Precious Metals New Thread 2.0

pay attention to how much the premium over spot is. Some distributors have a large premium. I find JM Bullion to usually have the lowest premium.

 

You can get 1-10oz bar at spot from jmbullion as a new customer.

I use jmbullion, dedicated heavily monitored fb groups, ebay and the occasional craigslist sketchy buy.

 

I think the word you're looking for may be faction

 

Yeah faction not a fraction.......

 

Sub'd
Started buying bars last month. Still learning.

 

Hopefully Trump is good for PMs....

Price fixing only hides the value of PMs, free market is always the best solution in the end...
It won't fix the debt, stop inflation or solve the petrol dollar problem..
So if he stops the price fixing that would create a huge jump in price..

He also should be better for the economy and strong economies live on silver...
Rebuilding could drive up demand for silver.....
Higher production and demand for electronics will also drive silver demand.

So if he lives up to his claims PMs should go up even with a good economy..

 

and here we go.........
http://www.businessinsider.com.au/citibank-is-the-first-australian-bank-to-stop-taking-cash-2016-11

 

https://cointelegraph.com/news/indi...1000-notes-millions-worth-of-rupees-worthless

They can only convert $300 per week..

This is why you need something outside of their system....

Fiat currencies are worthless and the cracks are starting to show....

1. Have enough food to get through a crisis/bail in
2. Only convert/barter PMs as needed after the crisis

But this does make the Petrol Dollar look better...

 

Subscribed for great info, thanks!

 

Now Hanes is also making a line odor eating garments, t shirt, underwear and socks....
Hanes FreshIQ...
Keep using up that silver at tiny levels....
Clothing is using silver at the nanopartical level there is no way to ever recover silver used in clothing.

It also looks like the silver is used up as you wear and wash the clothing, so you will need to keep replacing your clothing over time as the silver is released...
http://www.environmentalhealthnews....se-silver-nanoparticles-into-artificial-sweat
The silver content in the laboratory-prepared fabrics ranged from 36 to 425 milligrams of silver per kilogram (mg/kg).
That's 300 to 4000 T shirts per oz depending on content, that's about 5 cents to 1/2 a cent of silver per shirt..

http://www.financialsense.com/contributors/ryan-jordan/silver-industrial-demand-best-yet-to-come

This why I like silver better than gold because it is being used up little by little every day.
At one time the USA had 1000 years of silver mining stock piled and 20 years we used it all up and that was what started the silver run...
In mining for silver, aluminum and copper are building up to crazy inventory levels..
That's why cars are switching to aluminum is to use up the stock piles.
Silver is not the by product of mining like they claim, copper and aluminum are starting to be the by product of mining silver.
If they slowed down mining at all we would run short of silver and the price would go crazy.
That is why the base metals are piling up, to keep up with silver demand.
At these low prices and huge base metal inventories they have to slow down mining at some point.

 

Will also be great for Silver if Trump puts big funding into the military again (like Reagan).

 

I'm new to this, help me out. Let's go way out on a limb and say the bad things don't happen and things continue (on average) the way they have for the last 80+ years. In this case, buying PMs would be silly.

The only way PMs are going to really pay off is if everything crashes, right?

 

Wrong. One of the ways PMs will benefit you is a hedge against inflation. Buying precious metals is never silly. it's been happening since the beginning of time. learn history or not.

 

No matter how you cut it, the fed is inflating away the dollar and can only hide it for so long..

A gallon of gas was 25 cents for about 70 years during the gold backed dollar and has been going only in the last 40 years during the Petrol Dollar...
So things have not been the same for 80 years...
The US also had a huge stock pile of silver, but that has been used up.

So you have;

1. a fiat currency at the end of it's term.
2. Inflated stock market
3. controlled PMs prices
4. out of control GOV spending and debt

They are all different things that may correct at the same time or different times.
We can have high inflation without anything crashing...
The reason there could also be a crash is because they have also been fixing the stock market driving it up.
So when things correct you could have both, inflated stock prices correcting down and controlled PMs prices jumping up.

But no matter what happens or who is in charge the Petrol Dollar will continue to fall against PMs in the long run....

So PMs are a hedge against all the years of bad GOV policies that have to correct.

 

and the very next article I find....

Turkey's president renounces US dollar in bid to boost lira
http://www.foxnews.com/world/2016/1...renounces-us-dollar-in-bid-to-boost-lira.html

Drops all dollar reserves and buys gold, ask citizens to do the same.

Just like I keep saying the Petrol Dollar will continue to be used less and less world wide....

 

http://www.zerohedge.com/news/2016-11-17/islamic-gold-game-changer-gold-market

Islamic Gold - Game Changer In Gold Market

• Next month, 1.6 billion people will have a new 'gold investment standard'
• Gold bullion investments to become accessible to 25% of planet
• Islamic finance market expected to grow to US$5 trillion by 2020
• Islamic asset classes have all under performed compared to gold
• Gold has risen over 367% in US dollar terms and by more in currencies used in Islamic countries
• Gold bullion products may be additionally appealing to Islamic banks due to Basel III rules
• New Sharia Gold Standard will impact gold price