Message from @ophiuchus
Discord ID: 487834624798621698
Yeah I'd love to do it as much as possible if I could. I wouldn't have to worry about moving if I needed to. Don't know if I have the math ability to do it though. Any kind of hands on training would help me alot, which this Funded Trader option appears to be. Thanks @ThisIsChris
You're welcome! I think it's a good path for anyone who wants to try trading every day since you get trained and can make your mistakes with other people's money
New robinhood update actually added candlesticks and volume markers
I'm so stoked on Gold and Silver going down more...at market rates, miners who aren't well capitalized can't continue to produce. The product is lower in value than the cost of production. When they fold, there will be a "shortage". True this is bad for some people and well capitalized businesses will consolidate in a fire-sale, but it will benefit a lot of stackers.
Cost of production for silver is around $20/ozt and gold ~$1200
Smart miners stay afloat by making these metals not the primary element. So lead and copper miners find them as a side item in their ore extraction...but exploration is often for a primary source with most of the precious metal miners.
New Robinhood update is dope
Enlighten me...what is that?
Robinhood? It’s what tide posted up there
Commission free trading
Interesting.
I bought several shares of an obscure antimony mining company from there today lmao.
Nice
My Robinhood account is basically used to buy really small cap shares that would be prohibitive to buy with commission
Also bought some physical today from an extremely old gentleman with a MAGA sign on his wall above his gun
I can’t afford to buy gold lmao. We all silver.
You can buy fractional gold...Start small like MX 10 Pesos or British Sovereigns, or French Roosters, or Swiss Francs
Oh wtf
What’s your opinion on gold vs silver or so right now?
Kinda skeeves me out its trading for way more than platinum
Silver is waaaaaayyyyyyyy undervalued...but Gold is what the elite hoard...They hold art, gold, and real estate. Gold is my grand children's future, silver is mine and my children's...
I'm probably too optimistic, but I think the market correction will eventually favor silver, but I don't anticipate living to see gold more sought after than silver.
So, you will see a higher percentage increase in value for silver than gold IMHO
Gold may go up 10x current valuation, but Silver may go up 100x...so I buy what I can afford, and I'm heavy silver, but I like gold too.
I admit, it is pure speculation. I have bought in to all the myths. I believe them all to have truth.
Do you dabble in any of the more obscure ones? Like platinum, even palladium etc.
I don't because they haven't had monitary history, but they have a great deal of value, very market specific.
palladium is tricky
there isn't much in the world
The physical investing community seems to be heavily right-wing, certainly more so than general investing people I deal with. I was also easily the only person under 25 in that shop. Think the owner was surprised I knew what a “spot price” was.
it spiked last because someone at GM couldn't get platinum for an order, and found out palladium was as effective in CatConverters, so he bought all he could (like half the world's supply) and the market reacted
Oof wow
Yeah, I always check before I walk in just in case...but over time I have built a relationship with my dealer. In CA they have to collect tax on sales of metals, but with frequent purchases they've come to say, "we'll cover that this time" pretty often. Even worked on some hobby stuff with them.
Typical markup for the shop is 3-5%
Tax here as well, unfortunately
What is it there?
like 9% i think...it's a scam
It’s 9% here too