Message from @Freiheit - CA

Discord ID: 487835119378366464


2018-09-06 06:11:28 UTC  

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.

2018-09-06 06:12:11 UTC  

Cost of production for silver is around $20/ozt and gold ~$1200

2018-09-06 06:14:25 UTC  

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.

2018-09-08 03:50:06 UTC  

New Robinhood update is dope

2018-09-08 03:50:29 UTC  

Enlighten me...what is that?

2018-09-08 03:51:50 UTC  

Robinhood? It’s what tide posted up there

2018-09-08 03:52:01 UTC  

Commission free trading

2018-09-08 03:52:08 UTC  

Interesting.

2018-09-08 03:52:28 UTC  

I bought several shares of an obscure antimony mining company from there today lmao.

2018-09-08 03:52:37 UTC  

Nice

2018-09-08 03:53:04 UTC  

My Robinhood account is basically used to buy really small cap shares that would be prohibitive to buy with commission

2018-09-08 03:54:49 UTC  

Also bought some physical today from an extremely old gentleman with a MAGA sign on his wall above his gun

2018-09-08 03:57:39 UTC  

I can’t afford to buy gold lmao. We all silver.

2018-09-08 03:57:45 UTC  

https://cdn.discordapp.com/attachments/352760194775777282/487833900521881611/image0.jpg

2018-09-08 03:59:30 UTC  

You can buy fractional gold...Start small like MX 10 Pesos or British Sovereigns, or French Roosters, or Swiss Francs

2018-09-08 04:00:29 UTC  

Oh wtf

2018-09-08 04:00:38 UTC  

Man why did I never think about that

2018-09-08 04:00:55 UTC  

What’s your opinion on gold vs silver or so right now?

2018-09-08 04:01:09 UTC  

Kinda skeeves me out its trading for way more than platinum

2018-09-08 04:01:52 UTC  

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...

2018-09-08 04:02:35 UTC  

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.

2018-09-08 04:03:01 UTC  

So, you will see a higher percentage increase in value for silver than gold IMHO

2018-09-08 04:03:51 UTC  

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.

2018-09-08 04:04:36 UTC  

I admit, it is pure speculation. I have bought in to all the myths. I believe them all to have truth.

2018-09-08 04:05:15 UTC  

Do you dabble in any of the more obscure ones? Like platinum, even palladium etc.

2018-09-08 04:05:57 UTC  

I don't because they haven't had monitary history, but they have a great deal of value, very market specific.

2018-09-08 04:06:03 UTC  

palladium is tricky

2018-09-08 04:06:07 UTC  

there isn't much in the world

2018-09-08 04:06:56 UTC  

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.

2018-09-08 04:06:59 UTC  

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

2018-09-08 04:08:42 UTC  

Oof wow

2018-09-08 04:08:45 UTC  

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.

2018-09-08 04:09:08 UTC  

Typical markup for the shop is 3-5%

2018-09-08 04:09:10 UTC  

Tax here as well, unfortunately

2018-09-08 04:09:22 UTC  

What is it there?

2018-09-08 04:09:36 UTC  

like 9% i think...it's a scam

2018-09-08 04:09:45 UTC  

It’s 9% here too

2018-09-08 04:10:15 UTC  

The beauty is, if I have to leave CA, I take it all with me. It's not in a bank.

2018-09-08 04:10:25 UTC  

I mean, sucks it’s nine everywhere, good they’re not absolutely gouging you in CA though

2018-09-08 04:10:39 UTC  

All mine’s in a safe bolted to the floor lmao

2018-09-08 04:10:46 UTC  

Real downtown Birmingham hours