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Did you trust the plan, anon?
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Yes, common $200 silver
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@WhiskeyBent @Hoss Yeah this made me look.. crazy shit.
$150AUD right now.
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I have something over 300 ounces which is nice
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The deficit is expected to continue through the 2020's at the very least. Mines aren't built in a day, and around the time of the 2011 crash the sector decided new mine investment was so last century.
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@hakui @WhiskeyBent @thefinn @Hoss Will be interesting how the silver battery thing plays out. Once they are mining more than is being used it will be time to get the hell out. I don't see that happening anytime soon.
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@CZB @Hoss @WhiskeyBent @thefinn i will sell when the ratio is right
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@Hoss @WhiskeyBent @thefinn 50 year cup and handle on silver appears to be playing out. I'm gonna try my best to hodl till $250.
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@WhiskeyBent @Hoss I can kinda understand the need for gold rn, but there's a lot less need for silver surely.
I mean the gold is used in chips and memory.
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It's actually the other way around. Silver's industrial demand has been skyrocketing and mine output has been in a deficit for over five years.
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I can get a house rn but I don't have a stable job so ill hodl
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@WhiskeyBent @Hoss Yeah wondering if there's a rug pull gonna happen on this silver price. There's gotta be a bunch of overbuying right now.
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I don't think so, if you look at the gold- silver ratio this is normal
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@CZB @Hoss @WhiskeyBent @thefinn inb4 (((sheinbaum))) cancels the bull market by releasing all the stalled permits for all the mexico silver projects
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The administration has already began making a frantic reversal on the mining ban stance. Turns out taking a baseball bat to the knees of one of your country's most lucrative industries that's not narcotics during a commodities bull cycle is pants-on-head retarded.
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@Soy_Magnus @Hoss @hakui
Aluminum isn't like iron or steel. This is why, despite aluminum being one of the most abundant elements on Earth, the metal was practically nonexistent until the 19th century.
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@Soy_Magnus @Hoss @hakui That's because they don't know how to do it properly. Which is exactly why knowing how to to it right can be so beneficial.
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@LoliHat @Hoss @hakui u know I actually could do it I am smart enough and I've worked in a steel forge. Maybe I'll consider refining if it becomes valuable enough I'll need a full shielded breathing apparatus tho that'll be a horrible cost
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@Soy_Magnus @Hoss @hakui
Aluminum? Knowing how to make aluminum metal from bauxite or similar minerals will be useful. Admittedly, you'd have to develop some other technology first, but imagine having that knowledge and skill back in ancient times. You'd be a god-king of a powerful nation with that type of power.
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@LoliHat @Hoss @hakui big problem with smelting aluminum is it's 100% metal in Cape from and it's covered in coating so it's pretty dangerous to smelt without proper vent his and safety equipment I've seen people haphazardly do it and it's death waiting to happen
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@Soy_Magnus @Hoss @hakui
Worth it to also invest in elements other than Ag, Au, Pt, & Pd. You don't even have to invest in the metals themselves. Just get jars of the oxides for most of them. Even with Ag, Au, Pt, & Pd you can get simple compounds or solutions of them so that they aren't readily identifiable and less likely to be stolen or even searched for.
Beyond bullion, don't forget the other two of the "3 B's": Bullets and Booze. Stock up on ammo and quality alcohol, both of which will be far more useful than gold or silver after the collapse of civilization.
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@LoliHat @Hoss @hakui next place I go I'm gonna set up a distillery so I can have the Independence of making my own and use that as possible currency if needed. I collect plat and palladium and I actual have a lot of aluminum cans as well as copper scrap and I've started collecting copper pennies en masse as I'm betting they're gonna be a great short to medium term investment since people are melting them down causing a market rarity. Once people can't get pennies they're gonna blow through the roof and only get better with time. I've gone hard on pennies for years niggas bout to feel me lol
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@Hoss I bought this 3 months ago on the week they started taking preorders. I bought mine for $66.34 it's almost doubled in 3 months by time it gets to me in 3-6 days it will double at this trajectory
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@Hoss I was right about them cumming for crypto with taxes, word to the wise, a little birdie told me they're going to try to charge capital gains tax on metals this year. U might wanna start buying alloyed metals or no traceable purchases with cash from coin shops and pawn stores :winkingastolfo3: @hakui :nanachi_wink:
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@Hoss @Soy_Magnus @hakui @LoliHat 20x the time of gold. And ~18 months after the topstone was laid aluminum refining dropped the price to below copper
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Imagine being the first guy to figure out how to refine aluminum when it was still the most valuable metal on the planet. The alchemist's dream come true.
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IIRC the capstone of the Washington Monument was forged out of aluminum for prestige because modern refinement techniques had not been discovered and metallic aluminum was extremely rare.
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That shit's so toxic it makes lead look like a multivitamin.
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@Soy_Magnus @Hoss @hakui
>berrillium
That's an element I'd prefer to avoid, even more than many actinides.
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@Hoss @hakui @LoliHat another cool fact, aluminum used to be extremely rare and hard to process so it was worth more per gram than gold until they found (I 🤔) berrillium has it in abundance and they figured out how to extract it flooding the market and killing the price. Purple has another similar story that's why I accept gold with a grain of salt many things before it have had the markets destabilized through in for seen events so u should never only invest in one thing. (Tho I'm stocked on what I needed to feel safe so I'm gonna start dumping money into scrap gold and gold watches for quick liquid savings that's untraceable)
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Mercury is kind of the same way, isn't? Elemental mercury isn't exactly good for your health, but safe enough to handle with gloves and ventilation. But when it's in the form of organo-mercury compounds like dimethylmercury it becomes a horror story condensed into a chemical formula.
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@Hoss @Soy_Magnus @hakui
Lead is a fun element. Just avoid the organo-lead substances.
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@Hoss @Soy_Magnus @hakui
Speaking of that part of the Periodic Table, it's kinda weird how bismuth is so completely innocuous while everything around it is toxic. Heck, it's the main ingredient in Pepto-Bismol. All that while technically being 100% radioactive (abet with a half life a billion times longer than the age of the universe).
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If you find a way to reliably put shit up into orbit for pennies on the dollar, you're not even going to bother fucking with memes like asteroid mining. You've already cracked a game-changing innovation that will make you one of the richest people on the planet.
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Asteroid mining doesn't make sense because deep space exploration is the most expensive endeavor humanity has ever undertaken, with few ways to cut costs that don't involve space elevators which require materials we can't produce or functionally limitless energy, and that's just for missions that aren't trying to extract and retrieve literal tons of material on a recurring basis.
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@Hoss @cjd @Soy_Magnus @LoliHat 95% of explorers on earth go bust, anyone who thinks space exploration with exponentially higher capex is feasible needs to lay off the TV for a long time
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@cjd @Hoss @hakui @LoliHat I'm surprised you've heard of that musk said he's wanting to try from a comment that comes by earth that was one possible factor. I'm a currency kinda guy so gold is the best medium of exchange, but somethings have smaller time horizons like cured marijuana the longer it lasts the more the plant degrades and loses potency. On the other hand investment grade wines only gain value in time but also have to be contained in perfect condition throughout the life to preserve it. Most people would accept either as payment but time effects them both very differently
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Asteroid mining makes sense because there's a shitload of surface area out there, so you can pick and choose what you're interested in. On earth there's comparatively little exposed surface so for anything interesting, you have to dig. But working in space sucks...
Another thing to watch is deep hole drilling. Limitation of drilling is:
1. You need to transmit power down to the bit, so you need some kind of shaft/rod/hose/wire (in practice they currently use rotating shafts).
2. Mechanical bits dull, and then you need to pull them all the way up to change them out
So drilling costs rise with the square of the depth. But there's some research on using laser / magnetron to burn away rock because you can power them with a wire, and they don't dull.
What is invented for geothermal and oil might be repurposed for prospecting...
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Bauxite.
But I don't think there's any similar thing for gold or silver. For those you either prospect harder / deeper, or you start looking at asteroid mining...
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I think it's funny how in many high fantasy settings gold coins are often depicted as being used in regular transactions, when in actual historical reality most people lived and died without ever handling a single gold piece.
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@WhiskeyBent @CZB @Fagman2000 @thefinn @Hoss @hakui That's like $1000 so much more than fuck all, and very much more than the vast majority of peeps who have 0.
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Oi m8 talking shit about my gold?
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I got fuck all, under 10g
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@Hoss @Fagman2000 @CZB @WhiskeyBent @hakui And silver is affordable.
Nobody wants to collect 2gram bars of gold lol
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Historically undervalued against gold. Platinum group metals lack the millennia of history that silver and gold have.
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@Hoss @hakui @CZB @WhiskeyBent @thefinn I don't get why people around here shill silver so hard. What makes it so special as opposed to gold or platinum or any other precious metal?
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And then we heard "sell sell sell this is a bubble crash imminent!!!" from the same brilliant market oracles all the way from $50 through to $100.
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Really? where have you been for the last 10 years?
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@WhiskeyBent @Hoss @CZB @thefinn just 3 years ago if you said silver will go past $50 the response you'll get is "cool story bro, two more weeks amirite"
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I never expected to see silver touch $100 with the ratio only at 50.
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Sorry, whatever is in the solar system is all you'll reasonably ever get in the most optimistic case unless you can defeat (((Einstein's))) jewish relativity buzzkill.
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Even assuming a future straight out of Elon's interplanetary fever dreams, if you're mining anything out there it's not going to be shipped back to Earth.
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I can still fuck the big blue cat ladies though, right?
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Well, space elevators get your tools and people off earth, but that's not a reoccurring cost here. If you're asteroid mining, your ship really never comes back to earth, you just fly out, pick things up, and throw them in the direction of orbit where you catch them on the other side.
And also if you're manufacturing tools and equipment for use in space, you do that on Mars because there's much less of a gravity well there...
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A floating city in sulfuric acid clouds is a harder sell than Mars, which is funny because an airless frozen desert has never sounded like a good time to me either.
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@cjd @Soy_Magnus @Hoss @hakui
The low Martian gravity actually makes it a bad choice for long term colonization.
Floating city ships (buoyed by oxygen and nitrogen as lifting gases) in the atmosphere of Venus provides near Earth gravity, 1 ATM. of pressure and Earthlike temperatures. The heavy atmosphere even protects from cosmic and solar radiation.
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Sure, I'm just saying it's harder to make seem sexy in that sci-fi way they market theoretical space colonization.
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@Hoss @Soy_Magnus @cjd @hakui
Sulfuric acid clouds are easy to deal with via technology we have now, like seriously easy. No fix for the low gravity.
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@WhiskeyBent @CZB @Fagman2000 @thefinn @Hoss @hakui It's a wild thing but platinum is next. *very* *very* underpriced. Do not take financial advice from internet randos.
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Platinum is interesting and is certainly in a bull market, but I have less of a concrete mental model about how high it could go.
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Gold, silver, copper yep the Bible checks out
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Always silver or copper if you're not a king
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@WhiskeyBent @CZB @Fagman2000 @thefinn @Hoss @hakui I bought 5000 pre 82 pennies. About 34 pounds lol. Mail lady said it was heavy.
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@Dregsman @WhiskeyBent @CZB @Fagman2000 @Hoss @hakui The advantage of being both money and currency.
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@WhiskeyBent @thefinn @CZB @Dregsman @Fagman2000 @Hoss @hakui
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@immobile @WhiskeyBent @thefinn @CZB @Dregsman @Fagman2000 @Hoss https://www.legboot.com/product/ea-nasir-copper-bullion-bar/
i have one, it's fine
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Don't trust the purity.
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My favorite part of the lore is that the tablets with all the complaints weren't typically ones intended for long term archival storage, meaning Ea-Nasir kept them all because he knew he was a scamming bastard and thought it was funny.
Hoss Delgado
WhiskeyBent
thefinn
Charles Zi Britannia
御園はくい
LoliHat
Soy_Magnus
LordOfTheKangs
cjd
Dregsman
Fagman2000
?? Humpleupagus ??
immobile
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