806700+ entries in 0.557s
diametric: mircea_popescu: got
the latest s.nsa logo by chance? just want
to do some
test rasters, doesn't haven't
to be final.
Vexual: yeah well i live about 85degrees closer
to
the sun
than you
nubbins`: i need
to set some of
that shit up
Vexual: i have solar hot water and
the booster is always off
nubbins`: awnings
to keep hot sun out in
the summer and let it in all winter
Vexual: seen
those heat pump waterheaters?
nubbins`: basic stuff, large south-facing windows, slab floors
that retain heat, etc
nubbins`: passive solar is
the key, but not an option for all homes
the20year2: Whenever i can get a house
that isn't in
town, i'm gonna
try a solar
trough steam system
Vexual: pump
the spoils down
the drain, yolo
Vexual: so i can buy an ounce and use water
to run my bloombox until i die?
the20year2: it can be used in hydrogen production
too
Vexual: electrolytic reduction of phedrine
to methylamphetamine?
nubbins`: who knows! what do you even use
that shit for
nubbins`: srsly, drop
the 5 or bump it
to a 9
nubbins`: platinum is one
thing i don't hold
KRS1: i
think metals and maybe ride
the platium pony
too
nubbins`: real estate depends on
the area
the20year1: All
the silver I bought in 2008-2012 I essentially bought it for free
KRS1: i dont
think real estate is where its at either
the20year1: right now
the big, stupid money is in
tech
the20year1: Real estate
to metals,
to mREITs,
to
tech companies
nubbins`: scroll
to
the bottom, check "2000-2014" (close enough) and click view
the20year1: if you assume standard apprecation over
time, $17-$21 is where it should be
the20year1: I've bought some silver, need
to getb ack in
the game, did a pretty decent $1500+ buy at 65% of spot a month ago
KRS1: url? Im
trying
to find one
KRS1: i've been looking at 5yr graph of silver, seems like
this is
the
time
to buy
nubbins`: it's a hard way
to make a buck
these days
the20year1: I did
that for a while, was never worth
the
time
nubbins`: pick out
the silvers and cash in
the rest
nubbins`: well,
these days bored people just buy rolls and rolls of coins from
the banks
the20year1: I've
talked
to old
timers, and
they
tell me
that within 4 years all
the pre-debasement currency was removed from
the market
the20year1: 1 1982 American penny essentially holds similar value
to what it did
then , same with a 1980 canadian nickel
the20year1: IE 1 american penny from 1900 continues
to hold similar buying power 113 years later. a quarter from 1964 has equal buying power
to what it did at
tha
t time
nubbins`: an ounce of steel isn't worth
too much ;p
the20year1: Bank notes can't compare in any way
to
the value of coins. Unlike paper currency ,
the lions' share of coins in most developed countries hold value,
that is
till
they debased in
the cesspool
the20year1: the best
thing
the RCM and US mint could have done during
the metal increase of
the 60s would have been
to debase
to 40% (As
the US did) ,
then
to 10% like mexico did,
till prices came down
the20year1: So ,
today
those 25c American coins are worth roughly $4
the20year1: The idea was
that in
the event of a high inflationary period
the populace could still have significant buying power just in
the coins
they held
nubbins`: three coins per household unless you're a member of...
THE MASTERS CLUB
the20year1: Of course it is, remember when
the US and Canada put real silver in metals,
the spot value of
the metal was always under
the metals content.
the20year1: That was one of
the reasons I'm so big on
this REIcoin
thing because we could mint our own currency
too just like
the RCM is doing
the20year1: And
the mint is making right around $10 per $20 coin
they sell in profit
the20year1: Which means
there's phenominal demand,
those coins aren't sold outside of Canada, have extremely strict limits, and still sell out in virtually hours each
time a new one is released
nubbins`: nod. as soon as
the 20s sell out, you see
them selling for $25
the20year1: I don't know if you
track
the spread, but *most* of
those coins are in so high demand
the spread is anywhere from 10%
to 40% over face value
nubbins`: they do $100 for $100 coins,
too
the20year1: Paid much attention
to
the $20 silver coins?
the20year1: Canada COULD absolutely kill
the fiat market by introducing metal-backed money, as
they have been doing in limited numbers
the20year1: Then
they're making 50c-$1 per ounce
they sell in fees
the20year1: Are
they government issued pieces, or junk?
nubbins`: they actually do sell for slightly higher
than spot
nubbins`: the20year: my bank buys bullion for less
than spot?
nubbins`: they don't just purchase loose coins off
the street
nubbins`: because places
that purchase rare earth metals have long-term contracts with mines and refineries
nubbins`: Vexual: well, when
the value explodes in
the future, you can't just sell your gallium coins
to samsung or w/e
the20year1: because your bank realized
they can make money on it....they don't buy it for retail, nor do
they hold it as a reserve
KRS1: ah yes it would drive
the price of
those metals down..they're feeding it
to you
nubbins`: after all, if
the bank expected
the price
to rise, why would
they start selling it?
nubbins`: KRS1: sorry, i meant
that when my bank started selling bullion, i figured it meant i should start selling all my silver/gold
the20year1: That's what I did when BTC went up
to $250 from
the $35 I bought it at
KRS1: nubbins`: screams sell (btc) right now? we were
talking about gold/silver etc
nubbins`: why not
treat yourself
to $100 of gold and $100 of silver?
nubbins`: i'm not saying sell all your btc,
that would be retarded
KRS1: that is
the question
KRS1: yeah but when is it
time
to pull it out =D
nubbins`: which,
to me, screams "SELL RIGHT NOW"
nubbins`: recently my bank started selling silver and gold bullion over
the counter
nubbins`: but if you happen
to have done well with btc and wish
to safeguard your initial investment, purchasing its value in gold and/or silver is an okay idea
nubbins`: i mean,
the whole silver/gold stacking
thing is a bit fucking silly
KRS1: i dont follow silver..is it low price
these days like gold?
KRS1: if
they place an order with
their supplier, your price is still firm at checkout when you purchase right
KRS1: nubbins`: if you find a site
that does decent deals with in stock metals let me know
nubbins`: as far as spot-value bullion coins go,
there are really only a handful in both silver and gold
nubbins`: they put in an order with
their supplier once a week or whatever
nubbins`: people don't realize
that a lot of
these places don't really have stock on-hand waiting
to ship
nubbins`: ah, i've heard bad
things about amagi
too, although i've never had problems
KRS1: heard stories about coinabul
tho wouldnt use
them
KRS1: nice way
to cash out btc if you are facing regulatory problems with your banks
nubbins`: but you can only buy
those
through resellers.
they don't sell
them directly
to
the public.
nubbins`: the mint also makes plain bullion coins (silver/gold maple leafs),
that are sold for spot
KRS1: i
think coins are lower weight..but at
the end of
the day..it doesnt matter if its a dildo.
Duffer1: what's
the point of a coin over a bar
then?
Duffer1: i've never bought precious metals,
that sounds high
nubbins`: last gold one i bought was, i
think, 2x spot
nubbins`: you might see
three or four coins worth buying
throughout
the year
nubbins`: first dibs on new releases
too, but most of
them are shitty
these days
nubbins`: if you were wondering, being in
the masters club mostly just means you get a
ton of junk mail