/biz/ - Business & Finance

>>24312068
Now that it's thanksgiving and the Normans are gone, /biz/ is so much weirder and quite humorous. Strange threads and strange replies. (you) guys are the best. Thanks.

>>23795531
2/2

This explains why the silver bubble has popped before and will pop again if it
ever inflates: as soon as significant monetary investment flows into silver, it is
not as difficult for producers to increase the supply significantly and bring the
price crashing down, taking the savers' wealth in the process. The best-known
example of the easy-money trap comes from silver itself, of all commodities.
Back in the late 1970s, the very affluent Hunt brothers decided to bring about the
remonetization of silver and started buying enormous quantities of silver, driving
the price up. Their rationale was that as the price rose, more people would want
to buy, which would keep the price rising, which in turn would lead to people
wanting to be paid in silver. Yet, no matter how much the Hunt brothers bought,
their wealth was no match for the ability of miners and holders of silver to keep
selling silver onto the market. The price of silver eventually crashed and the
Hunt brothers lost over $1bn, probably the highest price ever paid for learning
the importance of the stock-to‐flow ratio, and why not all that glitters is gold.

>https://www.pdfdrive.com/the-bitcoin-standard-the-decentralized-alternative-to-central-banking-e196827163.html

TLDR;
Buy Bitcoin