/biz/ - Business & Finance

>>24208292

>Thinking about buying 5 million USD worth of silver. How would I even store it?

Look into the following: GoldMoney; BullionVault; Kinesis; OneGold; GoldSwitzerland; and Sprott's PSLV and PHYS on the stock market. Do _not_ buy GLD or SLV, which are unallocated scams.

Neil McCoy Ward on BullionVault: https://www.youtube.com/watch?v=hYcm8fTfKmI&ab_channel=NeilMcCoy-Ward

Peter Schiff on GoldMoney: https://www.youtube.com/watch?v=BjqzyqRz_Mc&ab_channel=Goldmoney

On BullionVault you can buy and sell silver instantly, at spot price, in private vaults in Switzerland and Singapore, with the click of a mouse, and pay only a 0.1% fee for each transaction. You can also register or de-register segregated bars. It's extremely fast and efficient.

>>24204390

>I actually feel like the physical aspect of gold is its weakness. unable to be split up and transported by ease

This is a myth about gold which we have to combat in these threads again and again. We can digitalize and split gold into little fractions with perfect ease, first of all by gold-backed cryptos like Kinesis:

https://www.youtube.com/watch?v=5Q9aYYluRA0&ab_channel=KinesisMoney

Secondly by the use of gold-backed currencies (i. e. currencies convertible into gold) in the modern banking system, which are what China and Russia intend to release after the collapse of the dollar.

People have a false idea that BTC is more efficient than gold as a currency, but it's the direct opposite of the truth. BTC can't be used by even 0.1% of the population, even on the Lightning Network, before breaking down into $100 fees and 3-day transaction times. But gold-backed cryptos and gold-backed currencies make PMs a perfect medium of exchange. And unlike crypto you can exchange them into physical form and achieve true privacy.

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7?gi=f74ebf288235

>>24195982

PMs and miners are a hedge against the collapse of fiat money. When that happens, nations will demand payment in gold again, and a permanent end to suppression on the futures markets will cause the metallic ratios to revert to their historic levels (DGR 1:1, GSR 1:14; so gold will go 15x, and silver 40x).

The financial system is doomed to die, because we are already in a state of hyperinflation (https://www.goldmoney.com/research/goldmoney-insights/hyperinflation-is-here).). Alasdair Macleod says that we have mere months left to go. The bond market is necessarily going to crash, because interest-rates can never go up again without destroying the system and making the budget unserviceable; this means that a never-ending vicious circle of quantitative easing and monetizing the debt is on the way, until the dollar finally gets dumped. Russia and China are preparing to issue gold-backed rubles and yuan, and have accumulated sufficient gold reserves to do so.

It is hopeless to trust in an economic recovery. Unless the money-printing stops and the whole system is allowed to crash--which the bankers will never allow--the middle class will continue to get wiped out. Real unemployment is already 40%. (See ShadowStats.) High inflation from inevitable U. B. I. will only make matters even worse.

The next catalyst for gold and silver going higher will inevitably be the stimulus bill, but there might be a banking crisis, a currency crisis, or a COMEX default even before then.