/biz/ - Business & Finance

>>56763378
>Basically, there's no way for them to actually prove your a full time resident of said country so no one cares.
I thought they would require you to be a permanent resident to bank. Guess I overestimated the third world.

>>21702419
Most people here have it as the second most common tertiary diversification after Platinum (I'd say about as many people stack GS/Pall as G/S/Copp though); the reason why not many talk about it though, is because:
- First of all, lots of people here are stacklets who haven't even got the funds to even diversify into Gold
- Second because you need a shitton of it. If people think Silver fills a vault quick, they've not seen a true copper stack. Not many bullions do bars (it's kino when they do though), simply because you need to start with large bars to begin with to really make it a worthwhile amount to stoe value in.
- Finally; coppers got a slight amout of stigma from nigs stripping houses of it; making it easily the most ghetto precious metal of the bunch.

Won't deny it's got promise, but it's already close to real value due to how much physical wire is traded on the daily anyways.

>>20664154
Depends. The general standard is that Silver is valued at a full day's pay for the average worker; whereas 1oz Gold is valued at a tailor-made suit. Now obviously price has fluctuated (notably with Silver suppression in the last 50-70 years) but most people here generally can agree that both Silver and Gold will at minimum triple in spot price once the spike occurs. Previous spikes have varied too, with most reaching x5 to x9 price
And then you've got however much on top you want to add for premiums (not just because you want to scalp more bennies; but also to make back the premium you lost, and how much local amounts will affect demand). Taking premiums into account you can hike as much as you can get away with, provided you have no moral compass
Finally, you've got the people here who are waiting on 'the great correction' in which Silver 'corrects' to what it should be valued at next to Gold based on supply. This is extraordinarily unlikely, but is a greater-than-theoretical possibility to throw it a proverbial bone. If Silver ever does correct; 'the Golden Bull Run' won't be just a hypephrase for cryptokiddies, it will be the literal phenomenon that affects all of PMs

One thing to keep in mind though, Mr.1 post from this ID - a full SHTF innawoods collapse is next to impossible. The economy will rot, wither and die over the course of years, if not decades. Though it's fun to plan for a scenario where you wake up, open the window curtains and there are savages fighting in the street fighting in the rubble of yesterday's civilisation; the reality is sadly much more mundane, as humans generally try to uphold societal standards. A good case study is the Bosnian (Serb stronk), Crimean or Ukrainian conflicts of the last few decades - even in full on warzones, once the shots died down for a few days; kids would go to school, women would get their hair done at a salon and men would go to work

tl;dr minimum x3, possibly x5-x9+ Note the ship is already sailing