/biz/ - Business & Finance

>>50129463
>I was told its an inflation hedge
you were scammed, anon.

>>29923779
>were going to le moon
kek nobody here is dumb enough to touch silver anon check the chart

>silver
Who honestly would buy this chart? I refuse to believe pmgcucks are real

>>29780303
This chart kills the deluded silvercuck

>>29722723
>silver
Imagine actually buying this chart

>>29612574
>buying this chart and not bitcoin and eth
Lmfao

People actually buy this instead of bitcoin? Lmfao wtf
Shoulda listened to cryptoanon

Bitcoin 57k and climbing every week
Silverfags OMG SILVER IS UP 0.1% TODAY BUY BUY BUY
Silver is not a fucking investment and this chart proves it

>>29262323
Silver isn’t an investment anon

>>29193613
>people actually invest their hard earned in this

>>29119616
Who would ever waste their money on silver? kek

>>29126699
who would seriously buy this and call it an investment?
give me your best reason fags

>>29099581
>they all hold value like silver

>>27105206
>stacking silver is fun and very safe, you're always going to rise with inflation at least.
>very safe

>>18707789
>How is silver compared to gold when it comes to storing value?

Not great. Silver demand has a strong industrial component so in times of economic decline the demand also drops, which is the opposite of what you want in a hedge. Gold demand is more independent of economic conditions.

>>18623472
>>18623894
>>18624978
>Because numismatic premiums are a thing, and high-grade proof coins can command values beyond their silver price?

* original price $29.99 (pic related)
* total metal weight: 1.08 ounces
* total mintage of set: 299183

Maybe numismatic premiums are a thing, but not in this case.

>>18522673
>gold was 35 dollars in 1960
private ownership of gold was illegal in the US in 1960 idiot.

Try comparing silver prices

>>18505866
Purchasing power of a "store of wealth" is supposed to remain the same no matter the circumstances. That's what makes it a "store".

>>18505901
>Arguably gold and other stores of wealth become more valuable in absolute terms during times of inflation and uncertainty

A "store of wealth" like Gold receives its value from the fact that the supply and demand is somewhat independent of the underlying currency. Whether it's a US dollar or a Liberian dollar, it takes a certain amount of labor to extract an ounce of gold from the earth and a certain amount of labor to afford the refined product.

Meanwhile, the main demand of Gold (Jewelry is 50% of demand) is not very dependent on the economy either. Inflation affects both sides equally: higher wages make it more expensive to mine gold, but also increase the ability to buy at higher prices.

There's no fundamental reason why prices of precious metals should exceed that of inflation. If they do, then that's because of speculation, which is fine but not a store of wealth. Just ask anyone who bought Silver at a spot price of $55 in April 2011.