/biz/ - Business & Finance

>>55257664
This. If you have wealth already accumulated, it is almost a no-brainer. There is no place other than PMs to park your wealth that isn't a cancerous scam-nest.

If you are trying to generate wealth with PMs, it is a bit more of a gamble. But I would say you have a much better chance of a moonshot with PMs than with stocks, real estate, bonds, or crypto. So the result is the same. All roads lead either to PMs or poverty.

>>55217903
You mean a symbolic currency that can be produced in quantities limited only by the morals of politicians and bankers can be a good substitute for a currency that can only be made by the cataclysmic collision of neutron stars? I think that is nonsense on its face and proven to be so by history.

Silver and gold are brothers. They have worked together since the dawn of money. The world's first coins were electrum - a natural alloy of silver and gold. Anyone who tries to set the brothers against each other is an enemy of honest money and human freedom. Filter them with extreme prejudice.

>>55021878
Dollar cost averaging is probably the LEAST emotional method of investing known to man. Combine that with an understanding of the history of PMs and the intermediate-term prospects for the current monetary system, and you have a very rational basis for not trying to time short term market movements.

>>54890768
Let's take the drone-eye view: both silver and gold have been money for most of the world for most of history. There have been attempts at paper money and every single one has ultimately failed. The US dollar achieved world reserve and trade status as a result of its initial gold backing and some unique post WWII global circumstances. None of those circumstances exist anymore and due to US government abuse, avarice, and stupidity, the dollar is in the midst of falling off its throne. Additionally, the stock and real estate markets are totally dependent on the issuance of debt but the gigantic debt bubble is in the process of exploding. So what are you going to do with your money? Stock and real estate are right out. Maybe bonds for a short term, but I don't trust the government. Hold cash? That might work until serious inflation comes back to try and fill the debt hole. Crypto? Let's see how far it crashes today.

I'm open to ideas for where to put my money but I have yet to hear one that has a stronger foundation than gold and silver. As between the two, I like both for somewhat different reasons. You can't go wrong either way - unless you have the short attention span of the smart phone generation.

Let's get a couple things clear early on.

Any Fed vaporcoin is going to be DOA because the rest of the world will reject it and the USA is too dependent on foreign trade to go it alone. The USA will have to adopt whatever the new international standard currency becomes and it will almost certainly be backed by commodities including PMs.

There will be no PM confiscation. The US government lacks sufficient agents and will not get cooperation from local law enforcement. Half the country will immediately denounce and resist because the country is hopelessly divided along party lines and the two sides hate each other. PMs are the LEAST easily confiscated asset. Bank accounts, brokerage accounts, real estate, vehicles are ALL much easier to confiscate. There will be no confiscation.

I'm pretty bullish about gold, but I must say that all the anti-silver fud and the mainstream news article hinting that crypto boys should buy gold is making me really get itchy for more silver.

>>54637533
What will you do with the fiat? That's the best way to frame the question. Where is a safe place to store your wealth? I could understand an argument for buying guns, ammo, food, and medicine first. But after that? I'm seriously interested in hearing ideas for safe storage of wealth. I ask this question regularly and nobody has a good answer.

>>53912734
Japan is cool.

>>53788997
Welcome to the path of glory!

>>53416413
Except they are not climbing. They are falling. And more importantly, demand is falling. The amount of time homes stay listed has increased dramatically. But you should absolutely go all in on residential real estate. I think banks are offering special diversity deals for people like you - just like in the lead up to the 2008 crash.

>>53379297
Looks about right to me. Keep stacking both.

>>53377546
Not unless the Fed keeps its boot on the throat of the dollar. And that will be hard to do unless Congress reins in its spending orgy (which is highly unlikely). The wasting away of the USD is pretty much inevitable. And the PMs will shine.

>>53357414
I don't know about the GSR, but I know gold and silver have been money since the invention of money. Every scam that deviated was short-lived. The current scam is near the end of its lifecycle.

>>53239854
Pour me another!

Remember, Frens, monetary scams, like plagues, come and go. But gold and silver always remain. When the current monetary scam collapses, be on the right side of history. The Central Banks and major governments know what's coming. That's why they are piling into gold like frat boys into a drunk cheerleader. They would stack silver too, if they had the room.

>>53070314
Yup. Frens stack whatever PMs appeal to them and fit their budget. Stay comfy and ignore the trolls and fuds.

>>52877209
It's standard fud. Buy both, guided by your budget

>>52753747
We heard you the first time.

>>52478040
All is forgiven, fren. If you know a better, safer place to put dollars than in the assets that have been money through almost all of history in most of the world, I would like to hear about it. Stocks and real estate are both riding on a gigantic, unsustainable debt bubble. The fact that you suggest waiting until the bottom means you know this. But I think your notion that we will hit bottom in a few months is erroneous. We have fifty years of inflation and an absolutely unmanageable level of debt to unwind before we hit bottom. I think the can has had the last kick it can bear.

>>52399228
That's a nicely balanced approach.

>>52297023
I think we misunderstand each other. The bag holders I'm talking about are looking for short-term profit by finding a greater fool to buy their speculative asset. That is in no way my strategy. I stack to preserve wealth I already have through the coming collapse of the debt-based American and world currency system. I don't need or want anyone else to buy my stack. So I don't need to convince anyone else that PMs are undervalued.

>>51383613
Why not both? They have somewhat different, but overlapping, fundamentals. Both have monetary and industrial uses. Gold is stronger in the former, silver in the later. People make a good case for silver being undervalued. On the other hand, there are signs that the international remonetization of gold may not be far off. I don't think you will go far wrong either way.

I think it's funny that stackers all say they will never sell, but then get butt hurt when some boomers won't sell for today's stupidly low prices.

"When I refuse to sell it's because I'm a genius. when the boomer won't sell, he's retarded!"