/biz/ - Business & Finance

s'up /pmg/
when the whole silver threads popped up here on biz I Kind of got fomo and bought 50 oz of the lizard coin a few months ago.

since then i tried to learn as much as possible about pm's because I got 22k € on my ba and Inflation is just eating at it. also I want to lose as little as possible in the next crash that i presume is right around the Corner (1-4 years)

but every time there is a recession, silver loses its worth like a mofo and Gold wins at least 3 out of 4 recessions. (see: http://www.munknee.com/how-does-silver-perform-during-and-after-a-recession-youll-be-very-surprised/ )
so why are all the Banks buying and accumulating silver? most of it is used as a industrial metal (e.g. cars and solar panels) wich will tank in a recession anyway. what is there plan?
>well if you gold wins then buy that instead retard
yeah but than i look at the COT index for gold and it is currently at around 70%. I don't really know how to interpret this but at 50% gold becomes overpriced and every time it is at 100% we are well into a recession and the gold worth in USD drops big time every time it comes down from its high horse.
I'd like to buy gold but it seems historically overpriced atm and the Gold/Silver ratio is as high as ever. So that looks like a big plus for silver, also silver seems to be pretty cheap and i see the potential of a x2 where it not for the fact is is suppressed but every time i look at pic related I see all that silver/gold stuff revered.
silver is taxed 7% in my country and gold 0%