/biz/ - Business & Finance

Another fatty bimetallic pump incoming!

>>19974444
>>19974555
Moderation in all things

>>19524840
I'll play devil's advocate here. Silver has industrial uses, which is great. Many of the applications are growing. But we don't want silver to perform like a commodity, we want it to be a store of value.

IMHO silver is a fundamentally worse SoV than gold because 1. It's much more common and 2. It tarnishes. Furthermore, I don't think PM's as a SoV have more of a role than for settling accounts and backing currencies. Cash is already being phased out, and for all practical purposes PM's are a much worse medium of exchange than cash.

Now our best hope for PM's is for them to become collateral or backing assets for a new digital currency. This makes a lot of sense if you think about it. Everyone know's fiat currencies are in senescence, and most cryptocurrencies are total shit. Even legit SoV currencies like Bitcoin have some serious issues. Verifiable PM backed digital currencies makes sense.

Now here's where it gets tricky for silver. There's really no reason to have a basket of PM's backing a digital currency as opposed to just straight gold. Gold is simply better for storage and transportation, and it could be gold is the victor of winner-take-all for backing assets. Silver does have some advantages though. Some countries have been hoarding gold, and have access to more gold mining. China for example. If China is first to launch a gold backed digital currency, it would be advantageous for silver producers (USA, Mexico, etc...) to instead use silver as a backing asset due to having more control over the supply.

Speaking of silver supply, silver is in a neat position right now where most silver mined is a byproduct of other mining. Commodity production is slowing down across the board, so even if silver moons, production can't ramp up to keep up with demand like it can with gold.

Alright frens. I have 75oz of silver and 1/10thoz of gold. I have about 6gs in my savings. I've been eyeing a 1oz gold eagle and perhaps some silver buffalos, is this a good idea? Part of me wants to say fuck it and buy 16 ase to finish my 20 stack. Is ase really the way to go or does it really matter?

>>19222577
https://findbullionprices.com/

Known scams list:
>every single crypto to have ever been conceived, let alone implemented and sold
>plus every single fiat currency ever under a fractional reserve system

Are we expecting one last price drop on silver or is the moon rocket going into T Minus?

>>19114052
>>19114160

$20/Oz EOM

>>18832029
Sauce on this chart?

>>18813333
Checked.

>>18793043
>>18793181
Ag is not some micro cap shitcoin. It is going to move slowly and it will probably lag gold's moon. It could be years before we see anything close to ATH. Be patient or just put your money into the /biz/ shitcoin of the month. Have fun discerning which projects are worthwhile.

Got my first ASE today boys. Came to /biz/ for crypto but this general is the best one here.

Hoping for a sweet spot of premiums dropping faster than spot rising so I can build a nice starter stack.

>>18639033
>Hey, Jew GoldMan, you can also arbitrarily choose which metal you want and there are lots of metals.
and yet, over 10 thousand years, no other ever competed with gold as a symbol of wealth. But I'm sure your half a dozen year old magical internet money is the real deal.

>>18566230

> https://www.zerohedge.com/markets/lethal-bullion-banks-looming-600-trillion-derivatives-crisis

The market already blew up. The next few months are going to be insane anons. Make your moves this week. This could be much bigger than 2008.

>>18529021
No.

>>18523044
Its over Steinberg, I have the high ground.

>>18508115
Are you kidding? This is a great sign.

>>18473301
Whatever the poor people are doing with their money in shithole countries I plan to do the exact inverse of.

Gentlemen. The global world economy is currently imploding in slow motion. Global debt is growing exponentially and we can no longer pay the interest on the debt, let alone trying to pay down the debt itself. This is it. It's either going to be a debt reset or massive world wide civil unrest. Buy gold and silver today, trust me. When you really need to buy precious metals all the stores will be closed and the post will no longer be delivering. The time is today. I warned you.

It looks like Silver / Gold rally is on for the week boys. If you haven't already gotten your initial position you should be buying today. If you are looking to add to your stack you might want to wait a couple of weeks for a potential retraction. I'm personally not trying to time the market and will continue to buy consistently with each paycheck for the upcoming months.

>>18429433
Us too fren

>>18412385
Reporting in and burning all our fiat for Gold and Silver brothers.

>>18399004
> I wish we could start a viral campaign to get as many people as possible to buy a single ounce of silver and to sell their paper silver at the same time.
we just did