/biz/ - Business & Finance

gold doesnt rust

>>10717266
Pric fluctuates due to the value of the currency you compare it to fluctuating. Gold and silver prices are dropping right now because the dollar is getting stronger. People do eat gold, and they use it in electronics and jewelry. Gold is better than diamonds because gold is an element and can't be created or destroyed without using massive amounts of energy. Diamonds are made of carbon and can be made synthetically.

>>10717286
this man right here, gold has an actual use..

what about Bitcoin? what value or use has bitcoin?

none.

>>10717266
Is APMEX good for buying Gold and Silver bars?

What is the best site which gives you the most reasonable offers...I've seen sites listing 5oz of Silver at 130euros lol

>>10717266
100 years ago for an ounce of gold you got a very nice suit

thats still the case.. try buying things with money from 100 years ago, you will not get very much..

>>10717330
Most EU vassal states charge VAT on Silver but not on Gold. Burgers do not have this problem.

>>10717266
it's a dumb boomer meme

Why is price important? The more accurately we can price things the more efficiently we can allocate resources
How do we find value, we price things relative to other things.
Everything is degrading relative to gold which makes it the value datum
It is the only way to measure price over time
When you measure things in gold you see that determinism does not exclude markets as we many have been deceived

>>10717266

Do you understand what the concept of a "store of value" is? The characteristics of gold make it ideal for this purpose, and every human society in history that ever encountered it used it for that.

>>10717266
>why is gold safe?
it's not once we start to import it from space
might not happen in 100 years but the thousands of years of gold being valuable is coming to an end
eventually we'll be able to manufacture gold

>>10717266
It's not. Buy sugar

Gold never keeps the same value. Anyone who told you that knows less than you. Gold is rare, useful, attractive, and burned into humanity's collective history. It is no more constant in value than land, fiat, blowjobs, bitcoins or any other means of trade. Worth what we say they are worth at that moment.

>>10717314
At least it's rare. The Universe is full of gold but there will ever be only 21M BCH

>>10717266
gold has value because women like to wear shiny things and men do whatever it takes to please them

>>10717409
you fool, sugar needs 100 times the storage space required to store the same value in salt

>>10717336
if 100 years ago you'd invested in real state instead of gold you'd multiplied your wealth. With gold you just kept it

>>10717371
the only things that have real, not artificial value are man's labor, problem solving skills and natural resources. Everything else is jewish tricks

>>10717421
>The Universe is full of gold
retard

>>10717286

>people eat gold

I’m sure they do anon, but people also wipe their asses with $100 bills. They don’t do it for any necessity

>>10717336

But why? I thought only blacks wear gold and maybe boomers for their wedding rings, but gold isn’t even that fashionable anymore.

>>10717374

I don’t get store value and I don’t get what characteristics gold has that make it valuable. Can you explain?

>>10717266
gold because reptillion chads are making spaceships

>>10717438
You think real estate has gone up because you are pricing it in inflationary money
Pic related is the reality

The perception of real estate being an investment is one of the best ways of making a man work his whole life.

>>10717266
Buy gold at 600 you are welcome

>>10717266
gold is gay and people love gay shit

>>10717511
Besides people just putting gold foil on wedding cakes, an increasing amount of people are ingesting colloidal gold for medical reasons.

>>10717528
fine then. If you started a business / industry instead of gold/real state you would've be waaay wealthier

>>10717355
you got your shit upside down, it was actually the EU that got rid of gold VAT to strenghen the gold market in Europe. that was shortly before the Euro was introduced, that is backed by 11.000 tons of gold

not saying I like the EU but they got that one right. we have the best and most open physical gold market ever now.

>>10717452
that claim isn't incorrect

>>10717586
i know, but we are on planet earth, gold is rare here. there are also theorys about parallel universes, that means trillions of bitcoins could exist

>>10717540

hmm...

can I buy stock in baddragon.com?

this is an idea.

>>10717575

unless your business went tits up

>>10717575
You dont understand what im saying
Gold is the only thing that is not an investment it is money
You dont have to own gold but you have to measure value by it

Calculate the ounce/hour of your first job compared to now, or rent or petrol. You dont know what the value of those things have done if you measure them in fiat

>>10717684
yes i understand, im just saying investing into things that produce value is better than hoarding a shiny metal. Yes there is more risk involved but also greater reward AND you're actually contributing something to society

>>10717645
100 years ago was 2018. The 20s were coming it was the golden age of business

>>10717725
1918*

>>10717684
Haha. "I listened to a 5 minute youtube video now I'm smart".
Gold is just another shiny rock. It doesn't have any cosmic significance. If has a few properties that make it useful as money. That's all.
It's been around for thousands of years?
So has horse riding.
When was the last time your rode a horse to work?

>>10717725

yes, and during the 20s and 30s do you remember the big event that happened?

>>10717266
It's scarce (you must spend energy to mine it) and unaffected by the passage of time (does not corrode or degrade). If you really want to get it want these a couple times. It will sink in.

https://youtu.be/DVIjDJx7KkU

https://youtu.be/V3_aUVmbyXk

>>10717778
Boomers experienced a "crash."
Nothing compared to today's crypto crash though. Boomers are pussies.

>>10717778
yes, i also remember Gold getting confiscated by the govt

>>10717795
so, just like BTC? only BTC doesnt weight and you can teleport it across the world, so that makes it even better

>>10717266
Not a goldbug, but tell me if this makes some sense to you.

Nobody knows what will be safe in the future, that would need a crystal ball. However, gold has proven a good track record of not going to 0 over a really long time. It's sensible to have some faith it will have some value tomorrow and the next day... until it doesn't or the death of the Universe. Over other physical things it has other important physical properties, as seen on first post. As value against itself, a kind of gold is always worth the same amount of the same kind of gold. So value is a bit completely intrinsic, for gold or turds, but when you try to measure it's tricky, because to decide what's a "fair exchange" you have to compare it to the value of something else and why would a gold bar be more valuable than an apple? Well, if you trade a gold bar for an apple, you've both provided liquidity to each other, you both got what you wanted and you're both suckers.

To your question, is gold safe? It won't go to zero, it can be overvalued or undervalued right now, but at some point it's a good opportunity to aquire it and at some point it's a good opportunity to get rid of it for something else, maybe something you want to chew, maybe a building or something with a motor, who cares. It is a shiny rock, I don't know if some monkey saw the reflection of the sun or what but at some point we paid attention to it and we've never since not paid attention to it, that's the important thing.

>>10717816

crypto is meaningless and brings nothing tangible to the table. It's just a bunch of code that other people buy and sell.

>>10717843

if you actually turned it in.

Just keep it hidden. Or change it to silver.

>>10717861
I hold both. And silver. And a shit ton of XRP, hahaha.

>>10717923
they knew who had the gold, they would've sent your ass to jail if you hide it
>>10717913
you could argue that gold is just a shiny metal that people buy and sell too and serves no other purpose

>>10717762
All things degrade relative to gold making it the value datum

>>10717381

>100+ years
>we

We'll all be dead lad

>>10717946

Nonsense. They would have no proof that I was hiding the gold. There was no gold registration that I am aware of for going down to the jewelry store and buying a ring or two (or two thousand). It would be safe and tucked away in a foreign bank account/safe deposit box. I would just say that I lost it gambling. Or better yet, say nothing at all and make them prove everything (which they couldn't do with the lack of evidence).

Gold is just a shiny metal but I actually have and physically hold gold/silver. If you buy bullion anyway. Bitcoin goes out when the power goes out.

>>10717266
Gold is inert
Gold is statistically rare but easy to extract because inert
Gold is soft and easy to work with
Gold is essential for electronics
Gold is even used in medicine

Physical Gold will always be Physical Gold, it will always have a value for the foreseeable future.

The problem comes from the financial sector being filled with corruption, greed and printed dollars.

>>10717843
Your dumbass just made the best argument for owning Gold. If the govt wants to confiscate it then that means its fucking valuable.

If you cant have gold then the Jew can confiscate your wealth through inflation

>>10718023
nigger if power went out your gold would be worthless too and the only thing that would matter is ammo, food and water. It would take power going out in the entire world for your bitcoin to go poof anyway, you could always retrieve them later.
About the gold confiscation, thats what you say now. You dont know how you would've acted back then, people were scared

>>10718067

well if that is the situation then we are not really in a position to worry anyway, right?

>>10718045
The fact that they can confiscate it is the problem. Yes they confiscated it cause its valuable no shit. In this day an age you couldnt hide your gold from the govt. Your btc on the other hand, they would have to torture you to death for you to give them your private key.
>inb4 i just hide it in the middle of nowhere the govt wouldnt find it
but someone could if they saw/followed you. BTC is like having your gold copy pasted in thousands of locations distributed all over the world.
Thing is, we have something now that is like gold but has many other pros that make it better

>>10717913
Crypto is non productive

Gold is part of a production chain. If you are cool with the high risk of dropping 90% over night or maybe going up 90%, buy crypto.

>>10717635
ok so you're just some retard that like to call people retard

>>10717995
aye most likely, though who knows how long it is until we can extend life to silly levels. some say people in their 30s today have a chance to live forever

>>10718103
If they decided to flip their internet kill switch you wouldn't have it either. They got all the bitcoin they could want from the silk road raid anyway. They can never cut off access to your gold except by taking it, and they aren't going be sending the police door to door to get it. If they want the gold that badly they'll pass a law like they did in the 1930s and then offer a higher amount over spot for your trouble.

>>10718516
the silkroad btc were auctioned iirc. They hold more % of the entire supply of gold than % of btc. They dont need more gold they can print all the fiat they want. Btc on the other hand could potentially disrupt their power since many whales that hold it are against their interests

Read The Bitcoin Standard. It explains the history of money and why gold is considered the most trusted store of value.

>>10717266
>Why is gold safe?
it's an inflationary asset not a store of value it is a hedge in certain types of crashes like no overall deflation just a crash off the stock market or a single currency plummeting.

>>10718067
>nigger if power went out your gold would be worthless too
you still can pay things with gold, electricity or not. what about your bitcoin? where is your bitcoin when theres no electricity..

right, not existent

/thread

faggot

Will gold crash to 1k?

>>10719601
also about 3k tonnes of gold is produced each year. production is increasing each year while the population growth of earth has been capped. there is no reason for gold to be worth more and every reason to worth less in the future.

>>10719648
or below

>>10719618
for bitcoin to become a chaotic mess you don't even need power to be gone. it's enough if the internet splinters between continents for a few days. then suddenly everything reverts to the longest chain when it re-merges and a shitload of transactions that had many many confirmations become "lol never happened". at that point price would drop faster then a hot potato from a baby's hands.

>>10719618
no one would give you shit for your gold in a collapse situation. Things that are actually essential to survive become the most valuable.

>>10717330
I've purchased quite a bit from APMEX and find them to be a good vendor. I suspect you'll be able to get better prices but it may not be as reliable (look up Hannes Tulving for what can happen if you go only for the low price without doing any checking into the reliability of the vendor) so I'm willing to pay the very tiny amount extra that APMEX charges. I am in the U.S., though, so if you're not in the U.S., it may be more troublesome to buy through APMEX.

If you don't need to physically possess the metal but still want allocated storage, I would recommend GoldMoney or BullionVault.

>>10719465
This book is total waste of money, its basically just Blockstream narrative of Bitcoin (bcore.org).
Author is a total nutjob, loud advocate for carnivore diet lol wtf... Salty as fuck, gets mad and bans when people point out his fallacies.

>>10719878
That is true only in a Mad Max scenario. There are less dire events where gold will protect the savings of people. Russia 1998, Venezuela today, Zimbabwe, Turkey, Weimar Germany, post-WWII Japan, and even the U.S. in the highly-inflationary 1970s.

>>10720617
well we were talking about electricity going off(making buttcorns useless), thats mad max enough so gold wouldnt matter either

>>10720767
So I guess in the 1700s, 1800s, and pre-Christ times when there was no electricity, gold was worthless? I don't think so.

Gold only becomes worthless when all of society totally falls apart, food and water become truly scarce, and there is no hope in sight for a return to civilization. So long as there is a place that hasn't gone to shit, so long as the screwed up situation is relatively temporary, gold will have purchasing power.

Friendly reminder that gold is a scam and anyone that bought it after the bubble burst in 2015 lost all their money

>>10717286
Is the dollar stronger or is gold weaker?

>>10721833
>comparing 1700s and 1800s non electricity society with XXI century
>not realizing we now have 100x the amount of people
>not realizing we depend on electricity to run modern society and if it went off for even one year 99% of the population would get culled
>thinking gold would matter even one bit in this scenario of mass chaos and paranoia

>when all of society totally falls apart
which is exactly what would happen if there was no power

>>10717266

2020:

Bitcoin = Gold
Ethereum = Silver
Conventment = Bronze

>>10717966
The smell of 105 in this thread is making me nauseous.
Maybe try actually reading science books before you use science words

>>10717861
>no electricity, no BTC.

>>10722002
>no electricity, no YOU

>>10717280
neither do diamonds and diamonds are more useful than gold

>>10717314
none of gold's uses are unique to it, you can use silver for electronics and jewllery, silver is better because it has antibacterial properties

food is better than gold

>>10717314
transacting across the world and to mars without worrying that bitcoin is counterfeit
lets see you try lugging your gold to the mars base

Historically it has been money. People still value it that way. Women love gold. Therefore men seek gold. Diamonds are just carbon and it's too easy to make chemically identical synthetic counterfeits.

The only real risk to gold is if asteroid mining succeeds and the people who control that operation decide to flood the market.

>>10718445
I wanna believe

Reminder if you want to buy some shiny pet rock do it at 500, at least you’ll have a chance to make money

>>10722695
what are you talking about? Gold has infinite risk because it has no benefit to the 'shareholder' and it fails as a hedge. So Why would it ever gain value from here besides hedge contract exchanges

From Ben Graham's book I remember something like it's an okay/great vehicle to beat inflation. However, you don't get any dividends or interest or other kinds of income over it. Plus you pay some costs for storage and insurance.

So in short: Your money doesn't depreciate/it's a store of value, but you must pay a fee to maintain it.

>>10723435
>it's an okay/great vehicle to beat inflation
well it's not. it loses value over time. doesn't really hedge against inflation. it's also expensive too trade and difficult to store securely.

>>10722497
also diamonds are the hardest metal

>>10723884
Please kill yourself

Gold is a store of value commodity because it's one of the longest lasting metals which manages to capture human attention. Human attention = value. Everything else is merely a gamble that humans will continue paying attention to something.

>>10723922
Why? It IS the hardest metal.

Due to extensive research done by the University of Pittsburgh, diamond has been confirmed as the hardest metal known to man. The research is as follows:

Pocket-protected scientists built a wall made of iron and crashed a diamond car into it at 400 miles per hour, and the car was unharmed. They then built a wall out of diamond and crashed a car made of iron moving at 400 miles an hour into the wall, and the wall came out fine. They then crashed a diamond car made of 400 miles per hour into a wall, and there were no survivors. They crashed 400 miles per hour into a diamond travelling at iron car. Western New York was powerless for hours. They rammed a wall made of metal into 400 miles an hour made of diamond, and the resulting explosion shifted earths orbit 400 million miles away from the sun, saving the earth from a meteor the size of a small Washington suburb that was hurtling towards mid-western Prussia at 400 billion miles an hour. They shot a diamond made of iron at a car moving at 400 walls per hour, and as a result caused over 10000 wayward planes to lose track of their bearings, and make a fatal crash with over 10000 buildings in downtown New York. They spun 400 miles at diamond into iron per wall. The results were inconclusive. Finally, they placed 400 diamonds per hour in front of a car made of wall travelling at miles per iron, and the result proved with out a doubt that diamonds were the hardest metal of all time, if not just the hardest metal known to man.

>>10723951
Because it's not a metal you mouth breathing faggot

>>10717266
The price of diamonds are artificially inflated because of De Beers diamond operations and marketing. Diamonds are fairly common
https://www.businessinsider.com/scientists-found-quadrillion-tons-of-diamonds-below-earth-surface-2018-7

Diamonds might also rank as one of the hardest materials but that also makes them one of the most brittle.

Gold on the other hand is a relatively non reacting material that doesn't exhibit corrosion like many other highly reactive metals and can be melted to be reconstituted. It's soft, malleable, and easy to work with due to it's lower melting point. Most importantly, it's easy to verify it's pureness with a consistent weight. Last but not least, gold has a lot more practical applications due to it's properties over diamonds.

Gold is negatively correlated to stocks.

When stocks are in a bubble, sit with gold, it's undervalued, probably.

When gold is in a bubble, sell gold and get into stocks, they are undervalued, probably.

Anyone saying "Always be in _____" doesn't know historical trends and will never make it.

>>10723951
based copypasta is a diamond dozen

>>10724020
uuuh it is sweety?

>>10717266
>>10724055
Interestingly enough, there was a point in time when metallic aluminum was more valuable than gold ounce for ounce until the Bayer process made it possible to extract aluminum from bauxite efficiently.

>>10724089
ALUMINUM?

Walking home today some fucker bumped into me and instantly started chatting shit to my face about aluminum being the best metal. I tried to remain calm and explained to him that iron was the best metal, but he wouldn't take a hint. He started throwing around words like "rust" and I lost it. Punched him right in his aluminum loving fuckface. I hate aluminum so goddamn much.

>>10717266
There's a whole industry of wealthy people who have left themselves with only one way to expand their market:
Lobby and sell gold as an investment to as many people as possible. any functional use of the stuff can't prop up a fraction of it's current price.

>>10717266
You can't make gold in a lab. You can make diamonds in a lab.

>>10724109
Delicious pasta must eat al dente

>>10724080
>diamond is a metal
the absolute state

>>10724109
There's no such thing as 'best metal' in an industrial standpoint, just different properties. Contrary to popular belief, aluminum does oxidize and corrode, just not as much as iron. It's about 1/3 the density of iron or steel with twice the strength to weight ratio with good aluminum alloys. (if I'm remembering the numbers correctly) It's total tensile strength might not be as high as one of the stronger steel alloys but it's use in certain applications can be superior if used correctly. It's a harder to work with material so manufacturing cost raises compared to steel. If this was the 1800s then maybe that guy has an argument but these days, it's better to look at how a material will be used than blindly claim a certain metal is the best for all applications.

Iron is great though, particularly steel alloys because it's cheap, plenty, easy to work with, and incredibly strong. It's flaws really are poor corrosion resistance and high density. All materials have a strength and weakness really.

In this context though, aluminum used to be a very rare metal with a difficult extraction process making it more valuable than gold a few centuries ago.

>>10724169
the diamond and aluminum posts are old pastas my fren.
Don't get your jimmy rustled so easily.

Btw, not gold but silver.
Even if it is not that of an great store of value, giving away a nice shiny 1 oz silver coin for <20$ is a great gift.
I don't have to think wtf I should buy that isn't total shit. A nice box with an silver coin BOOM. ez pz

>>10717266
>gold is usable across thousands of miles, across thousands of years, for thousands of products and services
>cannot be inflated when $leader wants war
>It must be a meme
AOL is a better frontpage for you than us, OP

>>10717266
Because there's a very small finite amount of it and most of the gold on the planet has already been mined. Same reason why bitcoin will be worth over $1 million in the long term.

>>10722497
Diamonds are just plain old carbon that can be artificially arranged like that for practical uses. They're not even that rare and their scarcity is mostly the product of cartels doing their thing.

should I open a savings account or just buy gold and silver?

>>10717266
>Why is gold safe?
You see that phone in your hand OP? There's gold in them there hills....

any other /ag/ bros in here?

>>10724670
maybe

>>10724638
But phones only work because of satellites.

>>10724711
Already got the 18 krugs? Nice.

>>10724740
Just realized how poorly I worded that.

>>10717421
>there will only ever be 21m strings of 1's and 0's
Thanks for the laugh anon

>>10724740
Found out, that they were released in the same week I bought my first stack.
Lucky me.
But I am kinda sad that the Philharmonics have a blank side, that kinda sucks and looks ugly :(

>>10724770
don't be more retarded then usual.
You know how it is meant.

>>10724782
Ah nice, so you're pretty new. Welcome.

>>10724801
popped my first 260€ into silver
1/4 and 1/2 oz gold will follow maybe later this year.
If I buy more silver, it will be a 25 stack of Australian Silver Kangaroo since it is wayyyyy the cheapest of all silver coins.
I only care about the silver itself, not the imprint.

>>10724850
Are you a stacker or are you a collector?

>>10724956
> stacker collector
Stacker I would say If I got the definition right.

I just want to diversify a little.
Having Gold/Silver can't hurt (as long I'm not going all in)
Also as a hedge in any (slightly) SHTF scenario.
Greece, Venezuela, turkey at the moment, and many occasions in the past.
It can happen so having a few coins might not be a bad idea.

>>10725010
I don't know the in's and outs of VAT laws if coins are exempt or something, but you would get more oz's by buying generic (preferably one with a security feature like sunshine mint). or if there is something related to 90% 'Junk' silver coins. That would save you a lot on premiums and help you build more oz's over govt minted stuff

>>10717314
Bitcoin can transfer value across boarders almost instantly and feelessly. That is already better than any other mechanism for value transfer across long distances.

>>10725057
Bars are fucked with 20% tax
coins with 7%

Silver stuff will be hard to sell if I want to get rid of it one day I assume.
At least the coins are recognice able when trading.
In a SHTF case -> coin is coin
In a multiple value increase -> not sure how I would sell silver "junk"

So in the future I'm buying the cheapest coins I can get.
My first stack was just to have a few of the most used ones.

Best way is to hold crypto, gold and silver...this is for keeping wealth and not loosing it during a crisis...it is not for gaining much

Besides that stack some sugar, salt and alcoholics...100 liters of fuel on top of that ...this is for extreme hard situations in case of acute crash so you dont have to trade in your cryptos, gold etc.

20-30% into shares
10% split between different but stable currencies (dollar,yen...)

The rest you have for buying property


It is about splitting...it is not about "muh gold fuck everything else" or "muh cryptos fuck everything else"...

>>10724670
>>10724711
Make way for your fellow bar holder!

>>10723951
that last sentence, my sides

>>10724670
>it saves you from memes

the guys with gold and silver why are you buying it? if you ever wanted to convert back into fiat you have to go to some shop that buys gold/silver then you have to get them to buy your gold/silver and they usually dont give you market price for it.

so again why?

>>10717511
>I don’t get store value and I don’t get what characteristics gold has that make it valuable. Can you explain?

humans started using things as a "store of value" due to the inefficiency of the barter system. Gold is ideal for this purpose because it is difficult to counterfeit, easily malleable (turned into jewelry, coins, etc.), doesn't tarnish or spoil over time, and there is a limited supply. Every human civilization since pre-history universally accepted gold as something valuable for these reasons.

Banks and governments today keep stockpiles of gold for this same reason. Gold has some industrial uses, but it was only used for this relatively recently and the vast majority is in bullion and jewelry form as investment or a store of value.

>>10725774
I'll explain my reasoning. If I buy say 1000oz of silver and I am in it for $15 an oz. say it goes up to $21 which is a safe bet in a few years. I profit $5k. That is assuming the shop gives me $1 under spot, some shops around me are less like 50 cents under but others more. These shops will always buy gold or silver no matter what the price. They can afford the $5k etc, as they are buying gold and silver right now and spending more.

The thinking is that silver is almost a guarantee profit same with gold as the market is doing so well right now and we will have another dip how large or how bad who knows but it will go down and silver/gold will go up.

>>10725774
Oh the $5k I was speaking of was the profit amount the total sales would be $20k, which I may have to do a couple different sales transactions to avoid paperwork or just go to 2-3 stores to offload it.

>>10725886
your logic certainly makes sense. does it matter what type of silver coins you buy? it seems like silver is the metal to buy over gold right now. is there any benefit to buying bars of silver over coins? im prepared to drop a couple grand into silver.

>>10726218
Oh boy, you will get so many different opinions and experts weighing in on this, all with different ideas.

My opinion is this. I would buy 10oz bars. The are the perfect sweet spot for getting as close to spot, they stack well, 4 of them stacked together is about the same width as a roll of 20 coins/rounds in their respective tubes. They are also small enough to sell off without worrying that they will be too much for a store to handle when silver goes up. I would also recommend kilo bars as they are even lower on their premium but not you are getting to a maximum size. So for me 10oz bars or kilo bars are the perfect investment.

>>10726218
Buy American Silver Eagles (or Canadian Maple Leafs). My understanding is that they are easier to sell to dealers than bars and you're more likely to get closer to spot.

>>10726218
You will have people who will tell you to stack silver eagles as they are popular and you get back more of your premium.

I haven't seen it this way as I have went to several stores around me as I can get better deals than online. From what I have noticed is I can get eagles for $2.50 over spot yet if I sell back I would get $.25-$.50 over spot therefor I would be losing $2-$2.25 respectively. With 10oz bars I get for $1 over spot and sell back would be $.50 under spot therefor the bars beat out the eagles.

So if you are buying strictly based on the silver content and want the best prices I would still advise 10oz bars or kilo bars. Now may others get better deals so for them eagles are better but I think by average the bars beat out eagles.

>>10726366
Dealers will buy silver no matter what form they come in as they have connections with brokers who can liquidate their excess. So you have to be careful of how much you paid for that premium for the eagle or maple leaf and how much they will buy it back for. if they buy it at spot you will lose $2-$3 or more if they buy it for $.25-$.75 over spot you would still lose more money than what a bar would.

>>10717286
Essentially this. DeBeers has invested millions in research to tell the difference between natural and (much much cheaper) synthetic diamonds, but no success so far.

Hi capitalist retards. Try refuting ANY of this video:

https://youtu.be/sXRl5ZgDwPM

>>10726347
>>10726366
thanks boyos. it makes sense to buy in smaller quantities. i think ill go with 10oz bars and silver eagles/maple leafs, possibly krugerrands too.

>>10726423
>>10726454
thanks for the newfound knowledge. will have to do some research on prices. so if my understanding is correct, dealers wont give you actual market price for them? usually between .25 and $1 under spot?

>>10726490
Can't go wrong with mixing it up. I just checked on JM Bullion for an example if you buy a silver eagle then sell it back you lose $1.99 an oz. If you buy a 10oz bar and sell it back you lose $1.64 an oz. So my assumption seems to be correct. However the maple suggestion might be great if you buy that one and sell it back you lose only $.75 an oz!

>>10717314
imagine the situation was the other way around, for as long as the oldest boomer had lived we had been using electronic coins to store and transfer value, some fucking guy turns up with some rock he got out of the ground saying it is the future of money because you can wear it.

>>10726518
All generics I have seen they will give you below spot somewhere between .$25-$1.0 under. Depends on the dealer/shop and what you brought them. All american silver eagles and canadian maple leafs coins they will give you over spot by $.25-$.5 usually.

Remember don't let the under spot scare you from bars because your premium is lower than with coins so as I showed above they will beat coins most of the time. That maple right now is doing great though.

>>10717266
diamonds have infinite supply, they are not rare at all. they are just managed by the kike diamond cartels to inflate prices, and memed into wedding rings for dumbass bitches who don't know what true rarity is.

Gold is a scarce metal that cannot be created. the main point I want to make here is that diamonds are a joke compared to gold. there are additional properties to gold not mentioned here.

comparing gold to diamonds is fucking retarded.

>>10726538
>>10726567
great info again thank you.
what do you know about the apmex website is that a site to be buying from? also is it worth buying collectors brands like engelhard?

>>10726454
People favor American silver eagles because of their liquidity and desirability. Don't forget, they are also legal tender vs a bar.

I've heard folks on both sides of the fence say the costs of buying and selling coins/bars are lower than bars/coins. Also, I would prefer a small premium for increased security, liquidity, and desirability.

>>10718103
>In this day an age you couldnt hide your gold from the govt.
Why not? Stuffing it in a box and burying it in the middle of nowhere still works the same as ever.

>>10721907
Tron= Unobtanium

>>10726609
APMEX was solid when I bought from them. I'd recommend.

>>10726622
I understand that and I can agree with you on most of those points. However, the problem is this I don't really see anyone ever using their silver eagles as $1 even if silver dropped that low knowing they paid say $15 or so. So I think that point is weak. Also keep in mind that look at what the pros do the ultra rich the elite the top 2%ers they buy bars gold or silver because to them they want the best bang for their buck.

>>10726609
I would recommend you look at comparesilverprices.com and look at the best deals also go to the pages and look at their shipping costs and just buy the best price from those reputable dealers.

I would even recommend going to your local coin shop and see if they have even better deals. Like I said before I get better prices at my local dealer than any online site.

>>10717266
>There may be more than a quadrillion tons of diamond hidden in the Earth's interior, according to a new study from MIT and other universities
I wonder why diamonds are a meme

>>10726679
>>10726721
thanks guys. i have a lot of research to do. its a great stable investment for a relatively low risk.

>>10717266
gold is like art, lambos, and what purple dye used to be. it delineates the rich vs. the poor. that is its true value.

>>10726787
No worries. Just always remember, it's more a store of wealth than an investment (unless gold bug's are right about the moon mission that never materializes)

>>10726876
Store of wealth indeed, an investment it is a small one as both gold and silver will go up and probably sooner based on the markets and possibly a new president in 2020. Maybe not like playing stocks or cryptos but to me an almost guaranteed fiat profit with very low risks.

>>10726939
Here's to hoping. Cheers.

>>10717946

>>10717266
Because 1 oz gold = 1 oz gold and historically speaking, fiat gets its value from gold, not the other way around.
To put it another way: if for some odd reason the Fed decided to print 6 trillion dollars a day from now on, your dollars would be worthless, but your gold would still be gold
See: Zimbabwe

>>10728036
Lets discuss the term "worthless". I want to play devils advocate here. is fiat worthless? It is what we use to barter with. I cannot go to the store and buy anything with gold or silver.

Example say I want to buy a cell phone, car, house, etc. How would we all determine what those items are worth in the terms of gold or silver? Most would look up the value of those items based on their fiat value then determine the price of the gold/silver at that time and maybe then and only then make the swap.

So if we erase fiat and pretend it doesn't exist, how are we going to determine any items value related to gold/silver?

Then this brings up the daunting task that we would all have to walk around with items to determine the validity of gold or silver so we don't all get took by fakes.

This is why I believe that in our lifetimes we just need to focus on the fundamentals to make a wise investment to profit more fiat. When the economy is good buy up gold/silver when the economy goes down sell gold/silver and make a profit with fiat since we use fiat to buy products. Waiting around and hoping for the gold standard to come back I think is a waste for us in our lifetimes.

>>10728036
>fiat gets its value from gold
nope
gold is a speculative asset not a currency.

>>10717511
but its doable and thats all that matters

>>10726939
there is no profit in holding gold long term. it is mined at an ever increasing rate supply is practically limitless there is so much fucking gold on earth it's crazy. silver is actually a much rarer metal than gold. in the universe at large they are about equally abundant.

>>10729119
long term no but short burst like I have said when the economy is great you can buy gold and profit when the economy does poorly. The same is true with silver but silver will always make you more than gold based on the gold to silver ratio.

silver is not rarer than gold, there is more silver in the earths crust than gold. above ground I guess you could say silver is rarer if that is what you meant based on 98% of gold is hoarded, I do not know the numbers on how much silver is used percentage wise. The earth's crust however gold technically is rarer than silver.

>>10729174
>when the economy is great you can buy gold and profit when the economy does poorly
except it's like all asset classes get a huge hit when deflation hits, and in inflation stocks outperform it. so the use case for gold is too specific to be worth to hoard it.

>>10729211
If you want big money with big risks yes you have to play the stock market and I guess crypto now. If you want an almost guarantee profit of some kind and the timing is right with lower risk precious metals are good.

>>10725605
Do want.


>>10726218
If coins, the cheapest aka. the lowest premium.
If you sell them, the chance might be that the buyer just buys for the silver price, not the minting itself.

>>10717381
>asteroid mining

>>10717635
>but we are on planet earth, gold is rare here
https://www.forbes.com/sites/trevornace/2017/09/15/771-trillion-worth-gold-hidden-ocean/

Don't think so brainlet. The problem is extracting this gold in the ocean but once that hurdle is bypassed with efficient technologies you can kiss your "MUH STORE OF VALUE" argument goodbye.