/biz/ - Business & Finance

>>11230589
Silver will save you in a financial crisis

I only own gold and silver

did I fuck up

>>11230589
SHINY ROCKS INVESTORS
/biz/ humor thread starting

>>11230828
gold is the most overrated metal, silver is where is at

>>11230589
>Yes!! My silver is up by 0.05% over the month!
Back to Schiff videos, brainlets

Please post some memes of PM """"investors""". I need more

>>11230999
>finite metal that is mandatory in the manufacturing process of the circuits of your phone and any future phone ever released
>muh value
bitch, I will be laughing when you spastics go crazy at your cryptoshit crashing yet again, I dont care about fast profit, I care about steady but safe profit

>>11231064
Then invest in sp500 corporate bonds, faggot

>>11231088
Fuck off, you get a 3x return on shitcoin if you know how to time it (TA).
I hate boomers

>>11230985
silver is the most worthless metal, gold is where it's at

How do you precious metals anons store your metals? A safe or what? I'm planning on accumulating some but am worried if I get robbed.

Also what is the best way to start. Should I get silver coins forst and then some gold? Help a brainlet out anons.

>>11231386
Don't waste your time with silver. Get gold and also some palladium if you can. Stick with coins, and avoid bars. The best place to hide your gold is the place where no one knows. Be creative. And if you get a safe, keep a second one as a decoy.

>>11231361
Yeah why is it so cheap? Any chance in the future the price of silver could rise? I mean it does have a lot of industrial applications.

>>11231759
JP Morgan has more than tripled its position in silver

>>11231759
I'm sure it will rise in the future, nothing wrong with having a few tubes of rounds or eagles.

>>11232011
Im sure you're pic related

>>11231532
Thanks, I'll get some smaller krugerands most likely and have a lot of places to hide them.

>>11232208
If you're looking for fractional gold, also check out the swiss and french 20 francs, you can get them even cheaper (per oz) than other fractional bullion coins.

>>11232113
??

>>11231532
Why avoid bars?

>>11232362
You can verify that a coin is real in about 2 seconds with audio frequencies. Bars are much more difficult to verify and more prone to counterfeiting.

PM bump

Pm dumping get out

>>11234020
Why are PMs dumping?

>>11234120
https://www.zerohedge.com/news/2018-09-27/tech-stocks-erase-powell-plunge-dollar-soars-global-liquidity-panic

Bitcoin is better than gold so I’d say going BTC/SILVER. Bitcoin is hard capped at 21m — we don’t know how much gold is underneath the ground. You can transport bitcoin anywhere with just a 12 word see inside your brain — governments can confiscate your gold if try to leave the country and it’s extremely heavy to transport. With bitcoin you don’t have to trust a 3rd party to send it overseas — with gold you’ll have to pay for transport and shipping plus insurance along with hoping they handle your gold with care — bitcoin is easier to spend as it’s divisible up to 18 decimal places — with gold you want to shave some off you’ll need a scale to measure its weight to make sure you don’t overpay — it cost money to mine bitcoin just like gold by using computation energy solving algorithmic puzzles — the real kicker here that makes bitcoin superior is again there is a cap on its supply. They’ll only be 21 million. There’s currently 34 million-millionaires on the planet so not even enough for every millionaire to own 1 btc. 7.5 billion people on this planet and if you own 21 btc you’ll be 1 of 1,000,000 people that can own that many. Gold can also be created in a lab, it’s called nuclear transmutation. You see mercury has a very similar atomic structure and the technology is advancing rapidly to be able produce real gold cheaply. It’s basically an exploit that can’t be patched by an update. Long story short: Buy bitcoin and stack silver.

i hope to get rich in crypto so i can mine an asteroid full of silver and btfo you fags

>>11234855
>They’ll only be 21 million.
How rare something is does not necessarily determine it's value. Bitcoin will be worthless in a few years, but gold will still have its value.

>Gold can also be created in a lab, it’s called nuclear transmutation.
It would take about $500 million dollars to make an ounce of gold with a particle accelerator. Quit being a dumb fuck.

>>11234936
Just to follow up on that fucking asinine comment with some actual facts:

https://glintpay.com/gold/modern-day-alchemy-making-gold-atoms-cern/

>“Of the chemical elements that exist, about ninety or so, about seventy or so can be produced by ISOLDE. You can certainly produce gold and there are experiments that do — but you have to realise that the amount being produced is very, very small. Typically you’ll produce a beam that might have a million, or maybe a billion atoms of gold per second. But the number of atoms in a gram of gold is something like one to the power of twenty-three. So if you divide those two numbers you’ll find the amount of gold you’re producing is tiny, tiny fractions.” Approximately 0.0000000000000001g.

>So while the scientists at CERN and ISOLDE can’t claim to be making enough gold to be industrially or economically useful (the cost of actually creating an ingot of gold via this process, would far outweigh the gold’s value), ISOLDE’s contribution to science remains invaluable. For the first time humans have the power to replicate the conditions found inside supernovas where most of the universe’s elements are forged.

>>11234936
I guess you didn’t read “tech is advancing” it’ll be here within the next 5 years and that’s a definite. I’d much rather bet on SHA256. I could argue that Gold shouldn’t have value as most of it is literally sitting underneath the bedrock of Manhattan not being utilized in the making of electronics or jewelry. Literally zero utility other than lowering total circulating supply that the general public has access. Scarcity creates value if people believe it has value.

>>11234878
Based and woke.

>>11234981
>I guess you didn’t read “tech is advancing” it’ll be here within the next 5 years and that’s a definite.
You're absolutely full of shit. This isn't a tech issue. It's an energy issue. There isn't enough fucking energy on the planet to convert any significant amount of mercury into gold.

>>11234981
>Scarcity creates value if people believe it has value.
I could take a bunch of dumps and save them in bags for a year, and not every millionaire could own a whole bag of one of my dumps. That doesn't make it a meaningful investment.

>>11235011
Correct because nobody gives a shot about you or your life. You’re average so your shit is worthless. Intelligence on the other hand is scarce. Which is why people pay the big bucks to increase it. Next time you’re on an airplane pajeet why not bring some bags with you.

>>11235027
I don't fly and I'm not Indian. Go fuck yourself and stay out of this thread.

i have a few questions

how do you buy precious metals?

will there be tax when you buy it?

when holding are you required to declare the amount and again be taxed for holding?

what makes a pm holder different from a numismatist?

how do you measure the content of a smelted metal?

how to differentiate real and fake metals?

Pm bump

>>11230589
i bought palladium at US$250 - fight me

>>11235330
If you want to trade crypto for gold/silver, apmex and jmbullion are your best bets

>>11234936
>gold will still have its value
Yes, it could easily drop to $130 and lose 90% of its value and still have your "INTRINSIC" value

>>11236522
Nice investment. I've thought about picking up some palladium. Those old soviet palladium coins look pretty cool.

>>11234855
Based. OP eternally BTFO

>>11238300
How is that based? It's fucking fake. You can't just make gold in a fucking lab you dumb piece of shit.

>>11238300
see >>11234965
and kys

>>11238406
They’ve been doing this since 1924 lmao although currently the price to do this is more expensive and you’d lose money so it doesn’t make sense but it’s not fake

>>11238400
>You can't just make gold in a fucking lab
Stop being an NPC. You need to freshen up on your chemistry and DYOR

>>11238427
>>11238442
I have a fucking BS in chemistry, I'm well aware of the science behind all this. The production of elements is well known, but it is also well known that only tiny tiny tiny portions can be created and the energy needed far far far outweighs the value of what is created. I linked to scientific sources showing why this is not economically feasible. I never said that the ability itself is fake I said that the ability to make it cost effective is fake. It's basic science and energy inputs, you can't change that. Now go neck yourself you worthless NPC

>>11238442
read what I said last night you shithead >>11234936
>It would take about $500 million dollars to make an ounce of gold with a particle accelerator.

Sugoi silver gains this morning, glad I bought some more yesterday during the dip(tm)

>>11234855
>>11238427
absolutely the most retarded thing I've read all week, and this beats the conspiracy that Ford was a character being played by Amy Schumer yesterday

Anyways, one nuclear physicist did some math on this, and to turn Hg into Au, for a milligram of gold, it would take a 15 MeV beam about a year to produce that.

https://www.quora.com/How-long-would-it-take-to-make-a-gram-of-gold-with-a-particle-accelerator

So to follow the math on that, one gram would need a 15 GeV beam and a kilo would need a 15 TeV beam. The only device with a beam that level is CERN which is around 15 TeV as you can read from this article:

https://www.dw.com/en/cern-large-hadron-collider-gets-stronger-better-brighter/a-44236776

And that's a multi-billion dollar project with a billion dollar annual cost. So if you took CERN and devoted it's beam exclusively to gold production for one year, you could have about a kilo of gold (or 1,000g / 32 t.oz). So you could go to APMEX and buy 32 gold eagles for $38,400 ($1,200/t.oz) or pay CERN a billion dollars for 32 ounces (which will probably be highly radioactive from the bombardment at that energy level for $31.2 million dollars per ounce. And you won't be able to use it in dentistry, electronics, jewelry, coins, etc because of the contamination. So congrats, you just spent a billion dollars to make 32 ounces of gold that can't even be handled. You are officially brainlets of the highest order.

>>11238972
keep in mind they are building miniature suns all over the world right now... Wonder why

>>11239002
>retarded tripfag is retarded

>>11239011
Gold will still be worth money but it will be like black lotus in MTG the value will come from the legacy status. Legacy gold. Keep it fresh.

>>11239028
Commercial fusion is still several decades away. They can't even get ITER to work right yet. And even if they had dozens of fusion reactors all devoted to PM synthesis, you would need an accelerator the size of CERN to do it, which is a 27 km tunnel under the Swiss alps. That is billions of dollars just to make the device. And even if you had all the energy and several of those facilities (not counting their setup costs), it still doesn't change the fact that the byproduct will be contaminated. God damn there are some retards on this board.

Silver to the moon!

>>11239046
Proved my point. You can create gold for a lot less than changing the DNA of the longest PoW chain.

>>11239869
>$31 million for an ounce of unusable gold

I recently learned that around 80% of platinum is mined in South Africa.

Considering whites are the only ones capable of running deep earth mining operations, and South Africa is slowly edging towards Zimbabwe 2.0 thanks to communist niggers and jews, it seems like we might see STAGGERING increases in prices as you need platinum for the manufacturing of catalytic converters, and political revolution in South Africa would annihilate the world's supply.

I'm thinking about adding some Platinum Eagles to my stacks as I could see $4000+ platinum when SA collapses or if Russia (who mines another 10%) decides to ever cut off the West.

Thoughts?

>>11240410
Not a bad strategy, but also keep in mind that an US led military intervention could step in and take over the mines if political unrest disrupted the supply, especially if Russia tried to take advantage of the situation. Palladium might even be a better play since most of it comes from Russia and they have more leverage over that.

>>11240459
The spreads are insane on platinum and palladuim fuck that shit

>>11240410
Chinks could start to mine it

>>11241462
That's just the nature of less commonly traded metals. The point is to sit on them long enough so that the spread isn't an issue.