/biz/ - Business & Finance

>>12890960
Wouldn't you worry about storing all that yourself?

>>12890960
it is a safe haven
Just expect the market to continue it's long term downtrend.

>>12890960
Silver is the whiteman’s metal. And it’s at historic lows. Even if the (((fiat))) price tanks which it probably won’t, you have silver Incase of a run on the fiat banks.

weird what gold looks like on the inside

>>12890988
Yeah that’s a counterfeit bar. Shit like that is a thing, which is part of the reason I think I’m crazy, but I really, really want to.

ary is the true american way

>>12890980
The pm market, the stock market or the long, slow exponential decay of fiat currency in general?

>>12890960
Since gold won't lose value to inflation, it is better than cash. However, if your goal is just to keep up with inflation you'd be better off buying t-bonds. Gold's volatility could hypothetically fuck you over.

inb4 "t-bonds would become worthless if the government defaults": If the US government defaults on all its bonds then your best investment would be a rifle, rice, and beans. You can't eat cash, bonds, or precious metals.

>>12891018
I wouldn't put all of my eggs in one basket.
I got hell of PM, crypto and greenbacks.
I don't know if the stock market has topped or not.
But I think Silicon Valley is about to get rekt.

How much is one of those gold bars

>>12891237
About tree fiddy

>>12890960
At least get one or two of these and then worry about gold.

>>12891229
>greenbacks

>>12891178
With respect to bonds, I think real rates are pretty close to zero if not negative; inflation is grossly under-exaggerated. I don’t think shit is going to go mad max or anything, I’ve essentially just lost faith in the current system, and crypto is far too risky for anything other than dabbling as far as I’m concerned.

>>12890983
Why do you keep posting an obvious fake silverbar? God damn are you stupid.

>>12891229
Yeah I’ve been trying to keep fairly diversified but I’ve just got this overwhelming urge to go all in and roll around on a (very) small fortune in gold. I fear for my mental health.

>>12891287
>inflation is grossly under-exaggerated.
point out the item in the CPI report that you disagree with

>>12891178
You forgot hyperinflation. T-Bonds are worthless in that scenario.

>>12891302
It’s the weightings for CPI; it’s fantastic that TVs are steadily getting cheaper but I can’t fill my car or my belly with them yet they’re weighted similarly. I also live in a retardedly high cost of living city, so I’m essentially locked out of owning property despite being in the top ~20% of incomes.

>weighted similarly to things like food and gas*

>>12891312
Look at what happened in the late 70s & early 80s. Ten-year treasuries were paying 15%. Interest rates typically rise with inflation.

>>12891302
>>12891317
The other thing that isn't shown in the CPI report is that the fed has been printing like mad ever since 2008. Once the velocity of money returns to where it was historically the CPI will spike.

See
https://fred.stlouisfed.org/series/M1
https://fred.stlouisfed.org/series/M1V

>>12891326
You could also get like 8% interest on a simple savings account. I don’t see that happening again in my lifetime unless there’s a massive hyperinflation or something. Taking the dollar off the gold standard in ‘71 was the root cause of what you described and we done gone full fiat now.

>>12891272
Those green slips of paper outperformed crypto and PM all 2018.

>>12891351
>Once the velocity of money returns
you're right about that.

>>12890960
just do 5 percent

>>12891383
I’m already at ~15% of my net worth and just want more. Like all of it. I think I’ve lost my marbles.

>>12891351
>>12891377
I wish I could say that I fully understood why it’s fallen off a cliff and what happens if and when it snaps back. I assume it’s mostly money created by central banks sitting on the books of retail banks waiting to be deployed or something, but I don’t quite get it. What I’m thinking of is maybe similar on a smaller scale, I guess, in that I want to pull pretty much all the money I have out of circulation and put it in something tangible (and shiny).

>>12891473
>I assume it’s mostly money created by central banks sitting on the books of retail banks waiting to be deployed or something, but I don’t quite get it
Yeah, this is a big part of it. 2008 spooked a lot of people, so many financial institutions and businesses are hoarding cash.

>what happens if and when it snaps back
If the velocity of money were to suddenly return to 2007 levels then the value of the dollar would quickly be cut in half. However, there isn't much historical precedent for that, so I'm guessing the velocity of money will climb gradually over the course of many years. We'll probably just see a prolonged period of 5-10% annual inflation.

>>12891370
That's why we have DAI (the only stablecoin)
Ether and bitcoin are fluctuating assets and should not be compared to the dollar. Sell into DAI and then buy back into the bottom of your preferred blockchain asset.

>>12890960
You won't lose your footing, but nor will you gain footing.
What is money? In this case, I will say it is basically distilled goods and/or labour. It can be exchanged for goods and services. Some people want to consume a lot of goods right now, like people who have never had a job and want to go to school to start making a high income from the start, or to start a business. Other people have more than they are using, and the goods and services are as good to them now as they are later. The process of lending money, like through a bank, allows you to lend people goods and services they can use now, in exchange for more later in the form interest. This also allows them to produce more.
Holding your money in precious metals does not grow your investment, nor does it make others more productive. It also has less risk. Gold and precious metals only increase in value in so far as people want a safe place to hold their money. It doesn't mean a guy pushing a broom can be making pharmaceuticals instead, or someone can start a business. It also means you're not lending money to a business that will declare bankruptcy and not pay you back. I am not in favor of it.

buy bonds you retarded fucking doomers

>>12892324
No

>>12892312
I don’t necessarily want to make money by holding gold, I want to hold my money as gold. I specifically don’t want people, specifically the finance industry to make money using my money by lending it out with interest. Fuck those guys.

>>12892324
>buy the greatest bubble known to mankind!

>>12890960
yeah thats ccrazy

>>12892571
gold is not a very good store of value long term despite its advertisement

>>12891272
This. Its us dollar bill. They were not called greeenbacks since the civil war

>>12891302
Ahem

>>12890960
Yes. ALWAYS, diversify. Not one thing is full proof 100%.

>>12891300
Its a gambling temptation. Recognise it and dont do it.

>>12892992

Put 10% in gold.

>>12892992
this is also interesting it explains why it is so easy to fuck with the official inflation you just tweak the numbers a little bit ignore some inconvenient facts and bamm you have no inflation officially while life gets more and more expensive.

>>12893285

>>12893289
CHOTTO OMAE

>>12893289
i have a gold coin since 2013 inflation adjusted it just lost value. and i bet it will just keep losing it even if the price goes up. gold is retarded. i keep it to remind me every day of my early stupidity.

>>12893296
i only have this, but the long term outlook is still bleak for gold.

and of course the final nail in the gold coffin

Gold 100 year chart

>>12890960
Or you could get an 18% return on your investment annualy by buying XSN masternodes.
The price has hit its absolute bottom, so its a pretty safe bet (Unless BTC halfs in price or some shit again, haha)

>>12890983
> it’s at historic lows
doesn't mean it can't go to $7 or $5

Silver is currently losing some %
Do you know why and how much more it will retrace?

I want to buy some silver from my shop on monday but I think it will be higher than now.
I could reserve my purchase now online but then They have my name and address.

>>12893372
silver is the absolute fucking worst here. it has fucking vat 27% on sale but you are shit out of luck getting that back hen you sell as a private seller.

so it has about 20% premium, some above spot % and 27% vat. you are already at 35% loss when you buy it. it can be 40% for some forms. so it may need to go up 66% for you to break even!! and there is absolutely no reason for it to go higher and there is a possibility to go lower.
i would like to murder every cunt that shilled me silver back in the days.

>>12893395
oh and inflation yeah inflation did i forget about that, breaking even nominally is not fucking enough to actually break even and what about opportunity cost? if i put the same amount in bitcoin... bitcoin was a few hundred usd back then.

>>12893395
27% wow where do you live?
It is "only" 7% in my place.

I buy it as a store of wealth over the next years.
Not to make huge profits (which would be a bonus).

>>12893458
silver was shilled as under-priced i looked it up silver mines actually shut down for being unprofitable (estimate was around $21-$24 for general profitability for some major mines) some even started to buy up silver. turns out silver is a waste metal that comes form mining other metals on the side. so we don't even need fucking silver mines. turns out silver is actively suppressed by futures and getting morganed every day. not to mention what i said earlier.

i have no doubt silver will see an other spike in the future. it's almost like a law of nature, but if you will be at your money as opposed to index funds or not is absolutely questionable. and short term it just sucks ass.

>>12890960
>buying non-productive assets

You will NEVER make it.

>>12893370
It's at that level when you adjust for inflation

>>12890972
this is the major issue with it.
eventually word gets out that x jackass has x amount of gold at his house
that attracts all of the violent drug addicts who home invade u one night
they make u open your safe
then kill you on the way out

this has happened almost ever since ppl began storing gold
and its the major reason why crypto is always going to be more valuable than gold
its just safer

>>12894084
>telling anyone about your stack, ever

>>12894781
bank wire for payment
local shop you buy from

there are enough people involved who can spread the word hoch much you bought.
>buying online
you bank guy can see into your account, if it is the wrong one he knows you have xx$ in PMs.
If it is a women you are fucked. That is a gossip mine.

>>12894836
>pays in cash at a reputable shop in a busy area
>buys relatively small quantities at a time
>takes a circuitous route home
Why the fuck would you tell a woman anything about your stash?

>>12894866
>people see you entering and leaving the shop
>with bad luck the same person sees you several time due to living/working near there
>the people inside the shop or the bank person watching over your bank account may be the one telling around. More likely if it is a women since gossip is currency.

>>12891229
Mirin that platinum bro

oh no looks like your precious gold and silver are crashing hahahahaha

>>12895797
which is pretty great because I wanted to buy this week, missed it and now I can get in cheaper.

>>12895797
>>12895797
>Lower crude oil prices on the day are also a bearish "outside market" force hindering the precious metals.

>>12890960
wat candy is that

>>12890960
>world will undoubtedly end soon
>fiat currency and banks cannot be trusted
>buy btc and gold now
>do not buy a house that's for boomers
>muh gold stacks
>I'm safe *phew*

>>12895988
Forgot link
https://www.kitco.com/news/2019-03-01/Gold-At-5-Week-Lows-As-Selling-Pressure-Intensifies-In-Midday-U-S-Trading.html

>>12890960
If you're just about ready to retire right now, or want to convert your assets into something you can easily transfer to another state/country/jurisdiction, or you want some big chunk to hold onto because you think shit might go bad in the next year or two, sure thing.
If you're trying to build wealth, no. Gold is good for preserving wealth you've already established and protecting it from massive market fuckups, and it's good for moving your shit somewhere else without every foreign government salivating to take a cut.

>>12891264
Best advice.

>>12896052
What if you’ve just had enough and want to opt out of the system?

OP you don't need to convert it all (albeit the more the better). Put half in. Gold and silver are SOOO undervalued compared to other real assets because of the con fiat is.

50 ounces of gold will be generational wealth when the currency crisis hits.

Remember the old story of the hotel bellcap in Weimar Republic Germany who had 25 ounces of gold saved up and when hyperinflation hit he was able to buy an entire city block

>>12896052
But paper isn't wealth. And if a currency crisis has you will want at least 20k in gold and or silver. The reset it going to be sudden. Sure.... you don't need to put all your current wealth into gold now.... but your paper profits in stocks or whatever will evaporate in a currency collapse, then you'll be fucked.

Good news is you don't need more than 500 ounces of silver and 10 ounces of gold to have potentially generational wealth in a currency reset. So you should always have a monster box or two and 10 ounces of so of gold no matter what

>>12891178
The value of gold is as artificial as the value of shiny jewrocks. The fact jewflation of the world's jewbux won't hurt gold doesn't mean it's not till useless metal once the browned hordes are looting your farms looking for white women to rape.

The ability to produce food, water, ammo, and gasoline for your supercars are all that matters.

>>12890999
Checked

>>12897280
sounds like maybe it's better to keep some white women and guns around

>>12897254
Also invest in your body and health.
What will you do with that monsterbox if you are a limb wristed twink to weak to carry your PMs.

>>12890960

if society ends gold won't be worth shit. Buy land that has water and farm it.

>>12897408
Thats the entire point fuckwit....when the currency crashes you get land and property for pennies on the dollar for what it cost you to buy that gold in the fiat paradigm.

Like in venezuela where 1 ounce of gold buys you a home down there now.

>>12893497
>He invested in silver for short term gains

>>12890960
Convert it and then smelt it into an egg form

... and then stick it up your butt so you can ley golden eggs

Buying gold is a poor man's meme

>>12897566
But then you have to live in Venezuela

>>12895797
BUY HIGH SELL LOW

>>12897999
Nice digits, but can you offer alternatives?

>>12896028
Read the thread nigger. I don’t think things will go mad max and I’m locked out of the property market where I live because of reasons. I also don’t want financiers to make money off my money.

>>12891229
Are those clad Kennedys? Lol poser.

>>12893291

Yeah anyone not a complete retard zombie borg tovot can tell standard cost has gone up 2-4x depending on sector.

Tech and electronic destractions are very cheap to keep massive passified while they’re fleeced, the Huxleyan aspect if our society, combined with a deluge if disinfo.

Everything else is extremely Orwellian, almost to a T. 80/20 1984/BNW split, its insanity people don’t see it.

“No inflation again this quarter.” Head of lettuce now 1.50 usd on sale!

>>12896028
>fallout fantasy
god why do you morons shit up threads

>>12892992
what does this chart mean? Explain it to a retard like me

>>12897938
doesn't matter what reason you invest in silver for you will get fucked. it's not an investment it's not even a store of value it's a fucking speculative asset actively suppressed by big money. just buy any blue chip crpyto it will outperform silver in any 3 year period.

unallocated storage at the Perth Mint is a good option buy/sell prices are very close to spot and no storage fees, they promise they always have enough in the vault even if every customer demanded physical delivery at the same time

>>12898811
Sure LOL

>>12899133
>any 3 year period
are you dumb?

>>12898631
No u

>>12890960
Something nobody says in these gay gold threads is that gold is a fear investment. The s&p dipped a little this week so it's a shitty time to buy gold. Let us have 2 or up weeks and gold will dip, then you buy if you must.

Basically you're gambling for a crash which maybe comes eventually but are you getting a good return waiting? No, you're being a pussy faggot doomer.

>>12891326
IIRC: the Fed chairman was a giant who intentionally raised interest rates; he was considered a failure so the next chair probably will advocate for a different policy.

>>12890960
No, it's a store of value. If the market tanks and society crumbles, gold still has tangible worth.

>>12890983
I fucking love silver. I'm already at 35 ounces
>>12890999
If you really want gold you should order from the official apmex website. If they send you fake shit you can sue the living hell out of them

>>12899158
Keep holding useless internet money tokens cucklord. I am sure they will go up 1000%, any day now.

>>12899230
Tall Paul Volcker. He was a pretty big guy.

Just don't forget to learn how to smelt gold/silver before you purchase and then you better smelt it and verify that you actually bought said amount of gold and silver.

If you don't smelt it it's completely trust based.

>>12899855
Ummm or just get a sigma or take it to your LCS to verify it

>>12898516
why would I?
They're not that valuable anyways. All the silver in my stack is nothing compared to the gold and platinum.

I think I'ma go out tomorrow morning and buy another gold eagle. Wish me luck.

>>12893497
>turns out silver is a waste metal that comes form mining other metals on the side. so we don't even need fucking silver mines
you got that backwards friend, most silver comes from other ore by-products. dedicated silver mines cannot meet supply

>>12900501
I think I’ll join you.

>>12899158
No one wants your madden points kid.

>>12897225
>Remember the old story of the hotel bellcap in Weimar Republic Germany who had 25 ounces of gold saved up and when hyperinflation hit he was able to buy an entire city block
[citation needed]

>>12901223
This
The last time I remember the weimar republic it was a great time of progress and liberal minds.
My teacher whom I fully trust never sayed anything that it was a bad time. Not until the nazis came around and fucked everyting up.

>>12901580

>>12901697
I was so close to add some sarcasm mark under that post.
Which should be obvious.

>>12891229

calm down gordon gecko

>>12899344
>>12900934
any 3 year period. you won't find a single range where crypto didn't outperform your silly metals greatly! let's not even talk about longer periods!
>>12900546
same shit, but more like you don't fucking need them.

>>12901835
>let's not even talk about longer periods!
how about 6000 years?

>>12890960
Silver is the better choice right now

Got these in the mail yesterday just in time for silver prices to drop. Give me some opinions about generic silver rounds.

>>12902086
Yeah Silver is a pretty small coin too. Value of All Above ground silver Stocks is around 16 billion. Which puts it only a bit above Ethereum and Ripple who have 13 and 14 billion market cap respectively. BTC in comparison has a market cap of 67 billion.

Nice shiny rocks you fucking retarded boomers. Did you know that silver is a byproduct of bauxite cobalt and iron mining? Silver mines can't even stay open because it's not profitable to mine.

It's like silver is an airdrop for miners of everything else, since its so fucking common around regular metals. Its basically free money for them to dump whenever they want.

If you are buying silver you are buying an airdropped shitcoin that chinks and niggers got for free.

Trouble with Silver is it tarnishes. Just sold my entire stack at barely any profit despite 10% up on the spot price. Every buyer wants coins perfectly free of ANY trace of milk spots. Done with bullion.

Unless there is really significant movement I don't see the point. Silver doesn't want to go up. I doubt it ever will.

>>12902453
Hmm maybe it wasn't such a good idea to take out your stack spread it all over your grubby shag carpet to take poor quality flip phone pictures of, huh gramps?

>>12902478
I'm 33 you ass. It was all kept in a safe for 5-6 years and every bar and coin was sealed in a capsule. Hell, even the hermetically sealed PAMP bars looked like shit. The gold did far better.

Putting it all into property instead.

>>12902478
>wasn't such a good idea to take out your stack spread it all over your grubby shag carpet

>not laying your stack on a nice blanket

>>12902453
buy physical silver and gold as a small doomsday stack. ETF's for speculation

I've bought like 100 ounces over the past year sparingly never realizing that all of these PM sites are selling "starter" sets at spot price. I'm very pleased right now.

>>12902068
that's too easy anything longer than 11 years and crpyto is infinitely more profitable than metals.

>>12890972
I handle those quantities of precious metals at work daily. At $1,300/troy ounce it's actually not that much.

>>12903243
Retail or something else? If retail, can you describe your customers? Boomers, zoomers, neck beards, guys in suits? Just curious.

>>12900501
Changed my mind.

>>12904001
Nice choice friend. Lady Fortuna a cute.

>>12901580
>nazis fucked things up
>nothing to do with reparations and unemployment

Sounds legit. Perhaps you should stop trusting your teacher anon.

>>12904001
>PAMP

>>12904386
Is there a problem?

>>12892114
I can't spend DAI on fancy boy dinners every night.

>>12905641
I remember being a kid back in the 90's traveling across country with my parents.
We were very hungry but couldn't decide where we were going to eat. My dad saw a sign on the side of the road for "RIBS" and we all agreed that's what we wanted.
I was so hungry when the waitress brought out our plates I could already taste them.

They were beef ribs!!!

My whole vacation...ruined.

>>12892555
congratulations, you are king of the retardeds.

>>12905664
if beef ribs were the worst of your problems, I envy your tortured existence.

>>12893370
The Fed is a few months away from QE to infinity. Trump is complaining the dollar is too strong. Why would Silver drop 50%?

>>12903295
Not retail, we do precious metal fabrication for industrial uses.

>>12906117
>Why would Silver drop 50%?
because i own a few ounces. it's the rule of this universe a fundamental law it seems that anything i touch just goes down until i sell it finally.

>>12897999

>https://twitter.com/JavierBlas/status/1090866589950492673

>CHART OF THE DAY: Central banks bought last year the most #gold in 47 years, with 651.5 tonnes (74% higher y-o-y). This is the highest level of annual net purchases since the suspension of dollar convertibility into gold in 1971

Pic related

>The 2018 gold buying spree by central banks isn't just the biggest in 47 years, but also the second highest annual total on record (only surpassed by 1967, when central bank gold reserves increased by 1,404 tonnes)

>>12890999

Fort knox is filled with crap grade and fake gold bars, buying is a good idea

>>12892312

Money is a claim on value and metals have always been considered valuable to some extent. Pms are therefore not only an investment but also an insurance against money printing. At a 300 year low, when including how much money was printed, metals are a good buy right now. Silver is even below mining cost.

>>12893307

That takes into account the fake gold the us government claims to hold as well as paper contracts that claim metals exist that nobody can take delivery of magically somehow

>>12893395

2 euro over spot + margin tax of a couple of cents here

>>12893497

Jp morgan bought 800 million ounces of physical silver for no reason then, sure

>>12906224
>Silver is even below mining cost.

This pretty much has to be true. That shit must be hideously expensive to get out of the ground and if there is any truth at all to what they say about there being so little silver above ground and industry burning through it way faster than it can be replaced then silver is going to have to go up to at minimum $300 per ounce. Probably a lot more.

>>12902195

Weight > numistic value

>>12906138

So buy and hold ltc this year, easy money next year

>>12890960
gold is dumping anon

>>12906348
Trump was literally complaining about how strong the dollar was at CPAC. Dollar gonna sell on Monday. Precious metals have been very strong the past few months, it's perfectly fine to cool off a bit. All news is still bullish on metals.

>>12902849
>muh quarters

>>12890960
why not just buy a leveraged gold ETF like one of these https://etfdb.com/themes/leveraged-gold-etfs/? Easy to buy/sell...you don't have to store it anywhere, and you can trade it from the comfort of your home. PLUS you don't have to worry about getting scammed.

>>12906397
That's over seven ounces of silver just in the junk quarters.

>>12906132
Cool, that sounds sweet.

>>12901705
Remember the autism level of the average /biz/ user

>>12892312
i just want to let everyone know that this is the best jackie chan movie he's ever made.

Also buy silver so when jp morgan stops manipulating it downwards you moon too.

>>12890983
>And it’s at historic lows.
I've been hearing this for years. Does it ever go up enough to make it better than a Muni fund

>>12892972
How do you figure. I'm genuinely interested this whole PM good No PM bad thing is fun to me and I like hearing both sides argue their points.

>>12891398
>I think I’ve lost my marbles.
no brother, you found your almonds

>>12907954
I don’t understand what that means.

>asteroid mining