/biz/ - Business & Finance

180

>>14541014
120k here (net family wealth). Avg buy in 15.5 usd

Getting fukking raped by gold and JPM rn, when will our time come bros. I want my 20x

>>14541014
Only 56 ;____;

>>14541035
so in case shtf do u intend to cut them into little pieces and use it as bargain or what other methods u got in mind

>>14541110
SHTF like in price or like civilization collapsing? If the former, I'd sell em back to an exchange or a local dealer. If the latter, well, I don't think I'd really have to do anything with them cause they're already worth a lunch at a nice restaurant for each of them.

8000 oz

>>14541229
>8000 EOZ

>>14541229
Fug.

last 10 years of silver looks like absolute dogshit.

>>14541014

Safely 250oz. I am shooting for 1k oz for my personal stack. Currently only at 180 though...

>>14541307
>tfw when fell hard for the 'endtimes, stock up on gold and silver' meme

>>14541049
Do all of you fags think I’m larping? Because I’m not.

The moment silver moons I’m rotating into link

>>14541110
"Junk" silver is used for fractional trade. I would pick up some 90% US dimes, quarters, and half dollars.

>>14541345
It's a limited resource being traded in an inflationary monetary system. The price is almost guaranteed to go up, and will enter a bubble sometime after gold runs back up to 2k.

>>14541445
i was believing this bullshit also before i realized silver is literally waste metal that is byproduct of other metals mining. it's price can go to near zero and the world will not know the difference.

>>14541445
paper contracts might be inflationary too

>>14541545
you don't need paper to get an exponentially increasing supply of meme metals

>>14541594
population growth capped metal productions increase each year, total supply increase each year monetary demand decrease for various reasons including crypto taking over the traditional role of metals.
if anything you should be shorting metals.

50

>>14541511
>>14541445

Silver had it's run-up in the 10 years before all the QE. The parabolic move to 40 was a headfake to make it seem like it was a monetary metal responding in an inflationary environment just to get suckers to buy in the 30s and languish away for all eternity thereafter.

>>14541406
>The moment silver moons I’m rotating into link

>>14541511
Lol you're a fucking mong if you truly believe this.

what the hell is going on with gold trading like some sort of crypto?

>>14541624
>if anything you should be shorting metals.
Nice try JPM employee.

>>14541656
i don't know about that, but silvers fundamentals look like absolute shit to me. that doesn't mean it can't see a speculative bubble but adding to that i can only sell it for 75% of the buy price (premium handling fees and vat), it really has to go up to even come near to be worth it to hold to any period of time.

>>14541594
>>14541594
Your missing the demand for silver from your graph to make it meaningful.
Paper contracts can be used to really fuck with the price.
https://www.goldbroker.com/news/paper-silver-market-250-times-size-physical-silver-market-526

>>14541594
>>14541624
“If anything you should be shorting metals”

incredibly cool story bro

>>14541867
whatever i'm just looking to break even and get rid of it, but still far from that.
i bought at around $13 spot it was a dip you would think i already made profit or anything but the truth is it would need to go over $20 on the spot for me to break even against gov bonds let alone real inflation unless i try to sell otc to a fool.

>>14541946
nah sorry 13 euros that's more like $14 with premium handling and fees and shipping it was more close to $16 a piece

>>14542037
It’s going to 500/oz within the next two years retard just hold

>>14541750
I think silver was a little joke played on conservatives to financially sequester them into a non-income-generating asset that will continue to go nowhere for the next few decades.

>>14541946
Stay poor you useless europoor fuck and your shit tier investing skillz

Can you not see the bubble? Keep stacking, slow but steady wins the race. Hedge with crypto and stocks and some cash reserve. Don’t be a fool. Stay the course.

i fell for the PM meme back in 2014 before I got into bitcoin. Listened to idiots like Peter Schiff who talked about the "imminent" collapse of the dollar (lol) and loaded up on silver and gold. In the intervening years the value of my PMs has remained pretty much flat. If I had put it into stocks or crytpo instead I'd be sitting pretty.

I'm thinking about getting out especially since I realize now that metals will never again be used as money and I should sell now before they lose all of their monetary value. but another problem with PMs is selling is such a pain. You have to take a huge hit on the spread, fees, etc. So if I were to sell I'd actually lose money. Plus unlike selling bitcoin I can't just send to an exchange digitally and sell minutes later. I have to either mail the coins somewhere, which involves risk, or take them to some dealer who will try to jew me on the price. Still, might be better to take the hit and get out now while I still can. PMs ain't ever going up again in any significant way

>>14542400
sobering isn't it
makes u think the people fucking with us knew what they were doing

>>14542062
bullshit i will never break even i know it.
but even if it went to $500 btc still made me more money in a few months than any other investment altogether this included.

>>14542080
i learned my lessons i'm not touching meme metals ever again. just let me exit them without loss and especially without fucking taxes of all things.

>>14542496
>tfw when you're halfway between boomer and millenial so you lost big with silver and won big with crypto

>>14542522
why would you pay taxes on a loss?

>>14541014
Should I invest in perfect graded silver pandas? I like how pandas look compared to the other Bullion coins except for maple leaf privys. Should I just get the ungraded pandas?

>>14542632
Do not get these graded. Ungraded.

>>14542688
Why not? I’m thinking about passive stacking about 1-2 of each year and then normal stacking ungraded pandas, maple leaf privy, Perth mint coins. I don’t like ASE except for the proofs.

>>14542590
well if you can't produce the receipt for your purchase they will assume you made 25% profit as default and have to pay taxes after that. gotta love the bureaucrats.

It's stupid to not have around 10% of your wealth in PM as a hedge against recession or stock market crash. Look at the price of gold during the last recession, insane.

>>14541511
Could go to $500/oz and few would notice just the same. It's a mostly a byproduct like you said, small impact on miner profitability. It's used in small amounts in industry, if Apple needs silver to make an iPhone they are buying silver regardless of price.
Price move would come from supply crunch as primary silver mines have not been able to survive lately due to low price, it's mostly coming as a byproduct.

>>14543093
SRS Rocco and other silver shills have been saying that same thing for years and years: "production crash! miner crunch! moon imminent!" and yet here we are still at $15/oz. Face it, silver isn't that valuable, and it has zero monetary value. There's zero chance of it going to $500/oz

all of these salty no-coiners are in for a rude awakening

>>14541723
It's true
90% of a gold mines pour waste metal is silver.

1000 oz to make it
t. 1700oz hodler boomer here

>>14543163

Could be, these sites all sell subscriptions or metal or reports. To me this looks like an asset near it's bottom price. I try to buy low sell high, usually get it right but sometimes I lose, we'll have to see what happens with silver.

>>14543163

>>14543341
Even if it hits 500/oz 1000 is not enough to make it, truth is you need about 20k to make it

>>14543341
you never have 5 years to "buy low". This is as high as it's gonna get

>>14543221
Can't wait for this to happen!

>>14543395
Good thing I'm patient.

How 2 sell coins without the tax leeches getting involved?

>>14543516
I d also like to know the answer to this. Anyone have any ideas on how to buy/sell without getting raped by the irs?

>>14541014
I've been stacking silver since I was 12

180 oz here and I'm comfy as fuck

>>14541014
+800 @ 17.26

>>14541345
the next 10 look worse for paper

>>14543395
tell us where you caught silver fucking your gf? was in it your own bed?

>>14543542
Craigslist maybe? Just meet somewhere safe

>>14544254
No fucking way would I risk that unless I was former military or some shit. Even then I probably wouldn’t

I think I’m literally gonna fly to Singapore and buy some there

>>14543542

Sales under 10k aren't reported to IRS I think...
No legal ways in the US, you would need to not declare it and hope you don't get caught.

>>14542632
thats a tough call. best advice ive heard against is that when spot price goes up, your % premium goes down. you gotta be on top of that shit. i got a stack of vaders im thinking bout selling because they are +100usd from a few months back.

>>14544335
>fly to Singapore and buy
bruh, you keep your metal there. you can buy anywhere

>>14543692
based

>>14544510
I want to see it irl so I know those gooks aren’t scamming me

I’m also gonna buy over a mil worth (not kidding)

>>14544956
those gooks are mighty fancy though...you cant even spit on the ground there.

>>14545013
I know, gonna be careful. Just get in and out. Have no desire to stay in Singapore Asian women are disgusting

>>14541797
>goldbroker.com
I can never take sources like this seriously. It's always organisations and individuals that make a living selling this stuff that make these arguments. Doesn't mean they're wrong, but they do have vested interests in getting us to buy.

>>14543542

Sell to coinshops, pawnshops for cash. There is a limit of $10k I think before they have to file a SAR.

>>14541594
The world population in 1955 was 2.8 billion
Silver production was about 7000 tones

Silver production 3xed
Population 2.6xed
Doesn't seem that bad, especially when you consider that world GDP more than 10xed in this time.

>>14541594

Good job, you looked at one chart and drew a completely facetious conclusion.

>>14545173
So what if I have 200k oz I want to offload for fiat? Do I just have to batch it into 20 different sells? And then there’s no taxes?

>>14545301

Spread it across stores and over time. It will take some logistics to make every haul over the course of a month but it is possible. Also consider the fact that if silver hits $100/oz, that will take a lot more trips... might want to consider biting the bullet and selling some for capital gains, at least cover your ass a bit.

>kek

80 ounces here
WHY THE FUCK WONT SILVER CATCH UP TO GOLD!?!

>>14546272
>fugazi fiat gains

>>14546272
also faggots the best hedge against a market downturn is treasuries. Gold is useful in a major collapse..which at that point bullets and bomb shelter would be 10x more useful.

>>14546347
>fiat is the best investment in a fiat downturn

>>14546272
>at first i was all
>>14546343
>but then i was like

>>14541014

600 ozt. Minimum would be 500 ozt. - the equivalent of a monster box of American Silver Eagles.

>>14546272
>>14546343
I would very much like to see the both of these updated to the current year

>>14546347
>treasuries

Ever notice how much traction silver threads get lately....

China will become the prevalent economic force this century whether we like it or not and when they get the upper hand they will demand payment in gold or silver

>>14547141
>when
like already. best tinfoil thought i heard was trump is blowing up all the trade deals to bring everything back home so we can go back on the gold standard. have to have balanced trade before we do that or it would be gold leaving

and why am i fascinated with this gimmick?

>>14546272
>chart cuts off 5 years before gold explodes upwards and stocks crash downwards

Hmmmm

>>14547141
China has major problems coming in the next few years.

>>14547141
Imagine actually believing this. China has MASSIVE systemic problems and they'll be lucky to not just implode in the next decade.

>>14542632
I buy silver pandas. They tend to go up in value year over year regardless of the silver price

>buy one ounce of silver
>wait half a century
>worth maybe three fiddy
>buy one bitcoin
>wait a decade
>millionaire

PMs are a hedge, not an investment.

>>14548744
No one is going to care about your imaginary internet tokens when the dollar gets killed off.

>>14548545
This. Chinese economic supremacy is a complete meme. They are fukt beyond repair

>>14545064
dont fucking actually go to singapore you mong just cuz some retardz on biz trolled you, buy from apmex

>>14542632
graded coins are a meme, buy buillion close to spot
ASE's are also a meme wheoever you eventually sell too will know what silver is don't be an idiot and pay premiums cuz of youtube memes

>>14549284
Why? I don’t want to get kiked by taxes. I’m also afraid of US gov confiscating my silver

>>14549317
just put it into a trust or self directed ira, stop being a kike yourself and get a financial advisor
or go to singapore and disappear i don't care

>>14549317
>I’m also afraid of US gov confiscating my silver
They're not going to come door-to-door to confiscate metals. Rven in 1933, they just went to the banks and took all of the gold there not door-to-door.

>>14549416
Even*

>>14541387
Literally the best asset you can hodl tho

>>14549358
Singapore is the safest country on the planet retard

>>14549416
Didn’t know this, thought they literally went door to door. But even if they don’t I’ll never the able to fucking sell it in that scenario

>>14541164
This. You're a smart man. Investing in silver can be a good idea, but when retards start larpign about total collapse, it becomes nigger-tier.

Literally the only good investment for a civilizational collapse is CHAINLINK. Where are my link marines?? Reply "JUST HODL" or your mother dies in her sleep

>>14541406
>Imagine thinking silver will moon.

>>14541511
This is the correct answer.

>>14543692
same dude

>>14543093
a 3200% increase in the price of silver won't affect the industrial usage of it (around 15%) ? sure buddy lol

>>14541511
literally silver FUD

>>14545212
exactky population growth capped hsrd silver mining didnt

>>14544335
lol dude just meet inside a high traffic starbucks - if you're really a pussy bring a friend with you too. I just sold the rest of my silver to some prepper guy through craigslist recently - was easy af. if it's not a rip off you'll get a lot of interested people calling at least in my area. just advertise it as them getting a better deal and you are getting a better deal as well which is actually true since you can bypass the jew shops

>>14545265
have you actually read youtr own chart? i see nothing bullish there.

>>14547669
wouldnt have changed much

>>14541014
gold miner here!
found 13 grams today while the weather was good! Excellent day digging bedrock, I only wish I was finding more nuggets not flack gold. Nuggets are so much nicer and easier to keep track of.

>>14541014
>20% VAT on Silver Bullion or coins in the United Kingdom
Why even live?

>>14551315
at least you don't need a license

>>14551489
still vat on bullion is highway robbery

>>14541014
>Tfw best scenario that happens is the US goes back to gold and silver for their monetary system and I become filthy fucking rich
>Tfw worse scenario is I have 150 oz of pure shiny metal I played like 2k for
Literally what downsides do I have?

>>14551668
crypto is best for getting rich right now, i dont hear people flipping government with 2k in silver

>>14551689
>Not having Link and Silver
Pleb

>>14551644
I agree, I feel bad for Brits

Is 17kg a good stack?

>>14551920
yes

>>14541014
silver is good fundamentally but its dead, theres no reason for it anymore and its not even used for legitimate debt reduction, its only use is collecting by faggots.
>gold is still in the law and has to be used and is used by governments (states of the usa, germany,india,china,sovereign central banks)

gold is king, frn fiat is for government assisted faggots and commies

>>14552027
>no reason for it anymore
>only use is collecting by faggots
The most fucking retarded post ive seen on 4chan EVER and ive been here since 06’
what the fuck do your think that technology you typed that on is made of?
Its called SILVER you fucking psuedo intellectual, brick level IQ, FUCKTARD!
silver is the most electrically conductive and thermally conductive metal IN EXISTENCE
technology is the future and technology NEEDS silver
Why the fuck do you think the biggest most powerful banks and nations STOCKPILE a “dead” metal?
Because they’re just faggots “collecting”
No, they realize the TRUE, PRICELESS value of silver in the longterm
KYS FAGGOT!

>>14552113
>This
Hilarious that recycling the silver from used devices is "not worth the trouble" at the moment. It's going to be hilarious when people start digging through landfills to find old used cell phones just to strip silver. Reminds me of dystopian sci-fi stuff and seems inevitable in the long run.

>>14552113
there are plenty of other metals to use, not even circuit based, solid state magnetic and crytalin structure are replacing ur gay metal. u dumb nigger. thats why it never boomed and wont. if u want to equate it to crypto its litecoin, a project that is old tech and has been dumped by everyone who can think because its been replaced by newer technology.

as i said, gold is the only thing valuable simply because its specified to be used in internation law to pay debt between counties. more banks are stacking gold than silver u dumb dumb cunt

>>14552113
based

where 2 cop silver in the uk?

>>14552027
gold will be worthless once they mine that giant fucking asteroid

>>14552189
lol everything but brains will be worthless if they can actually start mining an asteroid.

>the future competition is as weak as it is now lol

>>14552027
This is what a btc maximalist looks like

>>14552179
Filtered, you’re not even worth BTFO’ing you subhuman
>>14552156
I’d like to expand on this, because fuck it why not. Let me break down everything as I see it, through the research I’ve conducted.
Pretty much, the powers that be have set this up flawlessly, this plan is centuries old. They know the average retard doesn’t read books, let alone “boring” history books. Henceforth they will never come to grips of the importance of a metals backed currency that has undergone pendulum swings back and forth between a metals bartering society and a fiat batering society. All fiat currencies have failed and will fail, now is no different. Let alone, in the past 20 centuries silver has not been used or needed as much as it is today, and for most of that 2,000 year stretch, silver was practically only used as a means of currency with little to no industrial use. But now the finite silver is used in so many things, that of which are direly needed in everyday life.
This wasted silver is by design. Materialism is pushed by the powers that be, so that every year people need a new phone, a new computer, a new car etc etc, all of which silver is used in. Thus, year by year the overall finite supply of silver gets more and more scarce by the year. Banks undercut this natural supply and demand by acquiring a stranglehold on the futures derivatives market, determing the price of the physical metal as they see fit. It was supposed to be the opposite, the physical metal determining the futures. Thus the price is effectively suppressed and controlled.

>>14552156
Banks short silver while at the same time buying up physical, its a con job, keeping the price low hits 3 birds with one stone. Lets them accumulate more at low prices, while also diminishing and dissuading everyday investors who see how cheap and stable it is thinking they’ll never get a ROI. Most importantly though it puts silver miners out of business thus banks take the place of privately owned mining companies, opening up miners or even outright buying mining companies, both of which they now own. People usually only buy something that goes up, not a crabbing chart.
90% above ground silver already mined
9:1 silver to gold mining ratio
90+:1 buying power ratio
The first commodity is a finite supply, high use case commodity used in everyday technology that is unequivocally essential for the future of the world as a whole as we see it
The second commodity is infinite supply, in-fact it grows on trees and has no industrial use cases and is not needed for the future of the world.
The first is priced at $15/oz
The second is priced at over $200/oz
The first is silver
The second is weed
This analogy shows the clownworld for what it truly is, and exposes the everyday clown who is so fogged out he cannot contemplate the future whatsoever.
Just like the dwindling supply they created, this drugged up society is by design as well, makes them like dogs, only living in the moment and waiting for their next dopamine hit.
elites plan is ingenious honestly, when silver moons to unfathomable heights (and it will, it’s guaranteed) naysayers and normies will BTFO’d beyond comprehension, and the banks will have established an eternal dominance on the future and their own wealth. Not one person can beat them, not even a massive group can, their indoctrination runs far too deep and its too late. Whats not too late is becoming rich as shit with them, the saying goes, if you can’t beat them, join them.

>>14552763
>>14552792
saved

>>14541594
Silver gets destroyed in industry more than it's produced, it goes into electronic devices in tiny amounts to the point where it's uneconomical to extract and goes to landfill, removing it from circulation forever

This is most of what I have in silver.

>>14553654
3kg bar of silver
damn wow

Honest answer please: why do buy silver instead of gold?
What about asteroid mining?

>>14554544
>What about asteroid mining?

>>14552763
>Banks undercut this natural supply and demand by acquiring a stranglehold on the futures derivatives market, determing the price of the physical metal as they see fit. It was supposed to be the opposite, the physical metal determining the futures. Thus the price is effectively suppressed and controlled.
Every Anon Should Understand This Fact

>>14554596
why silver and not gold?

>>14554731
the ratio man. in ground is 10ish to 1. for sale its over 90 to 1. buy now, silver goes back to 40 to 1 and you get way more value. later man i gotta get in my wage cage

>>14554731

>>14554834
Thanks for this anon! That poster is correct on all points, and his points are all reasons plus a few of my own, that I am stacking silver mostly.

>>14554834
*slow clap*

>>14552792
Is their proof banks are buying miners?

>>14554816
where to buy and where to stake all the silver coins?
I'd assume etf is not an argument, oder?

>>14552792
I can’t smoke silver dude

silver is for faggots and poor people
you dont see central banks stacking silver if you nomsayin

>>14556680
Somewhat ironic considering the Bank of England sold their gold holdings at the lowest possible point in the early 2000s, but ok

>>14542400
If you have such a huge stack, why not just become the jew? Use it as backing to become a dealer and profit off of people making the same mistake you did.

>>14541511
This is the most retarded comment I've ever read, even by 4chan standards.

bömp

>>14541014
1488 ounces will do