/biz/ - Business & Finance

>>14700057
I keep stacking that silver! It's going to pay off soon!

What use does silver have?
Why should the price go up?

>>14700138
>What use does silver have?
GET OUT NOW!

>>14700057
Firstly, look at the historical price of silver. Pic Related. Crappy long-term returns. (And remember, there was a lot of inflation over this period). Your best long-term returns are going to be in the US stock market. Or your own (well-managed) business

>invest in Bitcoin and maaaybe reach 10x in a fiat/bank collapse.
>100x in a fiat/bank collapse, you invest in shiny rock
Secondly, both of these are ridiculous fantasies. Bitcoin isn't about "fiat collapse". It's magic internet money. And even in a fiat collapse, silver won't 100x - that would make it more valuable that Gold is right now.

>10x spikes in short periods of time
That has never happened. The closest you'll get is about 1970 to about 1980. Which isn't a short period of time, and is just barely a 10x spike.

>Has shiny features which makes it attractive as ornaments.
So does lots of stuff. Especially with modern chemical technology.

>>14700138
everything, the machines that tell you bitcoin exists are all made with silver. The medical industry is going to be buying insane amounts of silver as its one of the only antibiotics that doesnt loose potency. No new major silver mines have come into production in the last 10 years and global consumption of silver is far outstripping production.

>>14700057
It would take me at least 10 years, maybe 20 or 30, to "make it" if I did nothing but invest in silver. I don't have that much time left.

Don't worry. Boomers are busy sabotaging Bitcoin in this very moment.

>>14700190
The precious metal market is manipulated using printed fiat paper just like BTC is >>14700202

>>14700057
>Daily reminder that [goldbug screeching]

daily reminder that if you believe that dirt is valuable you are a drooling mongoloid.

>>14700190
>Stocks

>>14700194
Thats because mining in general is so unprofitable. But it price of assets like silver became higher in value then it becomes profitable again. Russia and africa have a shitload of natural resources

>>14700057
In a previous life i was a big time silver supporter. That was before I learned exactly what the effects of 'demonetization' were. Specifically S2F ratio for silver have fallen to 3. (Compared to 50 for gold)....
Sadly the price is never going to rise with the ratio being this low....without either (a) severe disruption to supply chain or (b) some how stocks building to higher levels (industry stops using?)

>>14700248
>DAAAAAA JOOOOOZ
Have Saxaphone.

>>14700261
Over the long-run, stocks have better long-term returns that any other asset class. Including real-estate, bonds, gold, silver, et cetera.

>>14700194
>everything, the machines that tell you bitcoin exists are all made with silver
no, theyre made of silicon. the absolute state of metal hoarders... stay poor faggot, imagine knowing about crypto and holding metal instead... ffs...

>>14700288
Silver is used in a lot of electronics. Including most computers.

(Silicon, too, obviously. You can use multiple metals in one computer)

>>14700190
>It's magic internet money
Thanks for the clarification, just bought $100k.
Now that you clarified it's utility I feel comfy with it as a long term investment, it's cheap now!

>>14700194
What you've failed to understand is how mining works.

There is an absolute fuckton of silver in the ground, in tailings, in waste dumps, because it may not be high enough grade and is not economically viable to do anything with it.

If the price WERE to go up, there would be an increased amount of production because the grade which is needed to make a profit would decrease and companies would do something about it.

>>14700338
>magic internet money
It's a meme. But seriously, I was pointing out that bitcoin is useful on the internet, and not very useful in a lot of other stuff. You don't need bitcoin to pay someone on craigslist. Use cash. But paying someone you never met - bitcoin may be useful.

>I feel comfy with it as a long term investment
I'm not sure that bitcoin is a good "long term investment". It doesn't have any intrinsic value, exactly.

>>14700288
yeah its just all sikicon theres nothing else r'tard

>>14700288
Silver is heavily used in solar panels and missiles

It’s irreplaceable because it’s rhe best conductor element

>>14700270
Question do you believeJPM will just let there 800mil oz silver hoed never moon?

>>14700548
Its not a question really of what I think about how competent JPM is...their 800m stack doesn't even represent a year of supply.
Moreover the 'scrap' market represents several decades of supply...so the point is if price starts to rise significantly that scrap is all being melted down...this will add massively to supply and thus keep a lid on prices.
Again, I'm not anti-silver...however I do note that silver-bugs have been preaching its coming again since the hunt brothers...for 40 years we've been told that silver is going to moon again any day now...meanwhile S2F ratio for silver has fallen from 30:1 to 3:1 in that timeframe.

The thing is, I'm not worried about price
I'm never selling

>>14700190
Thanks for the graph. This shows exactly what is best about investing in silver and gold. As you can see form the chart, every time there is a recession the precious metal market skyrockets. If you smell a recession
HINT: there seems to be one coming soon
(check the yield curve)
then buy bags of silver/gold and sell after the recession hits for huge gains.

>>14700786
Enjoy getting 2x in 15 years while crypto goes 100x within 2.

>>14701494
enjoy buying high and selling low

where do you even buy

>>14701923
Jewelers, pawn shops, certain banks, there's a lot of places that trade in bullion

>>14700190
sip*
Yup, buy those seven shares of amazon. Slow and steady wins the race my father always said, then he had a nice retirement at the age of 85.
sip*
noice

>>14701923
local coin shop, apmex, jmbullion, sdbullion
idk about outside the us though

>>14702039
>>14702103
Nice one frends. Antique stores a good option? Is there difference in the quality of silvers, and are there any key points to ask the seller when purchasing?

I assume the idea is to hold until you either weigh in or smelt, rite?

>>14702377
I would stick with 1 troy ounce coins. or 10+ oz. bars. They have the purity printed on them at the time of smelting. It is rather accurate.

As i said in a previous post. You want to buy silver when the economy is ramping up and in full swing. then, sell when the economy tanks. You can look at price charts for silver and gold and find that when we are in a recession, bullion spikes hard. but as always DYOR