/biz/ - Business & Finance

Silver markets are tiny, and so they are very manipulated, some even say that silver is better investment that gold

Jim Sinclair-Silver Will Be Gold On Steroids In Coming Rally

Renowned gold expert Jim Sinclair stands by his prediction last year of an eventual gold price of $50,000 per ounce. Sinclair explains, “You have to understand we are going into unprecedented deflation, and it’s the reaction of central banks around the world to the concept of deflation that brings about hyperinflation. . . . There will be debt monetization of all kinds of debt to maintain some sort of equilibrium. The price of gold is going to go to a level that is going to surprise everybody. I was told that this is a rally that you won’t sell. That means gold will go to a level and not react violently down from that level. . . . This is when gold is going to levels that today are considered more mental illness than monetary analysis. Silver is best understood as gold on steroids because whatever potential and direction is taken up by gold, silver will be multiplied by 2 or by 5. . . .Silver will outperform gold.”

https://www.youtube.com/watch?v=u7tTdO6oxUA

50K per oz I'd be living the dream

another delusional schizo rock thread

>>15264907
>Gold goes up but the purchasing power of the dollar remains the same

>>15264907

well, look what happened Bitcoin, some say when it was $ 1, that it doesnt go higher

then it went to $ 20 000

when/if fiat currencies coming worthless because central banks action, majority of people buy gold, and when gold become very expensive rest buy silver

look at this, its says

US dollar to Gold ratio now $ 5958
and
US dollar to Silver ratio now $ 725

https://www.usdebtclock.org/


US dollar

look at this, its says

US dollar to Gold ratio now $ 5958
and
US dollar to Silver ratio now $ 725

https://www.usdebtclock.org/

>>15265134
And that doesn't account for unfunded liabilities.

>>15264788
COMPLACENCY

>>15264934

/biz/ is now a metals board
GTFO

>>15264788
so if I'm a futures trader would it be a good call to long gold and silver?
I own about 60lbs gold/silver but daddy always wants more

>>15265249

get physical metal.
banks are going to fail in the next crash.
your contracts will burn with them.

>>15265187
dude we are at a foot of a recession there is no way Gold is going to go down any time soon

It has now been proven that gold is the only reliable store of value. Bitcoin is dead. If you are smart, get into gold while you still can.

>>15264934
GTFO, gold is /ourcoin/ now

>>15265292
It's too overpriced in comparison to other precious metals and the fact that people are so optimistic for decades and shilling it on every ad on boomer tv right now because of an alleged recession would be a time to sell for me. I could be wrong, have no skin in the game. But the fact nobody even expects it makes it suspicious.

Unironically bullish on btc

>>15264788
You write like an Indian. Why do you folk always leave out "the" in sentences?

>>15265498
inflation

>>15265134
What does that mean? If that's the ratio why can I buy an American Eagle for $19?

>>15264883
>concept of deflation that brings about hyperinflation.
This guy is full on nutters.

>>15266612
Shit can dump even when there's inflation. The cost to mine gold is $1k per ounce, so there's room downwards.

>>15266593
Why you no find safe heaven your wealth?

>>15265498
>It's too overpriced in comparison to other precious metals
It is the cheapest to transport and store

>>15264934
Good try goldberg

>>15264788
>>15264883
Based and redpilled and high IQ
>>15264934
t. kike shill
>>15266725
Probably the stupidest post ive seen in weeks. To defend against a recession banks, go on a printing spree and do quantitative easing, and give bail outs to crooks and shit businesses. Then we go hyperinflation mode. Consider buying a rope, shitskin.

>>15266934
t. has huge bags of gold and want to shill it to others

>>15267004
stupid faggot i bought most of my stack back in 98-99’ at <$300. Im now up over $1,200 on each ounce.
Gold cannot be a bag because it is money.
Enjoy losing 99% on your shitcoin “investment” in a singld hour, minimum wage sub $1,000 net worth retard.

>>15267121
>t. is now really angry because i hit a nerve

>>15267121
>back in 98-99’
gee you are so old no offense

>>15264788
Too bad BTC is easier to buy, store, hide, and it keep track of. Otherwise Gold probably would do that

>>15268203
>store, hide, and it keep track of
if you forget a password gold doesn't disappear forever

>>15268439
yeah but if a nigger breaks into your house it is

>>15268459
1. you think i live around animals
2. you think im unarmed

>>15268483
>Waits for you to leave your house

Nothing personnel kid

>>15268459
>Can’t think of an elaborate secret place to hide his PM’s

>>15268516
*house burns down*

How do you buy dumb rocks online? I've wanted to buy gold in the past but searching for it only gives results for sites that look like scams. Then you get flooded with ads for "SELL ME YOUR SHITTY JEWELERY".

>>15268529
Metals will still do well compared to your secret cash stash hidden under the mattress

>>15268541
I use APMEX

>>15268544
> compared to your secret cash stash hidden under the mattress

my what?

>>15268529
They make fireproof safes my mans

>>15268595
I wouldn't trust a "fireproof" safe with my enemy's money

>>15268541
JM Bullion has been good for me. Free shipping for orders over $100.

>>15268609
Well they work.

>>15268612
>>15268545
Thanks bros, let's make these moon rocks

>>15267004
You sound like one of those people that keep insisting there will be an alt season....we are trying to help you.

>>15264934
Didn't I tell you to fuck off yesterday?

>>15268459
>he doesn't store it in non-obvious places where niggers would never be smart enough to look
You're really giving niggers credit here mate

>>15268483
cool, you think I can't remember a string of characters? lmfao

>>15267121
another good JPM quote:
>If I should attempt to tell where the money is in every transaction I make, I should have a hard time of it.
long monero gold silver guns food and ammo

>>15264788
Black Rock ETF teleports behind you, heh heh heh... nothing personal kid.

Starts selling millions of tons worth of Gold and Silver ETF's.

>>15264936
Imagine making bank only have to spend 1k for a loaf of bread lol

>>15268529
Gold doesn't burn dumbass.

>>15269552
Gold can burn in a star furnace

>>15266729
shit can also go to 12k in a currency crises.....do you know what a credit cycle is???? do you know where we are in one??

>>15268516
car accident or gunshot is more relevant risk

>>15266640
Because for each physical oz you have 180 paper oz existing traded on the exchange market.
180:1
This is the most manipulated asset in the world.

anyone else here actually excited for negative interest rates? getting paid to borrow money? sound dank

>>15270446
but what if it stays manipulated your whole life

>>15264883
Who else ready for $500 silver?

>>15270446
Ever heard of crypto?

>>15266640
the constitution said a dollar was to be a specific weight of silver or gold but we monopoly money now

>>15269365
>Imagine not making bank and starving

>>15270446
How can they even do that? How is this legal?

>>15271373
its not
https://thedailycoin.org/2018/10/02/another-bank-fined-for-rigging-the-gold-and-silver-markets/

https://www.cnbc.com/2018/11/06/ex-jp-morgan-trader-pleads-guilty-to-manipulating-metals-markets.html

>>15271373
Because they set the rules and therefore can do whatever the fuck they want.
See the Hunt story in 1979.
https://www.youtube.com/watch?v=Zci9z_gLMrQ

They were super bullish on silver and monopolizing the market to the point that they were putting the squeeze on short positions held by other commodity traders. Commodity traders in bed with the commodity exchanges who repeatedly changed the rules on taking delivery and contract amounts. The did this just enough to keep the shorts afloat until the Hunts got margin called and lost the lot.
This only happened because the game was rigged in favor of one party. Had the hunts been allowed to purchase as many contracts as the wanted, they would have btfo of all short positions and the price would have gone parabolic.

Even billionaires get played. There's always a bigger fish as they say

>>15271245
I am.

>>15270446
So, in conclusion, I should start buying physical silver and wait for the currency crisis to swing into full effect?

>>15271570
be prepared to wait though, i have been for almost 10 years
>the market can be irrational longer than you can stay solvent

btc silver and gold are literally 0% risk and 100% going to pump hard when these retarded bonds start giving out the worst interest in the history of mankind

Imagine trying to save your money from hyperinflation by buying a worthless metal that has 0 use in today’s technologically advanced world. BTC has 18 decimal places, more places accept BTC vs gold. You can’t even buy a loaf of bread without converting your gold to fiat and then back to gold in order to avoid losing more money. Gold is unironically a thing of the past lol. Fucking Stone Age tech.

15271901
your mom said you push rope. i believe her the way you cut bait

>>15271901
This

Just having to go through the process of moving and selling your physical gold in person any time you want to buy anything is completely impractical in the digital age. Not to mention moon/asteroid mining probably profitable in less than 30 years. This will be the last recession PM's will do well. Remember to take profit

>>15271901
>>15272057
got a permit for all the fudd?

>>15272057
>Not to mention moon/asteroid mining

>>15272139
Imagine discarding it as a real possibility

>>15272173
Problem with that fud is, its to far ahead in the future and with such technological advancement to mine a rock, why would they do it, why not build a colony on mars?

>>15272173
>not knowing commercial space flight is gonna moon platinum group metals
>positive feed back loops if it happens

>>15264788
Gold is not an investment you morons.
It’s a hedge against risk and inflation.

Even if gold soars you won’t be able to liquidate it and cash out, not if you own physical gold that is, and paper gold is a scam.

>>15272222
>Even if gold soars you won’t be able to liquidate it and cash out
Nobody buys them?

>>15272222
Checked except instead of shilling gold you just made looks a Ponzi scheme like the housing bubble

>>15272270
please rephrase that sentence

>>15272277
No, I forgot an “it”. So kys

>>15272183
I think you're overestimating how hard it would be and underestimating a few decades of technological advancement. Like I said I don't think PM's are going anywhere yet but you can't keep everyone's confidence in the gold standard when you know there's a supply boom creeping around the corner. But basically we're arguing on time, my guess is 30 years what's yours?

>>15272183
And people will do whatever is most profitable, I doubt colonies will be profitable anytime soon

>>15272303
So....what makes you think we can even locate asteroids that actually have gold

>>15272333
By that logic gold will be worth more than today for it to be profitable for people to mine asteroid. In that case I suggest by now to dump on scrubs later.

>>15272173
>not knowing earth is flat
kill yourself zoomer

>>15271206
Thats a risk we are willing to take.
Every day a new goyim wakes up from the matrix. At this point though I don’t see why that have accumulated so much physical, unless they plan on pumping. I give it under 5 years before we omegapump.
>>15271373
No its not legal, but they can do it because they can do whatever they want, they are the (((market makers))) for a reason.

>>15271570
Yep
>>15271759
Thats nothing ive been waiting almost 3 decades now

>>15272361
https://bigthink.com/surprising-science/space-miners-race-to-an-asteroid-worth-quintillions

>>15272365
It can be half of what it is now and still be profitable as long as there's enough to be harvested/find a way to dramatically bring down fuel costs which I think is possible. But some anons calling for 50k gold in this thread would only push the tech out faster

>>15272173
>>15272303
Kill yourselves kikes

>>15272439
Your argument has too much if. I believe someone pointed out Moore’s law has now slow down, so our technological advancement has dramatically slow down in this century. We haven’t even created commercial quantum computer yet, and if gold can be the catalyst for human advancement I say fuck yea. 50k can be possible given the purchase power of dollar losing over time, I will not be surprise if this is the case in the future.

Why nobody told me silver has 3.5% buy/sell spread I already lose -3.5% by the second AAAHHHHHHHH

>>15272299
Even if you add an it your sentence still has a stroke

>cuck rock
>fedora nugget

>>15272575
Mate I’m not fucking writing an essay to present it to you. If don’t understand it then you don’t need to reply otherwise head your way to reddit you fucking retarded boomer.

>>15272509
I'm no expert on the subject but if nasa and the private sector are already spending billions looking into it I don't think it's because the industry is 100+ years away from becoming profitable. Not really a matter of if just when

>>15272635
you're retarded if you believe anything that comes out of nasa

>>15272664
Are you unironically a flat earther?

>>15272686
yes

>>15272700
yikes

>>15272729
>yikes

>>15272635
Can’t say I’m an expert either but nasa hasn’t really been doing much since the moon landing. They’ve been off with their predictions and have wasting billions to throw satellites into space to do useless research. They’ve even outsourced their work to the like of Elon musk to waste more money.

>>15272583
>soi element

>>15272738
>believes in flat earth
>calls out people on phrasing
oofyikes, sweety friendo, YOU ARE NOT WELCOME HERE

>>15272738
Wow you really hurt me with that hurtful image. If you're seriously a flat earther you need professional help. Seek it

>>15272686
>Doesn't know NASA is just another scam to siphon money from tax payers and destroy faith in Jesus Christ

Oh boy... Imagine unironically not believing in the dome

>>15272600
sorry lol

>>15272742
Whether they're late or not I think we'll have a far better understanding of 16 psyche or at least the moon's composition by 2030 and when we can start to make accurate financial models it will put a hard ceiling on gold's price which will continue to get lower with more efficient tech. Or not if we find negligible amounts. It's all a gamble but at least with bitcoin you're not gambling on supply

>>15272762
you think gold and silver are so worthless that we're going to be sending people into "outer space" to go mine for it
I think you're the one who should seek professional help

>>15264788
Why buy gold when Cruzbit is assured to bring 500% better gains? Wacky boomers.

>>15272939
We will be mining several different useful metals. Gold, while being useless, will be mined as a byproduct if there's a market for it

>>15272254
those rich enough to buy gold at 10k per ounce will prob have bought their stack already and unless you are carrying around a scale and a precision cutting device you wont be able to sell small quantities of it for everyday use.

So you are stuck with an asset that has no practical divisibility (unless you are able to melt your own bullions and weigh them as fractions of an ounce) and no liquidity.

In other words, gold is a hedge and a means to store wealth.

This is the same historical reason ppl stopped carrying around gold coins and started trading with gold titles aka paper money.

>>15272967
>We will be mining several different useful metals

>>15273181
go to bed flat eather

>>15273261
kill yourself zoomer

>>15266593
kek, Fuck all the pajits

>>15273522
does your mom know?

>>15271901
Yupp, it have already like 8 trillion marketcap, i wonder if it ever hits even 2x because in the future people will mine it from asteroids and other places in space. BTC is the real thing that will still rocket very hard.

>>15273615
yes, she knows you're a faggot

500K by end of 2020, if a fake digital meme token can moon, actual value like gold will easily be going to 500k.

>>15267121

Based Peter Schiff poster

>>15271759
>buying in weights above 10oz

good luck unloading that.

the rich already left the casino morons.

In 2018 as interest rates rose, stock and real estate markets fell. Its been reported that between october 1 and 14, 2018 an estimated $6 trillion evaporated from global capital markets.

mommy and daddy are gonna lose agian like 2008 theyre gonna desperatly jump into cryptocurrencies when ETF are available.

>>15273950
You need to tell her. Maybe she can get you the help. Must be hell being a schizo

>>15274212
>Must be hell being a schizo
I wouldn't know, I'm not Jewish

>>15266934
One obvious problem with that hypothesis is that it didn't cause hyperinflation last time!

It won't cause hyperinflation in future either. At worst it will cause competitive devaluation, which prevents hyperinflation. More likely it will have no effect, as it's not a very effective way of getting more money into the real economy.

>>15271492

Stop being so anti semitic. The right people own the banks.