/biz/ - Business & Finance

>Silver isn't going up ever and is going to sit at below the cost of mining it soon in 10 years

>>15782459
Nigga that story is bullshit lmfao. Buy silver and gold, get comfy soon.

https://en.wikipedia.org/wiki/Executive_Order_11110

>>15782459
Stay poor brain dead zooomer

>>15782481
>I again urge a revision in our silver policy to reflect the status of silver as a metal for which there is an expanding industrial demand. Except for its use in coins, silver serves no useful monetary function.

In 1961, at my direction, sales of silver were suspended by the Secretary of the Treasury. As further steps, I recommend repeal of those Acts that oblige the Treasury to support the price of silver; and repeal of the special 50-percent tax on transfers of interest in silver and authorization for the Federal Reserve System to issue notes in denominations of $1, so as to make possible the gradual withdrawal of silver certificates from circulation and the use of the silver thus released for coinage purposes. I urge the Congress to take prompt action on these recommended changes.

>>15782459
>pump silver
>think it will become currency again
were these guys retarded? the reason silver stopped being currency is, because it became too expensive.

>>15782503
Why are you reading these boring executive orders goy? Shouldn’t you be trying to coom. This is really boring you must be getting tired of reading outdated documents.

>>15782503
there is no industrial demand for silver you mongoloid. Anything can be made with silver can be made almost with any material except jwelleries.
Immagine also if science finds out a new atomic reaction made with other materials for example copper that let Quantum entanglement to happen.
Then your shiny rocs BTFO
an ETF in ALL metals mining would be a good choise if anything

Another thing silvertards don't even realize is that the US government started minting silver coins was to dump their massive supply of silver and get rid of it, not because they were getting off some sort of standard but because it was worthless and needed to dump their bags

>>15783006
>there is no industrial demand for silver
straight retarded. we couldnt have built nuclear weapons w/o it for one

>>15783030
even dumber post

>>15783006
kys

>>15783006
>there is no industrial demand for silver

There is a reason you will die poor

I started buying silver earlier this year and have 150oz so far. I originally planned to buy gold once the gold:silver ratio tightened but I must ask if it's worth saving some money from buying silver in order to buy so much as a single ounce of gold for the year.

>>15784375
Silver is undervalued and fucked over. Gold isn't as much. Silver is a better long term buy.

>>15784387
Okay. I thought so but wasn't sure. Sounds like I should just stay the course and not FOMO gold of all things.

>>15782459
Silver and Goldfags are the ultimate cringe I swear.

Unless you want to diversify and put some money into an undervalued mining company, turning to an asset that is already way over it's ATH both in terms of usage and actual worth is the cringiest, uncreative, most authistic pull that /biz actually farted out from itself in the last few years.

Why not straight out shill some pension funds, bonds, or you know what, some real, creative and tangible stuff, like funeral insurance, that would really suit you faggots.

>>15782532
So it was basically bitcoin?

>>15784454
>the ultimate cringe
is reddit spacing

hold some gold and some silver (preferably physical)
silver is nice, but its price is more constrained by production than gold.
Meaning, (as OP points out, with a historical example), silver cannot moon as hard as gold can because there are more proven deposits that can be mined cheaply (for prices in the $16-20/oz range).

hold some of both.
BUT, as always, owning revenue streams is the best. That can mean gold or silver miners, or other equities. Buying high quality stocks has always been the best investment, then you own a portion of the production.

>>15783030
Low IQ holy shit

>>15783006
>>15783030
You shills really think we dont know banks keep buying up silver?

>>15782459
All these fucking flat earther crypto retards with their 5 min old speculative shitcoins. Silver been money for 6000 years as well as one of the most important industrial elements.
You deserve what’s coming to you flotsam of humanity

>>15783006
>there is no industrial demand for silver you mongoloid

>>15783124
>>15785304
https://en.m.wikipedia.org/wiki/Free_silver

He's right.
>>15784459
Kek

>>15785381
>https://en.m.wikipedia.org/wiki/Free_silver
yeah for big banks
how do you think JPM managed to get a 800 million physical ounce position?
https://www.youtube.com/watch?v=wLqH12A9UT0

>>15785381
not gonna lie, these anti-silver propaganda illustrations are pretty funny

>>15785381
>Crime of 1873
>not knowing where the term "dollar" even comes from