/biz/ - Business & Finance

>>15823842
Fuck off boomer

>>15823898

>>15823868
good man

>>15823873
good man

>>15823898
dumb zoomer

Anybody here buy collectable fancy looking shit? I bought this earlier.

First colorized coin I've ever bought, hope it looks as cool as the pic. I also bought 15 grams of gold and 15 oz total of silver. Different dragon and Egypt themed coins

>>15823842
DO WE BUY BARS OR COINS????

>>15824040
both

>>15824040
Both and in varying weights/quantities

>>15824080
>>15824076
Is 100oz enough to make it?

>>15824094
I sure hope so.

>>15824094
I would try to push for 250oz

>>15824094
100×1000= 100,000

>>15824027
yeah I do, but only when I can scoop them up without a markup. don't pay a markup for what has the same spot price.

I have 6oz and one fell inside the couch and I can't retrieve it. Dont think I'm gonna make it

>>15823842
Imagine buying silver right now

>>15824257
you should! here's some info zoomer.

America produces about 800 million ounces of silver through mining per year, and that figure is dropping annually! on the other hand, we consume nearly one billion ounces per year! Considering silver has a myriad of market applications, and is used in medical and technological products that means its value is bound to balloon.

>>15824335
Here’s what I don’t get about the silver “manipulation story.” If it’s true, why doesn’t a hedge fund buy up a bunch and then break the comex’s back by demanding delivery. Easy 10x

>>15824378
I'm fairly sure that would be illegal

>>15824410
Why? Order the metal. Demand delivery. How is that illegal?

>>15824425
it has to do with how much you're buying and how quickly you're buying, also it has to do with intent, you're essentially doing the equivalent of inside trading, of course I could be absolutely wrong and a total retard

>>15823842
Can a /silver/ chad help a zoomer out? what are the chances of this actually paying out short term (next 1-5 years)?

I bought 200oz of silver and 5oz gold to see what the fuss is about. I thought it was a meme but there is something comfy about opening my safe and looking at all the coins and bars.

At the moment I am treating it like consumer items, I am buying for entertainment, not putting a serious amount of money into it. My parents made their wealth from property and a business. My dad laughed and basically called me a boomer when I told him I bought physical gold and silver.

doubt it'll pay out in the "short term", more likely in 5-10 years though.

>>15824867
That's a considerable amount of PMs you have, especially if you're in your early 20's like you've implied. If you've got money at that age put it into rock solid investments, like PMs, high dividend blue chips etc. So when you actually need to spend that money on a house or another asset 5+ years later, your purchasing power is the same if not better. Precious metals are definitely more of a long hold though. But who knows how the market will react once the correction takes place

>>15823842
Remember the bull run in precious metals started in 2000 it’s going for at least 30 years. The only reason it corrected 2011 to 2016 was markets believed Bernanke and Fed telling them QE temporary and interest rates will be normalized. This was BULLSHIT! and now the markets are starting to wake up to the fact its impossible without crashing equities 80%+. The Fed has already re implemented QE in a panic last week due repo market blowing out to interest rates of 10%.
If you don’t take this huge signal as a massive buying opportunity at the current price level your just not educated enough to make it yet.

>>15824027
Looks great . I have a few of these just for novelty sake.

>>15824867
this is what happened to me. i bought a little as a hedge only to realize it feels good to build the stack.

>>15824441
Didn't a couple of brothers try to corner the silver market and they got shut down?

>>15825162
Diversifying is the reason I even read the fuss about gold and silver in the first place. I only know crypto, got into it at 15 and started a crypto consultancy and brokerage at 18.

During the ATH I did the predicable young person move of spending all my gains on consumer products. (literally lived the meme- bought a sports car, leased luxury property and traveled around) had only a depreciating liability (BMW M3) to show for all the cash I pulled out of that crazy period.

This years bull market I was determined not to make the same mistake and so bought ASX-100 stocks, PM and cash in term deposits. Still unsure about property as I am scared of aussie market and scared of debt (not rich enough to buy outright)

Thanks in advance anon .Really appreciate any advice, as I have 0 experience in any of this.

why the demand for silver should increase?
What can it do that other metals can't do?

>>15825248
What is coin called and where can I get it dude? Thanks

>>15824027
I only buy series that change their design every year that has a very low premium over spot.
I've had success doing so. Some normie collectors decide they want to have complete sets etc and buy up earlier versions at a huge markup.
If you are young and have time to sit on it for say 10 years then yes, semi-numis makes sense if you know what to look for.

>>15824378
Isn't this exactly what happened with the hunt brothers in the 80s though?

>>15826257
Temptation of the succubus .. pheli mint

They are cool fren dudes ship all over world for little and fast delivery.

Here’s the flip side

>>15824378
Agreed . They just convicted Jp Morgan of spoofing the market . i e when a customer placed an order they would place further pre orders then cancel just before and short. So they really were fucking their customers up the arse.
But this is a trading manipulation. The price will only rise when actual physical buyers front up for delivery. It will happen though . It’s just when not if .

>>15824867
I would say take your money of stocks yesterday sell your house and rent. The economy has peaked. I’ve researched all of the CPI reports PMIs interest rates and talking heads who have predicted the last crash. The cracks are started to break open on this collapse. If I could afford it I’d take every penny out of stocks ready to buyback once it tanks 60%. Trust me please I beg you take most your money out of the stock market now.

>>15826599
Thanks fren May your coins bring you many a thot

come on guys why should I buy it?
Where is the demand for silver that can't be outperformed by other metals?

>>15824335
>Considering silver has a myriad of market applications, and is used in medical and technological products that means its value is bound to balloon.

Yeah same story for the last 10 years...

The bull market should finally resume next year though
:)

>>15827044
Your onto us aren’t you anon? I literally can’t do this anymore.
We mostly a group of Pajeet from discord trying to spoof the market to recover our losses from 2012.
This was our one last shot for village sewerage.
And yeah anon there is no such thing as Fed QE a total bullshit that Nick Ghear came up with.

This fucking thing is as dead as a dog in North Korea. if only I’d known
I could have just waited and make it with link like the rest of you
That’s it for me literally dumping my stack of 16 1 oz royal rupee semi silver composite at the Ranjeet coin shop Monday.
I urge the rest of you to cleanse your conscience , also please do not throw the waste acid on your sisters

Again:
Where is the demand for silver that can't be outperformed by other metals?

No answer.
Is this the same meme as institutional investors for bitcoin?
Why the fuc should they buy in bulv silver?
what if financial crisis is deflationary?
what if bitcoin is what PM were once?

>>15824378
that happened in the 80s, jews somehow determined it was (((illegal)))

>>15827484
pretty retarded senpai. Silver and gold are the only currency metals, their value is complementary since gold is too precious to be used for everyday transactions. PMs dont need institutional investors, they need a lack of confidence in fiat and the govt in general. A deflationary fincanial crisis would bankrupt the us and every corporation in an instant from the massive debt they have out. No one cares about your fake internet money

>>15826722
Things won't 'tank' so much, because they'll print so much things won't look so different to the average person

>>15823842
false dichotomy

Pms and crypto ftw

>>15827484
If you aren't in multiple asset vehicles you will never make it. So short sighted....

>>15827079
you're a retard, if you'd stepped out from under your rock you'd know we're still experiencing a .com bubble, the market has shifted from mining into the new shiny toys, and hasn't corrected to account for new possibilities. 10 years in investments is nothing, not that a child like you would realize that though.

>>15827484
the demand for silver, (other than in medical and technological fields) is in its complementary ratio to gold, generally the ratio of silver to gold is supposed to be around 15, that's standard, right now it's 86, shits whack, yo

>>15824378
COMEX can just change the rules.

>>15829117
If they do cash settlement they admit they are broken. If someone ordered the entire supply and paid up front it would be cash settlement at 10x or default.

Here's roughly what's going on in the broadest terms

Like a good chess player with a winning advantage, Russia and China are buying up gold and silver at these stupid cheap prices, whilst allowing the Dollar fiat scam to continue.

The Western powers will lose. However the elites running the Western powers don't care. They have no loyalty to The US, the UK and the EU countries.

China has made is clear they will not accept those elites when the shtf. The cannot return to Russia. Their 'homeland' is too small and would not afford them the power they think they're entitled to.

As such, they're aiming to destroy the native populations and remain as an elite cast in the West.

The current cancer of liberalism is one spectrum of their attack on Western nations. Another will be financial. Silver may protect you though they will do their damnedest to stop large amounts of non elites from profiting from it.

Hence the anti PM anti crypto propaganda

>>15829386
The COMEX is fraudulent every day. They should default on any day given they sell hundreds of times more contracts than they have metal for delivery.
They will make up some excuse and change the rules if someone tries to take delivery, whether people are awake enough to notice remains to be seen.
Also, any big player who tries to clear out the COMEX vault would be blacklisted by TPTB and charged with some BS and massive fine, no billionaire will take that path until the rules of the game break down.

>>15829787
I think part of this is retards not understanding what volume is. With algo traders the same "ounce" can trade hands 100s of times a day. Is there actually multiple claims on the same piece?

>>15829758
I had this completely unfounded theory to do with currency wars, that could China be trying to do a 180 and start increasing the value of their currency?

The last few decades it seems like every country in the world has been trying to devalue their currency and interest rates which makes exports and industry boom.

But what if when everyone jumps off the cliff to turn their currency into dogshit China puts on the handbrake and starts rapidly increasing the value of it currency? While it would destroy their manufacturing industry, It would also lift the networth of the entire country.

One way to do this I thought could be gold, by buying large amounts of gold their currency becomes stronger, also its a feed back loop, buying large amounts of gold drives the price up, and because their currency is tied with the gold it drives it up even further, allowing them to buy even more gold in turn.

>>15829935
When the time is right they will do this. Every other currency falling. Yuan on a stratospheric moon mission. Everyone will want Yuan. Their middle class will love it and suddenly they are the most wealthy nation on earth. Then the 1-2 punch. Back their currency by gold. New reserve currency, offshore USD comes flooding home and hyperinflation kicks in. This is the endgame if CHina can keep it going for a few more years.

>>15829758
this anon gets it

>>15829814
It's open contract ounces vs physical inventory, not trading volume.

See link, not a gold silver shill website btw.

https://www.google.ca/amp/s/seekingalpha.com/amp/article/1637552-comex-registered-gold-cover-ratios-hit-unprecedented-levels-over-50-claims-per-oz

>>15829968
How will they be able to counteract the effects of losing exports, and also they hold the most USD debt?

Or will it not matter when their middle class is the richest in the world and the average family can afford to buy a Lamborghini.

>>15824867

It will go steadily higher if the status quo is maintained. It will hold your wealth at a minimum if shit hits the fan. It will make you a fucking millionaire at maximum if shit hits the fan. Therefore you always win with silver.

Although I'm holding just few kilos. I'm mostly heavily invested in miners, because every small move in silver means 15% up for miners. Already 70% up with First Majestic and now I'm holding big positions in Hecla mining and GORO.

>>15827484

Can't be deflationary due to the huge deficits and debt, there is a high demand for debt monetization.

>>15830142
They will sell to their middle class. Strong yuan will make importing raw materials cheap and demand for their currency will pay them a communism dividend much like how the USD enjoys this as the reserve currency. Their USD debt will be the death blow. Like making the final sell order on an ERC20 shitcoin on a dex.

>>15824378
>why doesnt a hedge fund buy up
they all work together brainlet, run the same algorithms, business model etc. hedge funds are abysmal compared to the big guys, and those HF’s get marching orders from the top. No way they ever execute an order like that. Plus they make more shorting then they would ever make by buying up for a moonshot. They got physical already and they got their shorts and contracts in place, literally cannot lose.

>>15830329
This is bullshit. Inventory numbers say there is 300M in COMEX inventory right now. It would cost $6B to buy it all at market pricing. Assuming 100:1 that means there is actually 1M oz or $20M worth. Theres no way there isnt a retard with a hedge fund that could do basic research and figure it out. I call BS. Its probable retards not understanding what volume is that spawned this conspiracy theory.

>>15830418
>conspiracy theory
>what are futures derivatives
like clockwork, how stupid do you shills think the average reader of this board is?

>>15830552
JP Morgan has a huge physical long position at comex. 130+M oz. what’s your point.

>>15830576
>only 130m

https://youtu.be/wLqH12A9UT0

my point entirely, you don’t even know what you’re talking about. Market makers buy physical while also shorting. They are crooks that sell silver that doesnt even physically exist to keep price down. All through the futures, if longs demand delivery entire ponzi goes down as they don’t have enough physical to actually give. they won’t though because it’s all big time market manipulation. No commodity on the planet with such a bit short position. Geez i wonder why, not like USA determines the entire worlds market, not like the institutional money determines price of silver, not like they make money shorting, not like they want cheap physical to accumulate
DYOR, pic related is only a couple months old, its not $850, how much longer before this shit gets unveiled and people realize FED injects 100billion daily just to keep the ponzi afloat

>>15826239
it's the only metal that can be silver

>>15831063

Kek

>>15824040
Coins.
Bars have unreliable mass.

>>15832136
so just order some off amazon or drive over to the pawn shop?

>>15826239
Most conductive metal

>>15823842

Someone should just put together a Precious Metal General already and format it like the Stock Market General.

>>15825613
OY VEY! THE GOYIM ARE TRYING TO PROTECT THEIR WEALTH! SHUT IT DOWN!

>>15823842
is it worth buying silver? is the economy going to crash anytime soon?

>>15833670
https://usdebtclock.org/
We get closer every day

>>15824027
>>15824216
>>15825248


lol I'll give you spot for it.

>>15832136
>Bars have unreliable mass.

what are you stupid?

>>15825005
>more likely in 5-10 years though
5-10 years for a x5?

>>15833670
reminder that silver is an industrial metal and the future valuation is uncertain, especially in an economic downturn.

Reminder that these chicken littles are always around, screaming that the sky is about to fall. If you lived through Y2K you might have some perspective that when everyone is clamouring about the world ending soon, you should be very suspicious.

Reminder that hedging could be good for protection, but what are the chances these people are actually right about their "the end is nigh" shit right before rome falls?

>>15833781
Enjoy your 10oz (9.8oz) silver bars

>>15833989
If your 10 oz bars are 9.8 oz bars it’s not 9.8 oz of silver it’s 9.8 oz of fake and gay

>>15833989
Wow if only there were a way people could verify the weight of objects.
And reputable dealers like JM or Provident dont sell fakes.

Immagine buying this shit metal waiting 10 years for a x5 when you could have made money buying SP500 dips and biotech stocs gaining way more then a x5

Where should I be buying from?

>>15834284
They're not because I never bought them because I don't like getting scammed. I buy coins.

I’m trying to get into silver, but I’m still a little uncertain with taking the first steps. Do you usually buy in person or online? I recently moved from bumblefuck OK to NJ so buying in person is actually a feasible option now

>>15834521
Sdbullion is typically the cheapest. Apmex has the bestest variety. Ebay and Wish have the best fakes.

>>15834885
Buy fractional silver. Stick with Mercs and Benjis so that you'll know at a glance that its silver and you won't fuck up and spend them like you would Roosevelts or Washingtons. Go to any pawn shop and ask for junk silver. $1.40 of dimes, quarters, and halves is an ounce.

>>15834885
Get ASE’s and some 90% dimes

>>15835061
Peace Dollars are typically right around the same price as ASEs, also will have a greater numismatic value down the line. Just bring your scale and neodymium magnetic to weed out fakes. 26.7 grams is what you're looking for btw.

>>15829968
This is good
Great fucking insight anon.
I just wonder if they are actually that smart?
It is a bunch of elitist socialists running their shit too.
Look at the fuck up their making with Hong Kong

>>15832136
Not true 100 oz bars are reliable
They are bullion .
It’s the industrial ingots that are unreliable.
These are large slabs used in actual manufacturing

>>15833153
Great idea . As the PMs take off I can see the same retarded questions getting asked over and over by fucking brainlets and normies flooding in trying to make a quick buck..

>>15833755
Lol your a fucking pussy try hard kid
You ain’t even in my league you faggot
Here’s just a small fraction of my holdings
Stay in your lane BITCH

>>15834885
Go visit your local reputable mint anon talk to them

>>15835687
Nice collection. I'll give you 10 cents under spot for it.

immagine waiting 10 years for a x4 off silver when you can do a a x100 from biotech or other stocks

>be buying silver with credit
>have about 50oz
>50 x 18 = 900
>$900 x 3.5% = $31.5
thats a full fucking ounce and then some did i blew it?

>>15836947
eeh, I mean not really, especially considering the whole investment angle on silver is that itll enter a bull market and that 31 will be chump change, it's not great though, especially if you're using it as a savings vehicle.

>>15836740
what kind of pleb doesn't do both? Like, seriously does anyone actually silver stack s their one main thing? if you really want to be a boomer investor you do silver, gold, platinum, palladium, and the stock market, along with real estate.... I also personally do investment grade firearms but that's only half investment, I just really like them.

>>15836947
No, anything over 10z is retired tier. Literally no one owns physical anymore except the few high IQ truthers and banks of course. You just exchanged ponzi fiat for real wealth. I’d still be buying at $1000/oz silver
>>15835687
Those are nice by arent as liquid as ASE’s/90%
>>15836740
Not about the minimal ponzi fiat gains. We are buying for the infinite moon mission. You cannot put a price on money itself. One day you will be a fiat bagholder with no wealth and not 100, 000 of your euro’s could buy a single ounce. Not 10,000 shares could buy a single ounce.
All you need is physical and mining stocks to make it. Also we can literally not go down only up

>>15836989
it sure does feel good to have about 3k oz... if this ever hits like it may, I won't have to work another day, and my kids will be comfy as well.

>>15834885
look im gonna be the odd one out and say don't buy fractional, because fractional has a grater premium, unless of course it's something super cool )I have a bunch of monarch ancient egypt style rounds and also a replica bag of judas's 30 pieces of silver cus that's fuckin sweet) instead, buy what you can get closest to spot price

>>15836989
> braindead faggot spends a solid month saying link will dump to 0
> find him hiding in metal threads trying to make statements and give advice on other shit after it shot back up to $2+
HAHAHAHAHAHAHAHAHAH
AHAHAHAHAAHAHAHAHAAHAHAHAAH

>>15830693
>if longs demand delivery entire ponzi goes down as they don’t have enough physical to actually give. they won’t though because it’s all big time market manipulation


so youre saying longs are choosing not to make money by not demanding physical PM? that makes no sense and i knew your video was boomer apocalypse fanfiction before even seeing the thumbnail.

Retard here.
Circulated silver Washingtons trade really close to spot price of silver, it seems like it'd be a good method of accumulation. Are people bothering to fake these things? Is it safe to buy in small quantities off reputable sellers on ebay, or would it be better to go through some autism I'm not fully aware of?

Why silver went to 50$ in 2010?

>>15836989
>anything over 10z is retired tier. Literally no one owns physical anymore
but they hold mining companies that could gain way more than owning phisical silver without the hassle

>>15837314
Investors rightfully recognized FED QE would inflate money supply.
However many buyers fell for the lies and believed Bernanke and Yellen when the said QE was only temporary and interest rates would be normalized back to market rates (they even said this to congress) and it would be reversed.
It can not possibly be reversed of course ( without crashing equities and bonds and pushing interest rates to 10%+)
Now the FED has started QE again and is lowering interest rates back to zero and all that debt the FED has so far bought with QE is effectively monetized forever.
The market is just starting to awaken to this.
Why most in the market so stupid to believe that QE and zero interest rates could ever be reversed is a mystery to me.
But I’m grateful for the absolute gift from god this has been in allowing me to accumulate thousand of oz.

>>15836983
you can't diversify too much like a retard... you should bet on the big horse if you are young
I don't think silver is the big horse personally but will care to understand why biz meme it this much
At first impression it seems just a shiny rock forgotten by everyone that gat only hype in 2010
>''muh big players are accumulating''
how can you tell this? where are the proofs?
>silver industry demand
demand shold be there today too... but the price doesn't move

Wanna know when the price of a shiny rock like silver or gold could go up?
When Annunaki (the sumer gods) come back to earth to search for gold
Or if it's found that silver could cure cancer
or if it's found that silver is the only metal that can make quantum entailgment possible
But until then silver is only a shiny rock without use of case (the industrial demand it's not so high to justify the price incresing... if not then why doesn't moon NOW?)
>muh inflationary recession
we have bitcoin for that
in 2008 the price of precious metals went down with SP 500
In conclusion.... I would feel a retard holding PM in my house with all the downsides and the risks in a world where biotech is just borning and Amazon has shown that tech sector has outperformed boomer metal in EVERY. SINGLE. WAY

>>15825240
>Remember the bull run in precious metals started in 2000
Why did it started in 2000? Because of the dot.com buble burst?

>>15837446
You seem smart anon, I’m disappointed for you that you have come to an erroneous conclusion regarding the future of PMs.
You neglect ;
1.thousands of years of monetary history in doing so.
2.What actually defines “money”
3.How these elements were created and how scarce they are
4.One of the most important edicts of investment, as per Benjamin Graham’s The intelligent investor;
The participants in any market rarely price any asset at fair valuation (aka market ignorance/ greed + fear)
5. The human instinct :herding mentality
6. Valuations ( your AMZN stock has a p/e of 72!! )
7. Debt fuelled bubbles
8. market cycles: the cyclical cycle (5-10 years) and the secular cycle (20-40 years)
9 Contrarianism

>>15837637
Maybe I have missed the answer to this question... could you please repeat?

If the industrial demand it's so high to justify the price incresing... then why doesn't it moon NOW?

>>15837667
For every physical silver ounce there are twice as much paper silver, or something like that.

The increase in demand is therefor countered by the issuing of paper silver for investors.

Industry dont drive up price, they just buy, they dont speculate. Price is 17,60, they buy for that. Brokers see an increase two days in a row they buy for 1761 driving price up from 1760.

>>15837667
To fixate solely on industrial demand is myopic
The industrial demand of around >50% is a bonus .
This gives the precious metal not only value as “money” but it also has utility and as such always some inherent value (can not go to zero )
Your choosing to ignore its perpetual monetary link to gold.
That’s the key to its value .
It’s literally money.

The current price discovery is backwards; paper is driving physical.
If silver is underpriced, there will be a shortage at some point and silver will go up.
If silver is overpriced, it will never go anywhere.
Place your bets.

>>15837314
>>15837430

That's why there are people predicting triple-digit silver and I am completely sure it will happen with another official QE when the downturn comes.

>>15836740

It's the best position for now.
Embrace the currency wars and the slow death of fiat money.

>>15837800
>The current price discovery is backwards; paper is driving physical.

Why is it paper driving phisical?

>If silver is underpriced, there will be a shortage at some point and silver will go up.
what do you think? I it underpriced?

>>15838133
>Embrace the currency wars and the slow death of fiat money.
It's the best position for now if compared to the stock market ok... but I don't think currency will die... for example why has Warren Buffet a big position of his portfolio in
big banks and not in precious metals?
Do you wanna now more than Buffet that is one of (((them))) ?

In your model (fiat collpase) you assume that banks will not do good in incoming recession (you have said ''fiat collapse = banks failiure)

Then why why has Warren Buffet a big position of his portfolio in
big banks and not in precious metals?

>>15838287
Warren Buffet probly has a shit tonne of gold and is duping everyone just for kicks