/biz/ - Business & Finance

>>16241281
Bump for knowledge. Planning on buying my first silver bars friday and would like to know how long I have to accumulate

>>16241347
At best a few years
At worst a few months.

My eagles won’t fucking be here until Saturday

>>16241356
That works! Any estimates on bitcoin fren?

Within 6 months

>>16241398
I don't give a shit about btc, I only hold LINK. You would be wise to do the same.

>>16241411
Ah I see. Later stinky

>>16241281
You’re a retard.

>>16241390
>>16241281

Also considering investing in some metals. Where are you buying from?

>>16241281
op, do you know 200 silver has been larped about since at least 2006? you guys are fucking more delusional than bsv tards

>>16241418
Just think about it like this. If we didn't depend on fossil fuels, who the fuck would still want to mine btc?
Miners are having a hard time profiting for the last year and I don't see it getting much better even with a halvening.

>>16241430
The one day it happens tho...we will live like Kings and you’ll be on the street

That’s non-linearity for you

you need to sell the top of silver because production will catch any increase in demand pretty fast.

just buy gold

>>16241418
Also you use the LINK to get more silver dingus.

The US Mint is releasing the 2019-S enhanced reverse proof silver eagle tomorrow at 12pm. They will sell out in the first 3-5 minutes if the website doesn't crash.

Definitely pick some up if you can, I have 40 accounts ready.

They are pre-saling on eBay for between $500-$600. Graded 70s are between $2k-$3k.

>>16241443
Not necessarily. Not as much silver is mined as you think. And not much left like everyone thinks.

>>16241464
Sounds retarded, who the hell trades collectable coins besides old ass boomers?

>>16241438
price of silver 1965 = $1.38
price of silver 2019 = $17.01
implied growth rate = 4.76%
therefore, silver should break the $200 mark at or around Dec 6, 2072.

theres your answer.

>>16241477
Boomers and old folks who don't know what they're buying absorb this stuff.

This is the lowest mintage eagle since the 1995 W proof eagle. Graded 70s in those go for $20k-$30k. The U.S. mint is putting out free money for you if you know what you're doing.

>>16241427
Not them but I typically buy bars from JMBullion. They’re a gigantic silver bullion company. If you do buy from them watch what price they have their stuff at because they update it periodically based on silver price.

>>16241499
I'd like to add the Chinese silver and gold pandas are coming out soon too. Get some of those if you can.

>>16241499
too much work. How long would it take you to sell it?

>>16241487
>prices move in a straight line

>>16241537
Stinky smelly mexican.

>>16241528
Those things are overpriced garbage. I only buy a few a year now only because I started a small collection of them before they changed them from 1 oz to 30 grams.

>>16241487
Price of silver in 2011 = $45 an ounce
Just cut your estimate in half, but more importantly showed you’re a retard

>>16241521
>>16241427
Also they sell most precious metals including gold, platinum, and I believe palladium too.

>>16241531
You can turn them over upon day of receipt on eBay. Just look at all the presales already: https://www.ebay.com/sch/i.html?_nkw=2019+s+enhanced+reverse+proof+silver+eagle&_trksid=p2380057.m4084.l1313.TR4.TRC1.A0.H0.X2019+s+enhanced+reverse+proof+s.TRS0

It's $65 from the mint. Insane profit margin.

>>16241487
1$ in 1965 is about as 7.5$ today

>>16241427
>>16241521
be careful, JMB is enforcing sales tax in a number of states, if they try to charge you sales tax, visit liberty coin or dbs coins, they are California based and won't charge you sales tax

>>16241547
Yeah because you probably buy them from a dealer who is taking advantage of exactly what I'm telling you to do.

Get them directly from the mint and resell them.

>>16241561
Pants on head retarded.
I'll just hold my linkies.

>>16241564
also $1 in 1965 contained about .8 oz of silver. therefore its reasonable to conclude silver is a good metric to compute real inflation with. but the silver moon tards that think its going to shoot to $200 are delusional.

>>16241561
Might get 1 for the lulz.

>>16241427
Apmex for me

>>16241622
I really liked APMEX, but like JMB, they are also enforcing sales tax in my state. Fuck South Dakota v. Wayfair and SCOTUS

>>16241621
Decided not to, I already spent a lot of my spending money. Ah well. I did make an account with the us mint though.

>>16241464
based
is there a website or something I can follow to watch for valuable usmint releases, or is that just something you have to figure out on your own?

>>16241599
That was also before Nixon said a big fat fuck you to Bretton-Woods. It’s like comparing apples and potatoes

>>16241281
How to buy silver this cheap in germanistan? Here in GER you pay like 19€ for 1 ounce of silver. Shit sucks.

>>16241466
How is silver lost? Ist it possible to chemically get silver beg when it was used in alloys?

>>16242316
Pirate ships sink

>>16242205
>measuring the real world effects of nixon pulling out of the gold standard is not a good way to measure nixons actions of pulling out of the gold standard.

>>16241999
Google United states mint

>>16241281
>When $200/oz silver?
2250 give or take a few decades

The shitcoin of gold.

>>16242316
Silver was used in low value US coins and lost just like we lose a lot of copper to make pennies. Also a lot of silver used to be used to make film, but thats gone away since people use digital photography now.

>>16241561
Dude did I miss the boat on this?...I did the research and it says that particular coin is up for sale tommorrow? Did I have to pre-order ahead of time or I can I just snipe one tomorrow as soon as its available? Its like a 800-1000% profit margin. You'd think there would be a catch but maybe not since I can only get one.

>>16242855
No, sign up with u.s. mint .org and make sure they have your debit/cc info for payment, be ready to buy at 12 or whatever.

>>16241543
Spotted the underage nufag

>>16242930
https://www.ebay.com/itm/2019-W-ENHANCED-REVERSE-PROOF-SILVER-EAGLE-MAPLE-LEAF-PRIDE-OF-TWO-NATIONS-SET-/143432084403?hash=item216537ebb3%3Ag%3AjMYAAOSwfwxdo0N0&nma=true&si=o7ZmrjG9%252BPf97JNIYNQ8%252FEjsfjg%253D&orig_cvip=true&nordt=true&rt=nc&_trksid=p2047675.l2557

nigger this was $140 from us mint. limited edition and selling for less now.

the people that say gold and silver is a meme do not understand how fucked the banking system is.

I mean you truly need to look at banking over the last 200 years to understand where we are today.

>>16243015
Mexicans smell. Their shit is the worst.
They just naturally stink.
> t Mexican

>>16243142
Yea I'm not fucking with them some other anon was shilling it.
You have to look for low mintage etc.
I could give a rat's ass about that kind of collecting, I just buy "junk" silver.

Anyone who is storing their gold or silver at home, I hope you dont tell anyone at all, not friends, family, spouse. If word ever got out you have a lot of PM at your home that could mean at very least getting robbed and maybe getting tortured and killed
https://www.youtube.com/watch?v=SXFLZub7DaU

>>16243360
Lmao! In those times I'll shoot anyone who even walks by my house.
If I'm really scared I'll go burn their houses down right away and kill them all. It wouldn't be too hard.

>>16243360
People know because I tell them they need to buy, if they even look at me slightly differently I'll have em all destroyed and take their wives as mine.
My final resort is to have enough to give all my close friends and family a kilo of silver a piece.

>>16242930
How long would it take to flip it I wonder, especially if I offer a slightly competitive pricing to speed up the process? I could just reinvest in silver and buy 8 to 10x as much. Lol What's the maximum mintage in order for this to be doable? 30K is low, how much more is feasible?

>>16243468
I'm getting these feels

>>16243500
https://www.ebay.com/itm/2019-S-1-ENHANCED-REVERSE-PROOF-SILVER-EAGLE-PRESALE/283660239710?_trkparms=aid%3D555021%26algo%3DPL.SIMRVI%26ao%3D1%26asc%3D20190711100440%26meid%3D33f8ed31207544afa4dee83ddeb2ac33%26pid%3D100752%26rk%3D2%26rkt%3D7%26mehot%3Dag%26sd%3D401956889359%26itm%3D283660239710%26pmt%3D1%26noa%3D0%26pg%3D2047675&_trksid=p2047675.c100752.m1982

https://catalog.usmint.gov/american-eagle-2019-one-ounce-silver-enhanced-reverse-proof-coin-19XE.html?cgid=2019-product-schedule

The top link is Ebay, 24 pre-sold already for $900 a piece, second link is govmint site selling for $65. The 2 links use the same picture. Lol Its that easy, it can't be though...I'm going to still try its only $65 and I want some silver anyway. I made an account

>>16242439
I’m not sure if you’re purposely being disingenuous or are legitimately reatrded

>>16243699
why do people buy them at 900, when i see a bunch going for 400-700

>buying silver with a credit card / paper trail.
Buy for cash at a local coin dealer.
Also wouldnt hurt to get some heavy silver / gold jewelry.
You have to declare bullion/currency when going through customs.
But you can carry a huge 24k gold chain right through.
The nigger rappers/ gangstas are on to something when they wear those giant chains, its good to have some savings on you at all times. Sure you can get robbed but if you hsve a cc and proper training you should be fine, this doesn't mean to try to "flex" like a nigger.
I would personally love to have a HUUUGE fat gold ankle bracelet.

>>16243797

Honestly I keep asking myself the same question. They are essentially paying a premium for Ebay reputation perhaps? People with 10K plus transactions and mostly positive reviews are more or less guaranteed to follow through with no problems. Idk I'd gladly sell at $500-600 if I could flip it in 3-7 days max

>>16243797
I only have to sell one but liquidity might be an issue?...how many buyers want this niche mint coin? Idk I'm just spit balling hypotheticals

>>16243961
t. Pahjeet

>>16241464
Based, reminds me of supreme clothing drops, or yeezy shoes.
Will check it out.
What time zone at 12pm is it?
Is it 1 per order or can you order more?

>>16241281
I hope so, I need to retire

I have no issue with metals but what mkes you even begin to think metals are in anyway dependant or related to cryptocurrency

no manufacturer is gonna care if btc moons they will use metals accordingly

What's the best way to have metals delivered? I had a 1oz silver coin that was supposedly delivered last week and hasn't arrived. Should I just get a P.O. box?

I have some gold bars how do i quickly and safely trade equity for them, everything i think of risks getting robbed at gunpoint

>>16241281
>1:25 G/S ratio
hasnt been that low in close to 100 years, 1:50 is as low as it will be going in our lifetime. also:
>btc $185k
i hope you dont actually believe your own estimates

>>16244807
Take them to your bank

>>16245006
For>>16244832

>>16244737
Metals and cryptocurrency are both seen as a hedge against hyperinflation and are roughly inversely correlated with both the US dollar and the stock market

Need help deciding what silver to buy next. I have about an even split between sovereign silver coins and generics and have 30 or so ounces of constitutional/junk silver.
What silver should I add to my stack next?

>>16245546
All that matters is bulk metal. Buy the cheapest $/oz

>>16245546
Sunshine Mint rounds are good bang for your buck, plus the new ones have built in security feature

>>16241281
I suspect a crypto moon shot and a pm price drop over the next 6 - 9 months. PM moon shot after China goes public with their cryptocurrency.

>>16246153
What's the new security feature?

>>16241487
>thinks fed monetary policy is irrelevant

>>16246423
microengraving security feature in the center that can be decoded with a special lens for verification

>>16246372
In a super secret double twist, what if China reveals their actual gold holdings and backs their crypto with it?

>>16241575
liberty coin charges such a high premium, paying taxes is cheaper. but JMB does free shipping on orders over $99 AND their prices are better.
MoneyMetals.com has good bargain silver. I'll be trying them out soon.

>>16241553

also silver shot up into the $40 range in the 80's...

shit is volatile as fuck, and the fact that it is essentially depleted in the mining sector and at a ridiculous ratio of 80:1 with gold means that this already volatile commodity is like a spring compressed to the ground with ten nuclear bombs underneath it ready to blow.

This shit will moon higher and faster than anyone can imagine within the next couple years.

The problem is once price action starts, it will already be too late... once the shit hits $50/oz you won't be able to acquire physical anywhere, then it will be $10-$20 up days until we are well past the $200 mark.

The silver to gold ratio will compress well below 10:1 before normalizing

ETF's won't be able to meet physical demand, and will cash out contracts prematurely. Don't buy paper silver.

Shit is about to get real Silver Chads.

Also bitcoin will go sub $300 and other meme-coins will follow in suit.

Screencap this for viewing in 2022

>>16247299
I was with you until
>Also bitcoin will go sub $300 and other meme-coins will follow in suit.
Bitcoin will go above 100k within a few years. Fuck memecoins though

What about silver goods? If I wanted to invest in silver goblets, plates, and silverware sets where would one find market price?

>>16241487
With inflation it’s like the same price

>>16247246
That's the plan.

>>16247452

>>Bitcoin will go above 100k within a few years

I laid out the fundamentals of silver.

The fundamentals of bitcoin are that it takes more and more power to keep the network running.

People talk about $100k+ bitcoin because that is the fantasy world that is necessary to keep the pyramid scheme going. In 5 years it won't make sense to mine if the price isn't $100k+.

Just because the price needs to be $100k+ in order to remain viable, doesn't mean that it will necessarily go there.

Yes, one option is that bitcoin moons and goes to $100k and thus there is enough liquidity in the system to justify the hash rate and power consumption...

The alternative is that the whole system seizes up as miners exit en masse when the viability of speculative growth starts to dwindle.

The fact that there is no stable middle ground IE bitcoin can just stay at $8000 in perpetuity, is what makes the whole system a mess... It either has to moon, or it doesn't make it...

And that is why my bets are that it doesn't make it... From my perspective BTC and all other memecoins are classic ponzi scheme structure.

I hope that silver and bitcoin both moon and that both assert themselves as inflationary hedges.

I’m betting that gold and silver bottom by 15%.

>>16247299
>Recession soon
>Silver is mostly used for industrial purposes

>>16247902
Silver will moon while tether implodes

>>16243797
YOu can sell one for 250 than change your selling price to 900 and it will show 1 of 2 sold. put the name of the coin into ebay and check the sold as checkbox and the results will show you a different story. Keep in a mind a bunch of those resellers are the same people. I flip RCM coins on ebay its a shitshow. RCM only sells to canadians and US residents. Therefore you buy and sell worldwide to chink collectors