/biz/ - Business & Finance

>>16463947
actually The Economist is backed by the Rothschilds

>>16463953
>he never answered the question

>>16463947
is it really so bad they need to do this bullshit now?

>>16463947
$1=$16
Metalbugs think this is possible

>>16464181
>2016

bitcoin is backed by math
gold is backed by gold
dollar is backed by atomic bombs

>>16463979
Imagine buying silver if you believed the dollar was going to 16x against silver

>>16464306
I hate to tell you this but United States silver is minted by law and is legal tender. I'm afraid you still live in the floating currency paradigm.

$1.00 greenback = $1.00 fine silver

Prove otherwise.

>>16464306
youre a fucking brainlet, no offense.

Let me explain to you and see if you comprehend...

There are $1,500,000,000,000 physical dollars alone in circulation (this means we are excluding digital dollars).

That big number is 1.5 trillion.

That means 1.5 trillion ounces of silver would need to be accumulated to back each dollar with an ounce of silver.

do you understand the buying pressure which would be required to make this happen.

shockingly, outside a brainlets simple mind, a government cant materialize metal. So, before backing can occur, it must be purchased.

I hope one of your IQ inched up a fractional point.

youre welcome.

>>16463979
ok boomer

>>16464365
okay I cant tell which of you is a bigger brainlet.

$1.00 green back (also) = $1.00 dog shit
|| = $1.00 your dildos
|| = $1.00 of anything.

youre both dumb. Im leaving.

>>16464367
>That big number is 1.5 trillion.
Actually physical supply is 1.74 trillion.

If you do the math that's 225 per global citizen roughly.

Sounds rare to me.

What are you going on about?

Oh you thought the floating currency game was going to last forever?

I see how you are confused now.

>>16464367
>when you prove the opposite of what you were trying to
There is not enough silver in the world to peg it at 1 ounce per dollar you peter schiff, survivorship bias retard.

If someone is accumulating metal it is because they expect a devaluation of the dollar against metal.
I dont deny the possibility of new gold standard but it will be just nore debasement while you absolute cattle cheer it on

>>16464424
>If someone is accumulating metal it is because they expect a devaluation of the dollar against metal.

This is only if you live in the soon to be extinct floating currency illusion. Fortunately I am not infected with that virus. I hope you are ready for the changes. From the sounds of it you may go through some issues while adjusting to the reality that you have been denying yourself.

I swear I've never seen such an anti-american magazine. During college I had a subscription and they were so bad they were claiming state-owned enterprises was a superior model to capitalism. I hate to say /pol/ shit but >>16463953 THIS so hard

>>16464513
There is not enough silver in existence to peg it at its current market rate you fucking retard.
Same thing for gold.

You live in la la land.
>muh qanon has the silver from the greys hiding in antarctica that killed jfk

>>16464300
>backed by math
just divide by zero and you're fucked

>>16465284
Sounds about right

>>16464365
this is the most retarded thing I have ever seen on the internet. For multiple reasons.

>>16464400
checked and glowpilled

>>16465584
>For multiple reasons.
I'm waiting.

Glow sticks aren't a reason.

That was just you merely coping with facts.

$1.00 USD = legal tender
$1.00 Silver = legal tender

I can go into any store and legally use both at any time. Therefore, they are literally interchangeable. Those that have a hard time with this are stuck in "muh floating currencies" hell.

>>16464400
>The New York Fed is so shook by the Repo market collapse it's literally shilling on /biz/ kek

>>16464424
sorry brainlet 2, I was going along with brainlet 1's ounce to dollar peg... pick an amount 0.001 ounce whatever you want. Silver has to be bought to make it happen.

>>16464545

Can you only think in rounded 1 to 1's? Is this a typical intellectual shortfall of brainlets?

>>16465284
based

>>16464367
So let me get this straight.. i should trade my dollars for silver, so that i can trade them to the government for more dollars so the government can make it worth 1 dollar

>>16465284
>do something impossible and you'll be fucked
You can't divide by zero

>>16466260
>i should trade my dollars for silver
They are one in the same. You're suffering from old world floating currency regime programming.

>>16466156
I responded to op who said $1=1 silver ounce, which is impossible because there is not enough silver in the world to peg the usd at even its current rate of 1/16th a silver ounce

You are going schizo saying if the us pegged the dollar to silver it would make the price of silver go up in usd. No shit you fucking retard.

>>16466312
Where can i buy 1 silver ounce for 1 united states federal reserve note

>>16466327
>he really hasn't studied this link too well

https://www.bls.gov/data/inflation_calculator.htm

Go ahead and use it. Get back to me when you figure out what is really happening.

>>16463947
>we are now at 1k
>was 800 a month ago
>doesnt even account for yuan/euro/pound
those who bought before this next collapse within 3 years, will be rich beyond belief
thank me later idiots
new currency comes you will be buying hundreds of acres and entire city blocks

>>16466373
First it was debt jubilee
Then it was 144k new usd polymer notes
Now he believes 1usd can be exchanged for an ounce of silver

When will your delusion break

>>16466260
yes
1. buy silver
2. gov'ts buys silver driving price up
3. sell silver before peg increasing your USD
4. peg occurs and youre set.

assuming this wackjobs idea of pegging is a thing lol

>>16466399
>you're gonna need these
I think I found your color

>>16466379
Can you explain more anon?
I'm really interested in this, and want o know how to get into this.

>>16466403
>3. sell silver before peg increasing your USD
The official peg will be set faster than anyone can react. The float will be over. At this point everyone's programming is far too thick. Come back home to USD before it is too late. Physical USD.

>>16466445
buy physical silver. thats it

>>16466496
So I have till 2022 to buy buy a shit ton of silver?
Also what about gold?

>>16466524
A little gold is good. But focus on silver that has most oppertunity

>>16466554
>>16466496

How much silver are you going to buy anons?what would you say the minimum about would be to be able to buy hundreds of acres and entire city blocks?

Just thinking about it is getting me excited!

>>16466579
Lol it's easy to get wishful thinking. It might be big it might not. on the bell curve of probability it will probably land somewhere in the middle. I dont trust our financial institutions that's why I go silver/gold. Do the amount you feel comfortable with

>>16466579
Don't buy PMs for massive gains, buy them to prevent massive loss.

>>16466646
What would I have to lose?

id rather buy a currency backed by sandalwood oil

or agarwood oil

>>16466445
pic related
at its essence, the federal reserve banking cartel fixes prices through futures to accumulate more for themselves
silver is the most important commodity on the planet
you cannot have future technology without it
>>16466524
>til 2020
maybe even than that, cannot know for sure when the absolute top wants to flip the switch
gold will see massive gains too, but gains will be better in silver as it always is.
>>16466579
1 acre/oz
like 1000 for a city block.
i got guys inside federal reserve
no knowing how much your purchasing power will be but it will be massive
>>16466646
it literally can only go up

>>16466743
So let's say I bought 300,000$ worth in silver, when the banks flip the switch that would make me a multi trillionair?

>>16466820
don't measure it in USD, the new currency will be valued in a cryptocurrency backed by silver, the silver will be money it will be
12 ounces = lambo
30 ounces = new home
100 ounces = McMansion

>>16466485
even in your delusion, silver prices would need to rise which would be your first indicator. This would allow you to react..

>>16467117
so if I buy 300k ounces now, I'm literally set for generations once the new currency comes?

>>16467170
you couldn't market buy that much, jews wouldn't let you, but yes if you had 300,000 you and your generations to come are set for eternity

A big stack go Algo now that vesting is extended to 5 years. Getting paid to hold, nothing better.

>>16467179
>has no idea how much physical silver moves in diamond and metal districts of major cities, even just for jewelry smelting alone.

>>16466657
Your savings

>>16467191
I don't have any anon, so I have nothing to lose.

>>16467170
>so if I buy 300k ounces now, I'm literally set for generations once the new currency comes?

You would probably have a massive ass target on your back

>>16467210
Not unless I blend in with poorfags

>>16467179
Okay I was a retard adding that up because 300k ounces would cost me over 4 million.

So realistically 21000oz would be 17,703.9450 t.oz would equal to the gross melt value of 298,488.51$

Would that still set me for generations?