/biz/ - Business & Finance

>tfw you bought silver instead of gold
REEEEEEEEEEEE

> silver is dumping
So much for the precious metal, huh? It's as industrial these days as copper.

>>17655598
I got Ag and Au 20/80% $ split
Here’s some of my Au

Been a tough hold but never doubted the long term gainz


(Yeah I’m in New Zealand)

>>17655620
>>17655700
This is the last shake out boys. GoldSilver ratio is goin over 100 for a little bit until it finally dumps. People WILL realize that silver is a monetary metal.

>>17655700
Like in 2008 the initial industry selloff will make prices drop and then it will go up to unprecedented levels.

Anyways much of the dip right now is from people desperately selling PM's to plug more urgent holes in their wallet. After this is over it is endless price increase for several years ahead.

Enjoy your missed opportunities.

>stocks down
>oil down
>gold/silver down

The hell do you do?

Holy fuck, rubberbanded gold coin flips,the aesthetic I never knew I needed

I work in physical gold industry AMA
Also who here /JUST/ed

>>17655863
Meant for
>>17655713
as a fellow hobbit,I’m wondering If I’ve made a mistake going hard into silver instead of gold n gunz

>>17655889
are you a girl?

I sold some crypto and have about $10,000 to buy, should I buy 2x100g gold bars or gold coins?

>>17655889
How desperate are the people coming through your doors?

>>17655895
No but pic rel is my gf

>>17655892
>I’m wondering If I’ve made a mistake going hard into silver
People wondered the same thing in 2008. Sellers lost hard and holders won

>>17655598
Do you see Gold rising?

>>17655889
are you jewish?

>>17655920
I only invested in silver ... am I fucked?

>>17655910
I dont deal with sales to non-corporate customers but I can tell you that certain banks have been hoarding bulk physical gold for a long time... It's almost as if...

At what levels will you guys buy in?

>>17655940
Fuck no. I'm saved by Grace through Faith, and I descend from Kreigsmarine sailors and Spartan warriors.

>>17655951
$1200 an ounce ... this is a Deflationary Market.

>>17655951
Fiat is utter garbage that constantly and deliberately loses value so I convert all my savings into gold and sell as required

>>17655941
lol how the fuck do I know

>>17655985
What about silver? Spill the beans, I'm curious if it has any place in the new Paradigm.

>>17655920
Inshalla brother, literally never selling for fiat
>>17655941
Depends how strong your hands are.

>>17655945
Are you close to any merchants who deal in physical silver?

>>17656036
Silver is unique in that demand currenrly outstrips production and supply. Prices will stay high provided that customers can continue to afford it. If they can't, prices will slump as production slows and investors pull out of mining operations, then climb again as restricted supply affects sellers. If the virus gets out of control and the world goes full STALKER, then silver is the vest medium of exchange as it is more easily exchangable for food/board/water/meds etc than a gold coin is, which you would probably trade for a rifle or similar value.

>>17656104
So it's worthless, got it. We're not going full STALKER in our generation.

How many .Oz for a suicide stack?

>>17656059
Buy PMs from the refineries to cut out the middleman's fees. Silver is in high deman as explained here >>17656104
As fiat currency tanks, expect the prixes to rise. Remember, the price of gold and silver does not change, the purchasing power of the fiat currency changes.

>>17656132
Brainlet take. Silver has never been worthless to anyone except people stranded alone in the desert or ocean

>buy gold/silver yesterday
>its gone down

crap

when will the miners moon so i can dump the stock and put it in crashed industrial stocks?

im cashpilled, sorry.

got 90k euros in the bank ready to catch the knife, niggaz.

>>17656223
how much % gold, how much % silver are you going to buy

>>17656135
So the hard sell we often get given by Schiff that 13 oz of silver will be a make it stack in the new paradigm is bunk?

got cash should I buy PC parts and then scrap them in a week

>>17656235
none
>ready to catch the knife

>>17656135
>Buy PMs from the refineries

I never did this. Dont refineries only sell B2B?

>>17656386
why post in /pmg/ then retard

>>17656328
It might be. I have pretty much exactly that. My hope is that there is a window where I can convert it to money and buy a house

>>17656473
Nice to know there’s poorfags out there with even less silver than me kek

>>17656504
can I have it?

>>17656519
I’ll trade it to ya for a house

>>17656431
Your local one may vary but one of my locals sells direct to public.

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAaaaaaaaaaaaaaaAAAAAAAAAAAAAAAAAA
Do I buy gold or silver right now? I just want something that won't turn into into worthless paper, I have other possessions but nothing traditionally valuable
I can probably only get 1k or 2k worth, need the rest of my cash for now as thats what people are still trading with

>>17656559
Buy silver if your current networth is under 500k USD.
Silver is the trading currency of the middle class

>>17656504
whoa dude you are a high roller, careful out there brotha.....

>>17656504
I was just about to buy a kilo block now but then realise how would I split it? I think I'm gonna buy coins instead

>>17656535
My house is a cardboard box

>>17656641
Would it be better to buy a lot of smaller weights or a large bar when considering economic collapse?
The only types my local trader sells is 1ounce, 10 ounce and 1kg bars

>>17656686
I know my stacks dinky, hence >even less
>>17656711
Yeah,I’ve got my kilo bars for a couple of years down the track when things’ve settles into new paradigm or the gold-silver ratio gets tasty again
Having said that I’ve got a few ASE’s on the way for bartering essentials during the immediate clusterfuck

>>17655855
>The hell do you do?
Buy now

>>17656838
If you plan to spend during the collapse and selling to your neighbors, buy 1 oz coins or bars.
If you’re planning on holding till new paradigm or good ratio against gold get big bars,because you pay less premium on em.

Just had a phone call with the customer service at my lcs, guy on the phone told me they had 30k ounces of silver as a backorder in total, nothing left in the shop, told me orders are coming in by the second.

>>17657024
Big if true

>>17655598
gold to silver wicked at 100. Maybe we're going higher and higher in the short term?

>>17657024
>getting duped by used car salesman tier talk

>Markets in turmoil, yet oil falls
Oh no.

>>17656104
also, uhum, silver is a clean metal. It is a biocide.

>>17656223
in the bank, the knife catches you

>>17657592
Post colloid stack

>>17656134
a suicide stack is 13 oz for silver and 1 oz for gold

>>17656002
kek

>>17658193
I have 45oz of silver and 25g of gold. Am I fucked?

>>17659327
Yeah you're fucked but I'll save you, gimme your details I'll buy it all

Pre-open silver is in the $16's.
I got a little chubby, boys.

Plunge Protection Team in full force!!

>>17655598
WE'RE GOING UP WE'RE GOIN UPPPPP WHUT I MUH DOOOOO???

>>17655598
What the best way to buy and sell physical gold and not get completely fucked over by the fees?

>>17659766
Panning

WE'RE GOING DOWN WE'RE GOING DOWN WHEN DO I PULL THIS CORD AND HOW HARD DO I PULL IT???

>>17656504
11 oz reporting in

Silver drops and economic slowdowns while gold rises.
Further proof silver has become an industrial metal instead of precious?

>>17656504
most people have maybe some silver spoons and a plated tea set ...

>>17660159
>most
No most people don’t have a tea set, plated or not

>>17660215
Your grandparents might. But any people younger then the age 80 dont

gold might fall especially to Euro, I expect Euro to continue rising, not be cause the Eurozone is doing great, but because the european investors are selling off and taking cash

and when the dip happens I will be there with my pile of cash

>>17660215
>>17660252
yeah you're probably right, having some silverware is common where i live though, lots of old people and generational homes. i have 220 toz and was gonna buy another tube of 20 but i might spend the money on topping off my pantry instead

>>17657210
how is everyhing going down all at once? where is the money going into?

>>17660375
Being withdrawn and held? Idk

>>17660375
Safe Havens. Yen, Frank, Gold

>>17660375
It's money that never existed.
It's as if you bought a pen for $1, held it for a year, told people it was worth $10, then when you needed lunch money, sold it for $1.
Where'd that $9 go? It was never there.

>>17660139

silver wont go up until at least 3/4 of the market is priced out of gold.

https://www.youtube.com/watch?v=1lWJXDG2i0A
>>17660566
That makes sense - truly the red headed stepchild.

>>17660566
yeah, remember reading how there would be a shortage of silver if every american wanted a tube of ASE's? that's gonna happen a lot faster with gold. when gold is nowhere to be found, silver will pump

>>17660767
Man, a tube of ASE is around $400.
If journalists are to be believed, there's hardly an American with $1,000 in their savings.

Just bought 25 ounces of silver bars, am I still fucked if there is great depression tier collapse or is it enough to get me by?

>>17661132
At least wait for the premiums to drop ...
I'm rooting for $16.50 by the end of the day.

>>17661417
Ehh, at 25 ounces? I'm being too Jewish. You won't miss that $10-$25.

>>17660119
lel, 3 oz here.
Up to 4 by week's end, though!