/biz/ - Business & Finance

tldr lol

What’s the point of ordering if all the major dealers are backlogged because everybody is rushing to buy?

>>17787202
>Everyone rushing to buy
>Price still drops
>Supply is running out
>Price still drops
>Supply is gone, demand is still high
>Price still drops
Wtf is going on?

>>17787186
Based

>>17787167
it's mostly an industrial metal now, it has very little value outside that scope, and with industrial demand down it will probably be worth less in a few years not more. it doesn't matter how many retarded boomers buy this shit, it's not going anywhere. it was $50 in 2011 and look and how much it is now.

>>17787229
I don’t know but I was planning to buy a 100oz Britannia bar since it’s discounted on silvergoldbull at their eBay platform and they said they’re backed up on orders and it will take weeks to get a package. If these dealers go bankrupt then I’m fucked so i won’t bother ordering I already have 50oz and an ounce of gold.

>>17787186
Based crypto zoomer chad

>>17787202
Go to a coinshop

>>17787167
Central banks around the world don't hoard silver anymore though. They hoard gold

Stocks go down.
Crypto goes down.
Boomer shinies go down.

>>17787295
JM Bullion is completely sold out of 100oz bars also.

>>17787317
Tell that to jpm

>>17787167
>For most of human history a days wage equaled a silver piece the size of a silver dime.
How does this translate to my gold holdings?

>>17787229
Manipulation. Silver is the Achilles heal not gold. Silver to gold ratio is 100 to 1. That’s insane historically it’s 16 to 1 because that’s the ratio that it comes out of the ground

>>17787229
The markets trading paper silver control the price, they're losing control though. It's only a matter of time.

>US Debt Clock

>>17787345
Fucking brainlets man. Those historical ratios don't hold anymore because silver mining rates increased over time. More silver comes out of the largest silver mine annually, than ever existed in the 1600s.

HOW MANY DAYS DO I HAVE?

>>17787229
The people who set the prices are freaking out.

>>17787451
About tree fiddy

>>17787450
>new paradigm lmao
have mining rates kept up with exponential population growth?

>>17787167
>Asteroid mining

>>17787577
For the most part yeah

>>17787345
it comes out of the ground less than 10 to 1

>>17787167
silver literally shit the bed yesterday along with everything else.

It's not a store of value any more than bitcoin or gold is. It's all bullshit, it's all make believe. You pick the make believe socially constructed item you believe will go up in value and you pray that it does. That's all anyone can do aside from investing in companies

>>17787167
I'm only buying because of the cheap blow jobs.

>>17787665
There’s my man

>>17787450
>>17787380
>>17787345
Been hearing this shit for more than a decade now. PM-fags must be among the most pathetic people that actually put their money into things.

>>17787577
yes it has, how the fuck do u think industrial need is being met? silver fags are total imbeciles, almost as bad as cryptocucks.

Never trust anyone who starts a thread and the first two words are "Listen Nigs"

When will the racism vanish? It's such a plague on humanity

>>17787736
Kill yourself

>>17787736
niggers arent human

>>17787229
Literally paper scammers delaying their shotgun mouthwash
What do you think is going to happen when dealers run out? Do you think everyone will believe their IOUs are good? Most big bullion traders currently have backlogs in orders for all generic BU

>>17787697
Cheap house wife blow jobs when? I'm only in it for the blow jobs.

>>17787451
If you ordered three days ago you might have a shot at actually getting your metal delivered.

>>17787640
>>17787716
So then 1 oz should still be valued at 2 weeks of labor. Check mate shills

Not to mention the amount of silver in electronics that is sitting in a landfill right now

>>17787167
>A silver ounce 900 years ago is still that same ounce of silver today doesn’t matter if the dollar exists or not.
Explain that to the IRS

>>17787869
I'm not sure I follow. You only want cheap blowjobs from bored housewives? You can get those for free my man.

>>17787947
Trump dismantling IRS

>>17787930
What

>>17787450
Almost all of the silver mined today is just a byproduct of mining other things, mostly gold. It should still be a lower ratio compared with the things it is mined with.

>>17787964
How?

>>17787964
Idk, I think it would be more satisfying if they did it out of desperation..

>>17788054
>>17788077
Yeah that would be satisfying. I have an ex FWB who we stopped fucking when we both got partners. But I told her sex feels like cheating so I can only do blowjobs. She agreed and we'd meet up occasionally somewhere discreet and she'd suck me off in the back of her car. Shit was cash but I always left feeling guilty. Only did it about a dozen times, I regret not doing it more often because she was up for it. Still keep in touch, but haven't seen her in well over a year.

I like blowjobs.

>>17788077
https://www.youtube.com/watch?v=4uqbJE5nnt8
Her name was Russel

>>17787167
Not to be that guy, but I sold silver at the last peak at $48 in 2011. What happened then is happening right fucking now except this time it is actually causing retailers to halt orders and jack up the premiums and free shipping threshold already!!!
If you are a metal chad, your time is about to come! Get ready for silver to 5-10X in a very short amount of time! Silver supply is already being depleted, just check online retailers!

Just scored some Krugerrands for $18.15 on a site that still has inventory.

>>17787167
silver is crap. nothing but a drag on your portfolio

>>17788238
Lmao

>>17787736
based. don't listen to the racist haters, king.

>>17788299
It is cruel to prop up the silverfags with hope.

>>17787659
everything crashed because liquidity was needed for margin calls. see how it looks in 1-2 years.

>>17787714
You fucking deluded Jews will be lying to us UNTIL THE LAST POSSIBLE FUCKING SECOND
FUCK YOUR DEBT NOTES
FUCK YOUR WELFARE
WE'RE TAKING EVERYTHING DOWN WITH US

>>17788379
Newfag tourists gtfo

>>17787451
0
out of stock everywhere

>>17787167
$10 incoming

>>17787202
It lets you lock in a price. I probably won't get the silver I ordered today for about 4 weeks but if the price is much higher then it's wort it. If it's lower I'll just buy more.

>>17787251
>>17787317
>>17787337
>>17787343
>>17787345
>>17787380
>>17787450
>>17787659
>>17787831
>>17788046
If nothing else silver is interesting because of things like this having happened, and whatever shenanigans JPM is up to with their mammoth pile.
>https://en.wikipedia.org/wiki/Nelson_Bunker_Hunt

>>17787167
There’s more silver in people’s spoons forks and knifes than silver coins.
Silver shills are broke poorfags with no jobs and 250$ to their name and they talk the big talk because they feel they own something of value without breaking their coweb-ridden wallet.
Real Men invest in Gold, the magic element that has been known to attract the gaze of all men throughout history.
Gold and its shine is known throughout history to alter the state of minds of men.
No man can refuse Gold.
This is why its 15000% more expensive than a fucking poorfag metal used to make spoons for grandmas.
Seriously OP you should just fucking kill yourself if all of your existence so far during this economic crisis has lead you to buy SILVER
Just because you can afford a third rate metal doesn’t mean it has any value now or ever.

LMAO LOL HAHA LULZ

>>17788379
>>17787736
fuck off you politically correct assholes. go back sucking ol' sanders' cock.

>>17790048

>people and countries have literal tons stored away
>people trying to compete with their 500oz
Kek

>>17787229
JPM

>>17790048
Going to just assume that you are mentally challenged and leave it at that...

>>17790048
>There’s more silver in people’s spoons forks and knifes than silver coins
Wrong

>>17790165
Nice argument poorfag worm. I’ve put aside 16,000$ in Gold, what the fuck have you done so far besides buying a spoon for 14 bucks?

KEK AND LEL
LEL AND KEK

>>17790103
>"compete"
more like "they just want some table scraps"

>>17787229
futures derivatives suppress the price, $5 trillion in paper to manipulated a $17 billion yearly global mined supply

>>17790227
Thanks for the confirmation luke warm IQ fag

>>17789623
What happens to price once all the bullion stock runs out?

>>17790048
Based gold Chad telling it like it is

>>17790314
Kys kiddo, come back when you have more than 200 bucks to your name

>>17790351
>Sporting a 16k stack of gold
>Thinks it's something to brag about
>Calls others poorfags
Wow....

>>17787186
Based and picrelatedpilled

>>17790412
>implying its a single emergency fund

You really are worth 14 bucks. Just like your shitty metal aren’t you son?

>>17790471
Whatever you say bud. You showed your power level, and unfortunately for you it is unironically poorfag. Thanks for playing!

Damn straight nigga, just cashed in today.

Just bullion on back order or rounds too?

>>17790503
>implying you aren’t living on welfare cheques
That’s still 15,986 $ more than what you can afford, worm. Now go on tell me about your imaginary 300k in silver

>>17790545
>Corona, CA

>>17790254
This sounds interesting. Could you explain why future could manipulate the price so much?

>>17790721
It increases supply, when there is no supply.

>>17790545
epic

>>17790545
>sales tax on constitutional money

>>17791950
Founders would hang themselves

>>17791950
Blame the idiots at the statehouse for doing that. It didn't use to be the case but now to have it tax exempt in California, you have to buy $1500.00 worth of precious metals to not pay that.

>>17791950
Silver isn't constitutional money anymore thanks to jews. The only way this applies is with US Minted numismatics.

Have we hit the bottom? Someone in the other thread posted that silver eagles sold out.

https://www.coinnews.net/2020/03/13/2020-american-silver-eagle-bullion-coins-temporarily-sell-out/

>>17790094
This was Edward Longshanks. Who, of course, was the King made to look terrible in Braveheart with Mel Gibson.

Why am I not surprised Longshanks was actually fucking based and actually expelled the kikes from England?

>>17787251
Industrial is 60% of silver demand, investments and jewelry are most of the other 40%

>>17793682
yea exactly so what happens to the price of silver when industry demand dries up? It's going to fucking go lower than it already is.

And central banks don't even hold it anymore. They hold gold. The only thing it has going for it is it is an anti-bacterial and could be a better medium of exchange over gold because of that.

>>17787167
>and is only made possible through massive inflation.
It is made possible due to the industrial revolution, tnt and big fucking caterpillars

>>17787716
Silver chads invest on the fact the remaining silver in the ground is very limited

>>17790094
>the invention of fiat

>>17787251
the reason silver is suppressed is so that everyone can own an iphone or imac or whatever gadget that uses up silver. With the world trying to go green, the use of solar panels alone will drive up demand for silver. The only thing that will kill silver is when we perfect the science of elemental transmutation. And believe me, that day is coming if not already here.

>>17787450
Fucking jewey nigger
Gold production in 2019: 3300 metric tons: https://pubs.usgs.gov/periodicals/mcs2020/mcs2020-gold.pdf
Silver production in 2019: 27000 metric tons: https://www.statista.com/statistics/253293/global-gold-production-since-2005/
27000/3300=8.18
For every ounce of gold mined 8.18 ounces of silver is mined

i bought these cause it has bats on it

>>17794166
I bought this because it has rats on it

>>17794338
ill buy those too

Just picked up one of these
Only 3000 minted

Silver price is acting just like xrp ni matter what it keeps dropping

bars or more coins

>>17794438
Silver price is tied mostly to industrial use. Tell, me, what does it mean for industry production when nobody is working and everyone is panicking?
This is a solid dip, but it will go lower as the crisis actually sinks in.

>>17794166
>>17794338
>>17794369
If these cost more don't bother buyinf unless you're trying to scam normies. Buy regular coins or several ounce bars

>>17794749
I bought 1 rat coin at $19.55
It's worth $500,000 to me

>>17794749
That name is supposed to be a gag on another board, not my real name

>>17787736
this has got to be bait lmao

>>17787588
this, will be using my silver gains to buy spacex stonks so that after the depression they moon because of space mining operations

>>17787167
Buying Silver instead of Iron I mean Ferrum
Absolute State.

>Grug say shiny rock better than green leaf