/biz/ - Business & Finance

>>17888404
> buy silver
Best of luck I guess, I'm not entirely sure what's the situation in America, but here in the UK even the Royal Mint of her Majesty is running out of physical silver in their Vaults to sell. They're HODLing like crazy and waiting for the moon pump.

Buy calls on SLV

>>17888404
I just made this purchase on Apmex. It's a preorder, so hopefully it wont get cancelled and will actually ship in 10 days. Buying pre orders might be your only chance. Despite the current spot price, $18 an oz ain't a bad buy in price.

>>17889118
50% premium isnt bad? that's like buying the DOW at 30k today.

>>17889164
it's a manipulated price tag. Look at the demand for silver right now its sold out everywhere. It's easily worth x3 the current spot value

If you can even get your hands on some, yes.

>>17888404
You better buy as much as you can, as fast as you and pray to Jesus that it makes it to you.

>>17890018
No, it is worth +50% of spot. I have 700 oz, I can sell it to you for 3x spot if you want

Should I sell my ASE monsterbox for 50% premium or hodl for the Boog?

Post stacks

>>17890648
hodl. its going to moon like it did in 2011.

>>17888404
https://youtu.be/ji7tGN3iVgA?t=729

>>17890690
my body is ready thanks fren

>>17890658
I will buy it from you for $150.

>>17890690
Then what? Trade for gold?

>>17888404
The fucking premiums are already getting ridiculous! I'm not paying a $4 fucking premium to buy generic rounds...

>>17890690
Way more than 2011, the sellout didn't happen until after the crisis for the run up in 2011. This crisis is already causing sellouts everywhere, and demand is through the roof. This goes to new ATH way beyond anything we've seen

>>17888742
>>17889164
>>17890300
>>17891023
>>17890538

The premiums on silver which you buy in a vault (I am not talking about paper ETFs) are still non-existent or negligible.

Does this argue that there is not really a shortage?

Is there a good reason not to invest in a vault, e. g. government confiscation?

>>17891087
If you are buying silver/gold and it's not in your possession physically, then you own nothing but a promise for silver/gold.

>>17891154

With ETFs that's definitely case, since you have trillions of pieces of paper chasing a small amount of physical. But Goldmoney, BullionVault etc. are allegedly backed by a 1:1 ratio of gold and silver to metals in the vault.

>>17891154

With ETFs that's definitely case, since you have trillions of pieces of paper chasing a small amount of physical. But Goldmoney, BullionVault etc. are allegedly backed by a 1:1 ratio of gold and silver in your account to metals in the vault. If I am wrong please correct me.

>>17890658
Reporting for duty

>>17891218
>allegedly
despite your position in this argument, even YOU do not have the confidence to say that 100% these services are backed by a 1:1 ratio of gold and silver. You still use a qualifier, in case you're wrong.
That should tell you something.

>>17891235
>>17891253
I only have one of those Sunshine Mint bars but I want more.

>>17888404
History says yes.

>>17891295

I use a qualifying word because I don't know the answer. That's why I'm asking.

>>17891218
and then in a national emergency the government pulls up to the vault and makes you do a "donation" like that guy who had the foresight to buy hand sanitizer.

>>17891393
If it's not in your hand, you don't own it.
That's the answer.

>>17891414

What about the argument that gold would safer offshore in countries like Singapore, Hong Kong, or Switzerland, than in Western countries generally, in case the government forces its citizens to turn over all their gold and silver when the economic collapse comes?

>>17891564
>in case the government forces
Sorry, I live in a free country where I can defend myself from unlawful seizure, and not in Europe.

>>17890690
Between 2011 and now was the beartrap. We going to at least $100 an ounce. Not that it makes me rich.
> t. 150 oz stacklet

>>17891564
1) Gun. Keep your silver and/or gold under your lead and brass.
2) You don't keep gold in bars or coins, you keep gold in jewelry - because if you have to cross borders and/or if the government comes to confiscate, western nations tend to let you keep jewelry due to sentimental value.

>>17888404
Yes and some BITG:21M

>>17891673

Gold boy here, silver seemed very off putting due to huge sales tax in my country, gold doesn't have that problem. Will gold be mooning too or did I miss the train?

>tfw penny pincher on gold and silver
>was hoping for good prices
>managed to accumulate 50.89oz of Silver and 1oz of Gold in the last 10 months
>perfect time to buy 100oz silver bars and platinum coins
>all Bullion dealers are backed up and not guaranteeing shipping

>>17891762
You waited too long. You need to understand that the premium you pay is the price of converting your money and, and to not wait till the last minute.

>>17888404
If you can get any. Niggers worldwide are buying that shit like crazy. The refinery in my city has a shop in the cbd, there was a line out the door, sold out by the afternoon

>>17891753
Yes it will moon but not as hard. The goal here should be to hold silver while the goldsilver ratio drops, then flip into gold as it inevitably goes back up again. It's like trading alts to accumulate more sats except here we're accumulating ounces.

>>17891564
>letting them know you have it

>over $2 trillion injection
Your paper is for the toilet now.

>>17888404
Silver is likely to get further pummelled or stay down in the dumps for quite a few months. It is currently behaving much more like an industrial metal than a monetary metal. I say this as a person with thousands of ounces of silver.

At the moment, platinum looks cheaper than silver. Platinum is also behaving like an industrial metal and has been beaten to a pulp. Historically, platinum sells for about twice the price of gold. It's current price is about half the price of gold. That means that if the price ratios revert and gold doesn't crash in price, platinum should go up 4x in the future.

>>17892190
Also platinum and palladium are pretty much used for the exact same things. So when the price of one gets too high everyone switches to the other.

WARNING:
there's fake chinese shit on ebay
there's also fake ASE coins made of zinc. they mention it's made of zinc in the description. can't find the listing anymore, maybe it got removed. saw it earlier today.

>>17892555
here's another fake one:
https://www.ebay.com/itm/American-Eagle-Brilliant-2020-1oz-Silver-Souvenir-Coin-Uncirculated/333549049364?hash=item4da9129614%3Ag%3AuigAAOSwd5FecLOg&LH_BIN=1

>>17892653
>>17892555
Why would anybody ever not read the description

>>17892555
It fucking says it's steel you fucking brainlet

>>17892555
I wouldn't mind having a stack of those in my sock drawer in case anyone ever got in my house they could take them and leave the real alone.

>>17892555

111 sold. $7/oz nazi bar from China...

Are these real world nulinkers buying this shit?

I manage some AdWords campaigns for one of the silver websites. My boss told me to pump up the campaign budget. They are trying to get as many orders as possible and then decide on whether to fulfill them later depending on where the price of silver is. Since the website technically warns you that shipping is not guaranteed this is apparently legal.

>>17892684
why are you so angry? i know it says steel, in the fucking description. you faggot. it also says SILVER on the bar, and is listed under the Silver category. eat shit bitch. people are buying it. some are getting fooled, or they are buying it to resell to other suckers and let it slip into the supply. just a heads up.

>>17892791

Worst larp award.

>>17892791
wtf, so they are just going to keep the payment or will they refund? sounds illegal.

>>17891218
If you trust them then go ahead.
Me, I don't trust anybody.

>>17892684
found the retard

>>17892821
They will refund obviously, but only if the price of silver/gold is higher in the next few weeks than what they paid. We don’t want to lose money.

>>17888404

Time and time again, gold and silver have shown that they fit the bill perfectly, as they can help Americans avoid the volatility of equities, while still having growth potential. Paper cash holdings have never been more vulnerable, especially when held in a virtual setting such as a bank account. The constant erosion of the dollar's purchasing power, coupled with the increase in cyber attacks, means that your holdings in "paper" or digital form are less secure than if they are resting in the form of a tried-and-true physical asset, whose intrinsic value is never put into question.

>>17890658
My humble stack frens. More on the way but I probably won't see it for weeks.

>tfw only 10oz

>>17892472
I believe you're right but as for now, palladium is primarily used for emissions control in gasoline vehicles while platinum is used for emissions control in diesel vehicles. So that's another reason platinum has gotten hammered. Volkswagen was faking their emissions, got caught, and now diesel vehicle sales are in a serious slump as the expansion has ended and Europe is pushing electric cars to replace the existing diesel fleet.

>>17892555
>Shipping from China
Immediately ignored. Don't buy anything from that Commie trash.

>>17893096
>11
I feel you but at least I'm not that shortest stacklet here

>>17892791
Is there anything that can be done to protect the customer from this? I have a feeling this is exactly what’s going to happen. Everyone is going to get their order cancelled.

>>17894487
Buy local

>>17892988
How many ounces is that?

>>17893096
16 oz master race

>>17890658
sadly i'm a stacklette and only have 6 ozt.

Should I buy silver with my Trumpbuxx? or crypto?

>>17888404
60oz in the house.

just ordered my first 16oz boiz
have about 20grams of gold in various jewellery

we gonna make it

>>17888404
Fellas!
Big question here,
are we a living re-creation of Venice? Think about, the Venetian commoners were only allowed to use silver which regularly taxed, and brought to such an insanely low value. Gold was for the politicians and foreign merchants that took advantage of the Venetians. The people were encouraged to live like Deviants and were told that having a family is too expensive.
Sound familiar?

>>17895185
Silver is for poorfags because it has a much lower buy-in price.
Gold is good as a store of value.
Silver has greater potential to moon, it is a speculative investment.

>>17894682
Why does the sunshine round look like it’s been pooped out?

>>17895345
Fuck, missed opportunity to say “it’s been where the sun don’t shine”

>>17891891
who dis

>>17895345
Silver tarnishes really badly. With a non-collectable round like that, I'd clean it with metal polisher. With collectable coins, its important not to handle them with your bare hands because thats part of what causes them to turn black, and cleaning them is harmful to their value.

>>17894614
around 600ish

where can you still buy?

So if we can't get anymore silver what do we buy? Just throw more into BTC?

>>17888404
140 oz here. I bought In 2018 for 17.95 $1 above spot. Holding for the moon

>>17895618
Some coins tarnishes beautifully.

metal chads are based.

https://www.youtube.com/watch?v=uLuZMVGM5Xw

>>17895823
Scottsdale mint still has some. ~$5 premium depending on what you get. Pic related seems like a decent deal. You'll still have to wait 15 days for shipment.

>>17893292
there's another seller who lists at GBP prices, click on his user profile his location is Lithuania. i'm reporting to ebay but there's a lot of listings and can't report them all myself.

>>17890658
41 toz

Has anybody tried buying from LCS ? Have then sold out too?

imagine paying $77 over spot for this

>>17896502
almost everyone I've contacted in DFW is sold out, a few I did manage to find are charging double spot price.

>>17896662
Who would mint that garbage? I can atleast appreciate the art that goes into all the animal coins and into the flaming leaf.

>>17889118
>>17889118
Make sure you post again with your name and tracking number when it ships.

>>17896750
>>17896750
What are they buying for?

>>17890658
100oz feeling scared

>>17896860
Has anyone even made a for real silver bullet. Like one you could actually fire?

>>17896907
Oh yeah

Just ordered 20 roos. Surprised they were in stock at the prices theyre at. Hopefully they will be here before April seeing as how they were labeled as in-stock.

I was hoping to finish my stack of leafs before I went onto roos or kooks, but this is just as good honestly.

What pisses me off if that I bought 100 ounces of silver 1.5 years ago at about 14.50 spot price

Now that we are in a crisis I log in expecting to see silver up to 20 to 25. Instead it devalues, along with stocks, along with money.

Everything devalues across the board.

How the hell am I supposed to profit short of being an inside trading jewish investor?

>>17897143
If your buying silver because its an opportunity, don't. It just you exchanging your dollars for something tangible and it will hold but you wont gain unless the apocalypse happens.

>>17897169
I just use it to save money with my lack of control and alcoholism. Go to bar? How much silver is that? Boomer reasons are retarded. My old boss is unbanked, all silver and gold in a safe on his property. Anyone know where to get a good metal detector?

>>17896782
Smart people who take presales

>>17897143
Because you have to be patient. PMs crashed 30% in 2007 as well before their run up

>>17897247
How long on average? I'm fearful and need answers anon

Is buying 1oz of silver for $19 worth it? Will the sales price ever exceed that or is it a rip-off?

>>17888404
Paper silver: buy
Physical silver: sell

>>17889164
I think most people at this point are basically accepting that spot price is bullshit.
If 'spot price' of silver is $12, but there's literally nowhere on earth that will sell me a single ounce of silver for less than $18, then what the fuck is spot price even tracking?

>>17897143
You can literally sell your silver right now for $17-20 per ozt. The spot price means nothing to the physical investor with this sort of demand.

>>17897835
I'd buy eagles at anything $20 and below.
I would not buy rounds or bars at such a premium right now.
>>17897169
Silver is a terrible hold of value because it fluctuates so much. It is very much a speculation investment, or a total hodl till the collapse of society or hoping for a gold/silver standard reset.

>>17897566
Silver peaked in mid 2011 at $49 after dropping drastically in 08. It all depends on market emotions/faith really. If the stock market continues to crash we may see silver moon in a few weeks to months, or it may take longer, but i believe it will moon within 3 years.

Probably not the best time to start collecting, but I couldn't resist the good prices while I could.
Is my stacklette worthy? I'd like 1ozt Imperial Credits if I could find them

What was the price for an ASE before everything went to shit?

>>17896947
Where from fren?

>>17898674
At the very start of this panic before the price fell through the previous normal floor of around $14.50 they could be had for $16 or so, there was always a $1-$2 premium on ASE.

>>17898723
Why are the prices higher now then? Like $22

>>17898789
Because theres a huge amount of "paper silver" on the market that doesnt have physical silver to back it up. Thats whats being dumped as people rush to get out of fake silver and into dollars.
That crashed the spot price. But at the same time theres a huge rush on physical silver, especially ASE as theyre seen as the best type of silver coin to hodl. So the spot price has completely decoupled from the real physical price.
Also, dealers dont want to sell at a loss, so if they bought the ASE for over current spot they have no reason to sell them. But demand is so high they can now charge more than what they bought it for, and theyre still selling out.
People are very nervous about the dollar so theyre rushing to hold physical metals. This is the exact scenario where metals become relevant, when usually they stagnate.
If you have bullion you bought for under $20, you stand to make 2-3x or more when it moons. Maybe much much more.

>>17898853
So buying eagles for 20 to 22 right now is better than regular rounds for 15 to 16 bucks an ounce? I have other stuff but never got into PM's just the few gold coins I inherited (nothing much) and always delayed getting into PMs.

>>17898853
>If you have bullion you bought for under $20, you stand to make 2-3x or more when it moons
then what? cash out? exchange for gold? what if youre a sub 50 oz stacklet?

>>17898894
no anon, don't be retarded. buying silver too far over its spot price, regardless if bar or round or eagle, is fucking stupid.
an ozt of silver is an ozt of silver regardless if the form it comes in.

>>17898905
gold is a scam honestly, buy palladium or platinum instead

>>17898926
I cant find anything cheaper right now than those prices for an ounce of gold. If you have a better site I would appreciate it. I have several grand sitting in my paypal from a sale few days ago but I figured instead of buying materialist stuff I had intended, may as well get something better for now. Other stuff can wait.

Just sitting on money to burn.

>>17898894
If you can find round that dont have retard designs like a woman spreading her legs or darth vader, for $16 shipped, right now, buy it.

>>17898905
If silver moons but you think the USD is not going to collapse/hyperinflate, cash out and move the money into a longer term investment. Gold is an option, since gold is far less volatile.

>>17898926
Theres a reason that eagles are wiped out right now at over $20. People have faith in them as a potential currency. Same for any american mint junk silver. IF you want to hedge against total collapse in the most secure way, you hold eagles and american mint coins.
When you try to buy a chicken off of me in 2024 after the great reckoning and you throw down a round with a chinese mark on it, i'll laugh at you.
However if you want to cash out your silver for its weight value at your LCS at the peak market, it may work to your advantage to hold whatever you can get.
I personally expect $50 silver minimum within 2-3 years, so i feel ASE at $20 are a good price. I wouldnt go above that, but the individual chooses his buy in point based on his assessment of the market.

>>17899007
>If you can find round that dont have retard designs like a woman spreading her legs or darth vader, for $16 shipped, right now, buy it.

20 day delay.

>>17898991
1oz gold eagles are going for $100 over spot on JMbullion right now, $1632. You should buy two if you can afford it and you want to hold value and arent looking to speculate.

>>17899039
Was hoping for Silver since I had some gold in the safe, albeit not much. Ill get 2 1oz coins and use rest of Silver if I find a decent place otherwise Ill use the rest on 2 more coins and keep the change or pick up some 1/2 or 1/4 oz stuff.

>>17899007
I came to this thread to say I just bought a roll of ASE for about $20/oz. If anyone's having trouble purchasing you should scoop a tube of pic related up before they're gone.

>>17899076
A wise move if you just want to hold value in uncertain economic times. Unfortunately they're so busy they wont ship your gold for 2-3 weeks either.
I'm waiting on a call from my LCS to go pick up 5 1/10oz coins. They dont have any gold anymore and they're expecting a small shipment and wont let me reserve more than that, wont let a single customer buy them out. Nice people, but frustrating.

>>17899115
Dubs and I'll poast link.

>>17899115
A good price. Post link? I'm still wary of 2+ week shipping times. They can always cancel and refund meaning you let that money sit and do nothing for that time.

I don't get the appeal of buying gold and silver.
It's not like these metals are in a deficit.
Why fucking bother? Why not invest into something that could be actually valuable if the fiat currency fails?
Buy forest land for example.
Invest into your own house

>>17899149
>opportunity cost.
I feel that but you have to take that into risk factor. For me it's worth it especially given the sellers history.

https://www.ebay.com/itm/Roll-of-20-Silver-American-Eagle-1oz-999-US-Mint-American-Eagles-1-BU-Coins/191936041812?pageci=76481a5c-f65a-4f74-b7f6-776975e066b9

>>17888404
Sure.
If you can.

>>17899179
Just 5% of your portfolio in precious metals is all it takes. Those who go all in on any investment whether precious metals or stocks or real estate are taking unnecessary risks.

>>17899242
See >>17899224

>>17890658
I-Im gonna make it... Right guys??? I-I have an ounce coming in the mail right now....

>>17899179
What if you only have 1k to spend ? Not gonna get land for that kind of money but you can get 50 ounces of silver

>>17891589
>Thinking you can stop the goverment from taking your shit if they want

Lmao good one

>>17898187
That is a really good question.
I think it measures the price of silver as an industrial raw material. The price as bullion coins and the price as a raw material can be very different.

>>17892793
It doesn't say that it is silver on the bar. It says German Silver, which is a nickel alloy. Not their problem that people assumes that it is silver from Germany.

>>17899242
Tbf the 86 and 96 go for decent premiums because of the low mint numbers I believe

Buying below 10

>>17899179
You dont actually fully own those. You either take out a loan in which the bank owns it. Or when you pay off the mortgage you still are forced to pay property tax or the state owns it. PMs are yours

How low do you guys think Silver will actually go before?

>11.25ozt Silver
>2g gold
>327 rounds of 223/556
>148 rds of 7.62x39
>4 rds of 300 win mag
>43 rds of 9mm
>27 rds of .40
>13 rds of 12ga 00 buck
>16 rds of 12ga birdshot
Am I going to make it?

What if we end up in a deflationary scenario?

Then cash is king.

>>17899932
0

>>17899968
So keep some cash then.

>>17900260
I mean, why buy silver in that scenario?

>>17899224
>400 bucks for 20oz of silver
What the fuck bros, I didn't know demand was so high

>>17900294
You wouldn't. Metals are not good for deflation.

>>17900309
Right. So why are people going crazy for silver rn? Do they not realize deflation is bad for PMs?

>>17899968
I don't know if deflation on it's own is likely anymore, deflation before hyperinflation (what I'm more worried about) is more likely.

>>17900382
We aren't going into deflation.

I bought new gold/silver eagles yesterday online. Is this the wrong strategy? I'm only seeing people buying either old/foreign coins or bars.

>>17900389
>>17900405
I mean at least in the short term you'll probably both agree that we are. The economy is on hold.

What is debatable is the hyperinflation theory.

>>17899932
Paper will go to zero because there is t any
Physical is fucking mooning

Best I can find after tax is 22/23 ASE or 17 for rounds

f

Please tell me the shortage we are having is because vendors are used to have low stock on them since metals market was small niche for collectors and few doomsday prepers.

Total silver noob here. Also europoor. Is this a good deal?

>>17901252
>1488
Holy shit (and yes it seems like a pretty good deal)

>>17899382
get on this level boyo

>>17900430

They're printing money to pay everyone for stimulus reasons. This isn't going to be a one-time thing.