/biz/ - Business & Finance

>>17890877
called it

I feel like we're at the precipice of something great. A new dawn. A new America
THREAD THEME
www.youtube.com/watch?v=4F7sdy2rZws&t=1545s

>>17890877
Pawn shops either are out or are refusing to sell.

>>17891153
We truly are in the endgame

God damn you /biz/ fags need to get in here

i got myself some silver ETF am i part of the family?

>>17890877
AHHHHHHHHHH
WILL THE METAL I ORDERED BE DELIVERED?!!
HOW MUCH SILVER TO MAKE IT?
HOW MUCH GOLD TO MAKE IT?

https://www.youtube.com/watch?v=CgLrr4ZS-ns

Supply and demand bitchez
GET SOME

Should I sell my stack? Found most of it in the wild for face value.

In Aus our biggest dealer (ABC) has stock.

>>17891428
>Should I sell my stack?
I'll buy it from you. What do you have?

What percentage silver and what percentage gold?

>>17891472
To each their own
I'm heavy gold

>>17891504
I see little reason to be heavy in gold when silver arguably has a greater upside.

Do you not think that's the case?

the only shop that still sells silver does with 100% above spot

>>17891456
30ish silver war nickels, 40 Morgan's, 40 walking liberties, a couple of pre 64 dimes, and about 80 pre 64 quarters.

I bought a 10 oz bar from SDBullion for $167.45 yesterday and now they're sold out. Free shipping. Shipped today as well.

Looks like the ACTUAL spot price is about $17-$18 and with most every dealer literally sold out, I expect them to be selling at $20+ soon.

The spot price right now is bullshit because of the paper market.

>>17891539
>Do you not think that's the case?
Nah man, like I said do you
Silver is set to explode. I have my reasons that are specific to me.

>>17891599
Well I'm interested :)

>>17891585
>30ish silver war nickels, 40 Morgan's, 40 walking liberties, a couple of pre 64 dimes, and about 80 pre 64 quarters.
Would unironically take that off your hands if only there was a viable way.

>>17891539
Silver is more of a lottery ticket, if it indeed becomes widely adopted as currency once again we will all be filthy rich, otherwise its meh.
Gold will have solid steady gains regardless.

>>17891609
well for one reason I already own an appropriate silver position. So I'm ready for the rocket launch.

another is I plan to buy property with the gold.

>>17891625
You can say even if it doesn't skyrocket it will still gain as much as gold. So silver is still a better option?

>>17891641
Like someone already agreed to buy property from you for gold, or is this some kind of collapse scenario?

Did you buy platinum when it was dirr cheap?
All gone now.

>>17891625
FYI during the 2008 crisis, silver did a 5x while gold only doubled.

>>17891699
>valuing God's Money in worthless fiat goy bux
You're gonna have a bad time

>>17891666
>still gain as much as gold.
Silver will gain more IMO
also checked

>>17891666
>or is this some kind of collapse scenario?
Well. . . its coming ain't it?
I'm fully expecting 1oz gold to go to 10k plus USD and silver to go 600USD-1kUSD

>>17891725
Why not be heavy in silver, then when it comes time to buy that castle convert the silver into gold?

I guess you're worried about silver not being accepted or something

I have a feeling not even one person here bought.

>>17891666
Not necessarily.. the silver to gold ratio has been getting lower and lower. I think its entirely possible that this may be the new long term trend. Gold will always be useful as a store of large amounts of wealth. I think silver will only rocket if it becomes currency again (entirely possible but may not happen in the world of electronic payments)

>>17891777
Jp morgan can create silver backed crypto.

>>17891777
How likely do you think it is that silver will perform at least as well as gold in the coming years?

>>17891768
>convert the silver into gold?
There wont be any gold to convert your silver into
you either have it now or you don't
Playing the ratio with conversions is a meme

Also like I said I have silver. I just have different purposes for each metal.

>>17891770
what's that

>>17891804
If it was crypto and easily divisible it would be more sensible to make it gold backed.

>>17891804
It could happen. On the other hand one of the benefits of crypto is that it is trust-less. You don't have to worry about a 3rd party doing it's job for it to work. We shouldn't have to trust that the 3rd party, JPMorgan in this case, is actually holding the silver. In the end the 3rd party tends to get more and more comfortable over time lying.

>>17891809
Well I have both silver and gold and basically think the 2 most likely future scenarios are as follows:

1. Massive inflation, causes gold to be store of value but people still use fiat for wages and purchases. In this instance gold will outperform silver (silver will still be better than holding fiat)

2. Complete fiat currency collapse, where silver is widely adopted as currency. Silver and gold will both moon but the gold-silver ration will revert to historical levels and silver will vastly outperform gold.

>>17892001
Ok, if we assign equal probabilities to both and gold doesn't ridiculously outperform silver in Scenario 1 than it makes sense to be heavy in silver (not that I'm saying you disagree with this)

>>17892001
There probably won't be massive inflation because demand for the dollar is actually quite high and is what is driving the supply to increase. Just my 2¢. I think gold and silver will rise in price significantly in the short term though because the demand is quite real. I'd swing PMs and hodl real estate.

>>17891697
>>17891770
fuck off glownigger

>>17892062
Not all of us live the USA. I'm in Aus our dollar is in the toilet (gold saved me), and also plenty of other countries having inflation issues.
But in saying that, in the medium to long term I can't see anything other than the USD also going the way of the Argentine peso with all the money printing going on.

Should I buy Silver tomorrow? Think like 100 shares of SLV

>>17891330
no sorry only physical pm counts, in a financial meltdown you'll lose your paper wealth regardless what it's backed by

I'm affraid I won't get the silver and gold I ordered last week.

The current premiums are insane right now. I actually paid less for silver back when the spot was at $18.

why is silver falling off a cliff?
I'm about to place an order once the local mint opens

>>17892052
I think it makes sense to have a decent stack of both. You can't really go wrong. Personally I don't want too much silver though because of transport and storage issues.

anons anytime you can buy silver eagles for under $19 do it, its not a short investment. but it will pay off, i fully expect silver to hit $45 by 2025

This is creating a bubble for precious metals, it will pop. Sell high in a month if you don't want to get rekt after the market recovers

If precious metals dealers are predicting such high future prices why are they selling them to you at current lower prices? Surely if they believed gold was going to $5000/ounce or whatever they wouldn't sell it

>>17892214
Jews liquidating their paper silver to try and entice market investment. Why is silver cheap as shit and sold out literally everywhere?

>>17892001

>Silver
>Widely adopted as currency..

Never.

This is how you metalfags cope.

Nobody outside of the precious metal circlejerk will ever use physical gold/Silver as a currency.

Why convience most normies are lazy as fuck and don't wanna carry around a bag full of shekels. It's why fiat money exists in the first place. Psper money is just easy to transact with. But you know what is even easier. Digital currency. Infact it's so easy most normies myself included don't even use paper snymore.

>>17892207
premiums alone aren't whats insane, look at the prices they'll buy your silver for. That silver eagle that they want to sell you for $22, they'll buy for $14.5
they're as bad as a pawn shop...

>tfw 6oz silver frozen and undelivered until God only knows when
I need reassurance that I'm going to get that stuff eventually, /pmg/.

>>17892146
The USD is still pegged to oil. I think the USD is much more in danger of deflation rather than inflation especially if this oil war drags on. You're right though about global currencies. I think a few governments might get into bad inflationary trouble. Maybe even bankruptcy.

>>17892263
Bend over and get ready for inflation to fuck you raw.

>>17892160
Sir, this is a thread for buying precious metals, not pieces of paper

>>17892302
>pegged to oil
...In the short medium term...

>>17892263
Nah it's only been used as a currency by every country in existence before the jews found out you could just print wealth. If the economy collapses your dollar will totally have value, I promise.

>>17892263
> reddit spacing
tell me how you know you get fucked in the ass by your gf every night?

>>17892302
>The USD is still pegged to oil.
try to redeem those dollar bills you have for oil then

>>17892263
>Normies are never going to stock up on supplies for shtf, that's too much of an inconvenience to them.

Now that we are on the Bulltrap region.
Things will calm down and take a breath.

Dealers will restock, while prices slowly go up on the Stock exchange.
Once its over, there will be another drop on PM untill we truly hit bottom and then We moon.

>>17892319

I'm all in Crypto. Let's see who makes out better

>>17892369


Until Bitcoin and Cryptos where invented Face it Cryptos are 200% superior than every way to gold/Silver if you don't realize that well you deserve to stay poor.

>>17892414
silver will hit like 25 before this whole crisis is over. but i'm telling ya wait till silver hits at least $45 in the next few years (2024-25)

>>17892382

I wouldn't know I'm a degenarate basement dwelling faggot who lurks 4chan all day

>>17892357
Til there's no more oil...
>>17892403
$29 is redeemed into a full barrel lol.

>>17892407

Lawl@all you TP buyers.

>>17892442

>>17892062
High demand for USD... A made up demand.

>>17892822
>a made up demand
No Saudis really are pumping billions of barrels and speculators really are buying those barrels at discount rates. It's quite real.

I wish this were true, lads

>>17892961
Whos at fault here? Saudis who are losing oil ( goods ) or usa printing money and buying these goods for their "paper"?

>>17890877
>Exeter's pyramid
>all caps screaming
you wouldn't happen to be this faggot, would you?

>>17893683
God I wish

aus market opens in 20 minutes fug

>>17893713
Keep us apprised, fren.

OUT OF STOCK REEEEEEEEEEEEEEEEEE
I'M NOT BUYING YOUR STUPID COMMEMORATIVE COINS FOR 50% PREMIUM

>>17890877
Literally every dealer out of stock or not delivering in UK.

Bump

Based AG bro's

https://www.youtube.com/watch?v=IJj61YFBDhA&t=5s

>>17891585
We're at the bottom you colossal moron, don't sell it now unless you can get 2-3 times spot, and honestly you're likely better off holding it to sell in the future.

so are the premiums ever going to drop while these spot prices are so low?

so why is the price going down? shouldn't it be skyrocketing? my GLD calls are hurtin here boys

>>17891867
a gold chart by someone who doesn't like log scale.

>>17897275
It's probably going to accumulate in this range for a few days before it makes its next big move.

What do mean I can’t just hold fake paper metal, wtf bro’s?

So, what happens to paper silver?

>>17897275
See
>>17892259
and
>>17891593

150oz of silver
2oz gold + 12 grams.
9.4k in fiat

>>17892254
Because prices are on the way down for the next few months. Always do the opposite of what Joe schmoe does

>>17898178
So what you're saying is to wait a couple weeks before buying more for my stack

>>17898024
Lol WHAT? Surely this price is not real

G-guys. What if we're heading for DEFLATION instead of inflation?

Wouldn't that mean cash is king?

>>17892254
They themselves probably already have huge personal exposure and just want cash

>>17890877
I need some advice, I have a gold ring with a diamond in it worth 10k from my japanese grandparent. How to sell it?

>>17891428
You deserve to be poor if you sell right now.

>>17892227
>by 2025
a 4x in 4 years in a crypto board
YAWN

I just dropped my fat eth stacks on this

>>17898252
I think 1994 and 1996 were key dates. One of them is for Proofs only.

>>17898517
>fat eth stacks
>1toz
uhh i hope you bought more than one???

>>17898571
yea

apparently the price on this site is jacked up, but its the only site in stock

>>17898141
Damn those coins are pretty sexy actually, kinda regretting my cast bullion choice. ABC fag here

>>17898277
Don't sell family heirlooms for fiat anon, don't be that guy mate

200 Oz silver bullion
2 Oz gold
am I finna make it senpai?

>>17898630
I'm the opposite, I fell for the "premium coin" meme
The shop is still buying everything back at the same price (under spot obviously)

At least I did not buy those retarded PAMP bars sold at crazy stupid premiums

>>17892535
try $450

If both parties in Tachyon's Dynamics session are acting in their best interest then there won't be fraud.

If you're only just now looking to buy pms, this is gonna end in tears.

>>17892263
It hasn't even been 150 years since silver was used as a currency

>>17890877

>1240 oz silver
>13.4 oz gold
>2 oz platinum

I will make it.

My big question is, if the US bans short selling, will JM morgans giant short that has been supressing prices for years close out and allow silver to go to THE FUCKING MOON? Thoughts?

>>17892283
>That silver eagle that they want to sell you for $22, they'll buy for $14.5

the absolute state of silver cucks
Hint: The worth is determined by the price you can sell it back for
Hint2: Once all the panic boomer orders have been processed and coins are back in stock you will be JUSTed even more

>>17892263
Silver/Gold as a currency and a gold/silver-backed currency are not the same.

>>17890877
>MOST BULLION DEALERS ARE RECEIVING A MASSIVE DEMAND SHOCK
>HIT UP THE FOLLOWING:
>PAWN SHOPS
>LOCAL COIN SHOPS

I just bought some gold and silver eagles online, though. Should I be worried about anything?