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/biz/ - Business & Finance

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20085916 No.20085916 [Reply] [Original]

talk me out of buying 500 oz of silver. Clearly the brr machine can't keep getting away with it...

>> No.20086361

>>20085916
>talk me out of buying 500 oz of silver
https://www.youtube.com/watch?v=a6P40wLThbc

>> No.20086435

>>20086361
second this

>> No.20086468
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20086468

>>20085916
Do it

>> No.20086469

dont do it. i made this mistake but i was just in a doomer mindset. when you die, your family will wish you had bought something besides heavy rocks.

>> No.20086485
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20086485

Do it do it do it

>> No.20086527

>>20085916
Don't do it the less people buy the lower the price will be so that I can buy MORE.

>> No.20086613

>>20085916
there's a lot of other hedges against the risks of holding fiat currency. a lot of other, better hedges like 1) property 2) mutual funds 3) commercial equipment 4) bitcoin. but by all means, if you are sitting comfy inside your house on the land that you own with your company matched 401k and roth ira maxed out, and you possess all the tools and equipment you would need to fix any minor problems with the house or car should they arise, by all means, buy 30 fucking pounds of silver

>> No.20086637

>no gold
B-but Anon at least get 1oz
And then get 300oz silver

>> No.20086640

>>20086613
everything in your post is wrong

>> No.20086646
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20086646

>>20086637
Based

>> No.20086653

they will be heavy bags, but at least they will also be shiny

>> No.20086667

>>20086469
why? your family can just sell your silver.

>> No.20086695

>>20086613
>buy 30 fucking pounds of silver
Its actually 40lbs. I should know since I bought 2 monster boxes and have been using them as impromptu weights since gyms are still closed in my commie ass state.

>> No.20086744

OP, buying PMs isn't a bad decision. But it's a low risk/low reward decision. Silver is essentially a savings account, you put wealth in and that wealth stays secure (whereas in fiat it's not even secure lol). But it's not really earning money on top of itself, maybe a 3x over years but that's mainly just relative to USD so negligible. If you're fine simply storing your wealth then silver is a great option, but I would recommend investing in things that will grow your wealth more substantially, at least with like 1/4 of your money.

>> No.20087110

>>20085916
come over to /pmg/ and say hi
>>20073973

>> No.20087130
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20087130

>>20085916
>Talk you out of a good idea
Buy why fren?

>> No.20087158

>>20087130
Also reminder miners have never been more under valued from the S and P since the 80s in its entire history.

>> No.20087174
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20087174

>>20087158

>> No.20087193

>>20085916
there are 4th of july sales at all major bullion dealers, don't miss out
precious metals discussion over here
>>20073973
>>20073973
>>20073973

>> No.20087273

>>20087174
>Gold miners relative to the US Economy
>SPX
>The Economy
christ what a retard...

As they say, the trend is your friend. However I'm still stacking some Barrick.