/biz/ - Business & Finance

>>25287094
kek is this from /pmg/? they're really living in their own world. imagine relegating your entire existence to a single thread on an indonesian shitcoin forum

>>25287094
so he beats the 2.6% by a hair and loses the rest to inflation.

>>25287094
This probably would work, the danger is in if the ETF pays out in the even in a massive rise in Silver.

>>25287138
I actually used to frequent /pmg/, but you’re right these people are living in a world of their own delusions. I originally invested in precious metals after learning about fiat currency and inflation, and I bought silver to protect my purchasing power against the collapse of the dollar. But these retards bought silver to MAKE MONEY on it, which even most people in the precious metals world will tell you is a retarded idea. I’ve tried to tell these idiots dozens of times that gold and silver are good for protecting your money, but are an absolute idiot’s choice for making money compared to stocks, bonds, cryptos, etc.

>>25287653
>>25287367
>>25287194
>>25287138
>>25287094
>1 post by this id
This thread (((GLOWS)))

>>25287713
go back to /pol/ retard

>>25287094
You know you’re doing something wrong when the entire fucking rest of the board hates you

>>25287094
i listened to pmg on mining stock during the summer and lost 20% of my account

>>25288163
Kek sorry they duped you, good thing I never listened to those bumbling retards. They literally shill mining stocks day in and day out now, no different than Pajrrt scammers

>>25288163
>B-but the bull market is coming any day now!!

>>25288291
>>25288753
dumped all my miners to go all in on meme stocks, made a full recovery + profit

>>25288163
Don't listen to the fucking retards who shill shit like Butthorse and Asscana. Had you bought something like aftermath silver you'd have doubled your money. I stopped posting here because these chimpanzees literally just shill garbage non stop and when you try and post about things that actually are performing well they ignore it. Convinced that 90% of PMG posters are literal mongoloids- have you seen all the fucks that post
>iz dis silber
With a picture of some lead forgery they bought at a flea market for 60$? Pretty amazing bunch of morons here.

>>25288772
>But mining stocks doubled in price from 5 cents to 10 cents in the 60’s so that means it must happen again!!!

>>25288810
how the fuck do you even begin to find good mining stocks though

>>25289005
You don’t, just like any other stock you throw money at it and hope you make some back. I don’t know why those buffoons think mining stocks are some sort of magical investment

>>25289005
Find someone who's actually made money doing it and mirror some of their investments is my suggestion
>>25289324
Their logic is 5¢ stock will go to 5$ and they own 1000 shares- desu it's painful owning commodities my portfolio swings by 10k+ a day

>>25287094
>>25287138
>>25287194
>>25287653
>>25288078
>>25288163
>>25288291
>>25288753
>>25288772
>>25288810
>>25288847
>>25289324

>>25289787
>it happened before so that means it will surely happen again!

>>25289856
are you implying that it's not possible....?

>>25289928
I bought in 2017... I want to believe.

>>25289928
Past performance does not predict future results

>>25290132
thanks for teaching me, master

>>25289856

It happened every single time before, not simply once. First Majestic Silver went 150x from 2001-2011.

>>25290132

All you have to do is understand cash flow and the leverage which higher silver prices will afford to it to know that, yes, the past _will_ be the future. If it costs you $17 to produce a silver ounce, and silver goes to $300 an ounce (less than half of its inflation-adjusted 1980 ATH of $800), and you produce a million silver ounces a year, then what's your cash flow per annum at $300 silver? Then consider that good mining stocks trade at 10x cash flow, and at 30x cash flow in miner bull markets. Are you starting to understand how stocks which only have a $100-300 million market cap at present are going 150x yet?

>>25287094
But the g/s ratio falling is bullish as fuck ya silly goose

PM ETFs are a huge scam but having a 1000 oz suicide stack of Ag is a good idea.

>>25292170
100 oz is probably the suicide stack. I've got a couple times that tucked away

>>25288163

AXO, HL, and UUUU are all up. Most mines go up eventually, unless the mine folds before it even begins operating.

Also, like everyone else said, precious metals are a savings account in physical form. If you're making profit off of it, your cash is increasingly worthless. that's the entire point of keeping precious metals. I have a couple hundred ounces of silver but I'm not looking at it like shorting stocks.