/biz/ - Business & Finance

>>29248078
Not buying your bags PMSer

>>29248078
Dude you got to do both. Plus stocks and real-estate

The funniest part about these /pmg/ fanatics is that APMEX has accepted Bitcoin for nearly a decade now. So does the Schiffster's company.

I e-knew a guy who mined 20,000 BTC in the runup to 2013 and cashed half of it out into a mix of fiat and gold at an average of $600 per BTC. How much has your silver bought you, OP? As much peace of mind as, at this point, a bit less than six hundred million dollars?

>>29249100
>I e-knew a guy
e-excuse me?

>>29249100
they don't accept bitcoin, they only accept dollars
the bitcoin you send goes to an intermediary that swaps your btc for dollars and hands the dollars to the jewish gold guy

>>29249258
Ah well that changes everything then.

The level of disconnection in the silverbugs is astounding.

>>2924807>>29249177
Over the net

>>29249100

Markets are like the tides. The tides of gold and silver are eternal, predictable and the fight is wise. If you want to join the game of where the top is, keep buying crypto until your money disappears. Your friend is sitting on a lot of gold anyways, hopefully chilling somewhere.

even if silver squeezes it only goes up like what 2x? I'd still like to see it squeeze just to see the corrupt bankers go bankrupt

>>29249376
Translating: bitcoin can come back to whence it came with a stroke of a legislator's pen, silver would be the people reclaiming it's right to a store of value, since gold is for the rich and bitcoin is not a fucking store of value, just gamble bonanza.

>>29249376
yeah there is no point taking on that amount of risk in crypto when you already have generational wealth. imagine a freak accident where he loses access to his wallet, all the money would be lost forever. much better to cash out chill and do what you want in life, start a business or charity or investment firm or whatever instead of as you aptly put, playing the game of timing the top.

>>29249454
I don't see it happening, but if a squeeze happens, it will be in such a scale that there will be a global economic catastrophe. Most major banks will have to be bailed out or become bankrupt and completely liquidated. It is the world's largest short.

It will 10x MINIMUM. This squeeze, if squoze, would make a GME squeeze look like absolutely nothing.

>>29249454
They're gonna send some stock up 2$ and they'll start creaming over their boomer rocks
>"OOOOoooohhhh I'm ACOOMOLATING!!! WE DID IT SILBERBROOOOOS

And then they won't take any profit because they're mentally ill with an ossessive compulsive disorder.

>>29249454
More like 2x minimum. Can you say that with the same certainty about bitcoin? Don't like 2x? How about miners for 6x? Don't like 6…? Options on miners for your infinite. Im talking predictability, attacking the foes with intent. Or you can keep buying penny stocks and penny crypto and maybe make 10x once after you lost 10x what you made on gambles.

>>29248078
>not buying both
I'm like 95% crypto because rocks don't appreciate in value (not that I need them to)
Got $10 face value of merc dimes today

>>29249676
I'm fucking 29, unlike you I just studied enough history and am not an actual ape to know the difference between history in the making and noise.

>>29249857
>history in the making and noise

I'm sure you are.
Totally not a deluded faggot like the milions of conspiracy theorist before you.

>>29248078
Whats the suicide stack?>>29248078

>>29248078
I'd do it but riddle me this.
Once you buy, as a small retailer, how will you sell? You're gonna get scalped 30% to sell your precious metals to some scammer. Or hope that someone else buys your silver off ebay. For cryptocurrency you just log on an exchange and press the sell button

>>29248078
Its the best store of value at the moment, no doubt. But buying silver isnt going to make you rich.
What am I going to do with 1k of silver?

>>29250420

It doesn't matter. Keep it there, those 30+ ounces are bound to be worth whatever things trade for in the future. I don't know what's wrong with you people, go fucking ride a bike for Uber and buy something with that capital instead of gambling the shit you have in expectations of outlandish profit. Your methods tell me where you'll end already. I've lost 100k in March through margin calls on silver crash, a bit wiser I'd have taken silver future deliveries and have went from 10k in stocks to millionaire. Not that it matters, just showing it's possible.

>>29249735
will look into AG calls if the premiums aren't too bad

>>29250420
I bought a few kg of silver on my 0% apr credit card. It's a very small portion of my overall portfolio. If silver were actually gonna squeeze and take down the system, then silverbugs would be maxing out all their credit cards to buy physical silver and fully leveraging margin on ag calls. But they don't put their money where their mouth is, which tends to support >>29249676 's sentiment (although I find it crude)

>>29250419
Skip the middle man, sell on eBay, reddit groups etc. Lots of people will gladly buy your shit slightly lower than what they'd pay from a bullion seller.

>>29250892
I had mini futures, leveraged ag positions and physical. I realise stock profits on silver bars to protect me from myself. Good luck

>>29250940
I had a bad experience on ebay the one time I tried to sell something. I bought some earbuds and didn't like the sound, put them on ebay and the guy broke them and returned them to me saying they were broken. I don't care about the money, the time and stress was not worth it. Would never sell silver on there.

>>29251109
you're not like the silverbugs he's mocking, which is why that guy is retarded, but the sentiment does apply to those boomers you see leaving reviews on apmex lol

>>29251131
Check pmsforsale on reddit. They are organized. I'm not in the us unfortunately.

>>29251207
Man being retarded is not always how you win. I gambled hard on corona and through margin the 30pct losses emptied my account. Silver rocketed way past where I was before, showing that being right does not mean you'll make money on margin. The rich people WILL DESTROY PRICES before they cover and let it run. They know retail is stupid and will lose all of their money to them, this is why there is wisdom in boomer stacker logic. Let's all grow up, we will be soon as old as boomers are now anyways.

>>29251245
do you have a time horizon? I'm currently playing the spac bubble, but if spacs die I will probably move to playing silver. there's a new post by the happy hawaiian btw haven't read it yet (long) https://www.reddit.com/r/wallstreetbets/comments/lnzeho/the_silver_short_squeeze_is_glaringly_obvious_to/

spacs are too lucrative rn to give up, but ideally I will make enough from spacs to be able to buy silver before the crash, and then I will sell my silver to buy property. (doomsday scenario) the bear case for silver is that it never squeezes and equity market bubble lasts for years, while holding relatively depreciating rocks

>>29249796
Based.
>100k in crypto
>20K in silver
>just bought 200 junk silver coins

Stacking and crypto go hand in hand, both are because we believe the current fiat system is a flaming bag of dog shit

>>29248124
we aren't selling

>>29251654
Time horizon is this commodity bull run. Target is 15 gold to silver ratio, because fuck comparing silver to dollars, worth less than toilet paper. Basically, I see gold at 5k+, would take silver to 300+ in the new 5 years.

Simple info for you fools who can't read: silver is mined 8:1 to gold and is actually CONSUMED by industry, whereas gold accumulated. It trades now close to 70 fucking times less than gold.

Moral of the story, buy Ag to get rich, buy physical to get safe. Don't think you can trust your wallets, brokers and banks. They can and will fail.

>>29251525
fair point anon. i don't mean to disrespect boomers in general especially those who know what they're doing. stacking physical silver is the way to go ultimately. but there are still some nutty hobbyists out there. and there are probably many people who spent their whole lives crying about the gold standard while missing out on equity gains

>>29252273
what is suppressing gold's price? I remember reading some gold to 5k+ DD a few years ago, forgot the details though. do you have a position in gold or any other commodities? also how long do you expect those prices to last before falling, or do you expect those to be the sustainable new normal

>>29249567
boomer there is no more risk losing acess to your wallet than losing access to your gold.

>>29253015
crypto has serious custody worries, and cannot be insured, also not physical. gold is a lot safer. crypto also performed much worse than gold during the March crash

>>29253015
I'm also not a boomer. I am overall bullish on bitcoin, but there are risks

>>29252963
Plenty of things, like the fact it doesn't make you rich overnight. If silver won't make you a millionaire gold won't get you even close (i love the miners though, again, we are going into a commodity super cycle). But that's only for us dumb retail, the other reason is stock market rallying hard. But it's a question of timing, gold has outperformed nasdaq in the last 40 years. Also of course, comex manipulation, but they can only do so much. Gold will break over 2100, but next time it reaches that silver will be 50.

>>29248078
>Just buy silver
premium is too hhigh when you sell

>>29253207
Both are assets that are heavily manipulated. Bitcoin, Gold, Silver, well especially silver, but all of it now. It'll be intriguing to see how they approach the current fundamental problems with the system, whether they do a hard shift over the next decade, or let it run unabated for another few decades and it comes completely crashing down and leading (likely) to wars. If I had to choose between Boomer Rocks and Millenial Bitcoin, obviously the rocks will retain actual value in the event of a crash, which is what makes this thread even more retarded. Under our current system, Bitcoin is an asset class that's moreso for yolo gambling to realize large short term gains whereas gold/silver is a historical currency and store of value that's meant to be used as a hedge against fiat collapse so you retain actual wealth in such an event. The silver squeeze is such a retarded meme though. Bankers and govt have plenty of tricks left to continue suppressing it for another 5 or 10 years around $30 or less. Silver is a strategic resource of great industrial and military importance after all. Either way the kikes will win with silver. Those few of us who stack it will be alright in such an event as a squeeze, but who do you think owns the vast majority of the silver reserves?

>>29253796
lmao this, people that bitch about gas fees never tried selling silver

>>29254080
so you are still stacking silver despite knowing it's manipulated?

what is your strategy / hedge in the event of a crash?

>>29253706
>
true. we are in a rapidly accelerated phase of society rn so "get rich quick" quality / meme power of an asset is best predictor of price action

>>29254984
The manipulation is the reason to own it. Prices are artificially kept down, good to accumulate. Will be hard to keep it controlled for long in the age of th internet who has figured out already how to deal with financial shenanigans, like GME, who came close to bringing the system down even being a single meaningless broke stock. Who needs a hedge in this market? The bankers better have a hedge cause they are about to get fucked, no lube. Bitcoin on the other hand will make them rich as fuck, as peasants follow rich people before the rich people sell.

>>29248078

Lel I cashed out 0.5% of my portfolio and bought 2300 oz of silver. Fuck you smoothbrain.

>>29254984
>So you still stack it despite knowing it's manipulated?
Of course, anon. I diversify, I don't throw my whole nest egg into a single pot, that's just asking for trouble if it doesn't play out the way you want it to. I try to keep 10% of my portfolio in physical Silver, not miners or stocks or anything of that sort. I don't even bother with gold, personally, since it's always been used as a store of value for a large reserve of wealth whereas silver operates as both day to day currency historically and also a reserve when kept in large quantities. Until the dollar and the u.s. economy truly redlines to the point that it has to go tits up and come crashing down because the bankers and govt have exhausted all their tricks, fiat is still the medium to use and have for investment and portfolio growth. When it becomes more apparent and likely of an imminent crash within a few years I'll probably increase my holdings of silver physical. Gold/silver in your possession, as well as real estate, will be the best assets to hold in the event of a crash, for the majority of people at least. But if you're waiting until a crash is right around the corner to try and cash out into physical reserves to retain as much of your wealth as possible when it happens, well that rarely goes well due to so many others doing the exact same resulting in scarcity and massive premiums.

>>29253796
pretty sure a lot of dealers are paying over spot right now

>>29248643
this, imagine being a nocoiner boomer w only gold and silver that can and WILL be stolen by niggers or the government.

the true chads buy both crypto and PMs. if a black swan event happens in crypto and crashes it to zero, gold/silver is the first thing that will pump.

>friend of mine buys silver
>he's excited about the price going up
>brings it up occasionally
>the more he talks about it, the more people joke behind his back
>calling him "long john silver", "coinstar", "doubloons", "sammy silverhands" "judas", "silver surfer" etc
>girl he is trying to bang told me she found it sad because he "couldn't afford gold instead"

please, please don't get into "stacking", bros. it's just a weird hobby

>>29256181
>not shekels

>>29256181
>t. jew

>>29248078
Have both. It’s called hedging.

>>29249258
JMBullion accepts crypto but imagine not having both

>>29248078
seething oldbug lmao.

this is the 21st century. there is no place for luddites like you.

it's a digital world. you're living in it. get with the times gramps.

mfw musk tows a fucking gold asteroid to earth orbit.

buy silver cutlery and other things
that way you can actually use it usefully

>>29248078
I can still buy cups and plates made of this shit at thrift stores, why the hell do you think it's a worthwhile investment?

>>29248078
I have 5000oz silver and I'm getting impatient. What will it be worth in 5 years?

>>29256819
Asteroid mining is a pipe dream, retard.

>>29257622
Depends on how governments and central banks react in their monetary policy to silver becoming a more scarce reserve with higher demand while the fiat debt system slowly goes tits up. Silver and gold is meant primarily to serve as a hedge to retain wealth in the event of a black swan-tier economic event happening, not to be a short term massive gains investment.

>>29257622
imagine buying five fucking thousand ounces of silver without an investment strategy

Oh yeah, nice comfy silver thread.
Get the goldfags out of here, they don't know value.

>>29256181
I wear a gold chain. been complimented on it by several women in bed. no girl would say I can't afford gold, that's retarded. also my last name is literally silver.

>>29255495
>>29255718
thank you for the well thought out responses. do you guys know what other countries, particularly china, think of silver?

>>29258027