/biz/ - Business & Finance

>>29752782
PMs aren’t really an investment in the sense of expecting any return. I think a lot of PM boomers are too inarticulate to convey that.
Nothing wrong with holding a little but I can’t image putting any more than like a few percent of my net worth in an asset that’s supposed to be more or less flat performing.
>GOLD IS REAL MONEY SON!

>>29752782
>btc down 10% in 24 hours
>my silver increases in value by 20% the moment it's delivered
lol

>>29752782
I'm so glad I stocked up on physical silver and silver mining stock. Silver is a gold mine really. Check out Fortuna Silver Mine as long as it's still cheap.

>>29753141
Zoom out.

>>29753141
imagine comparing two long term investments over a 24 hour window

>>29753320
Shhh don’t tell them. These people love to look back at 2600 years of human history but cope by zooming in short term time frames.

>>29753320
Silverfags have always been traders in denial, and extremely mediocre ones at that.

almost every video promoting muh metals is saturated with doom porn fantasies. There's some in crypto too but not near the extent of metal fags, dumb bastards are going to die hodling shinny rocks while the greatest transfer of wealth in human history takes place.

>>29753596
Covid was literally there ideal DOOM situation look what happened there LMFAO.

Imagine being contempt and making sub par gains while you can 10x in crypto or 50+% in stock. But oh wait that actually requires an investment strategy and a brain to not be tricked by boomers.

>>29753739
The shills are out in full force huh? Still not a single logical argument against holding silver. You know you can have btc for speculation as well as physical silver at the same time you dipshits?

>>29753995
I have gold and silver. I’m just not retarded to put a significant of my net worth into them because they’re no longer money ever since countries moved away from the gold standard. Again nothing wrong with precious metals they’re a good hedge but the /pmg/ are literally doomsday prepper who can’t make any money and cope by buying boomer rocks.

>>29753739
some of us buy miners for speculation along with physical gold and silver you moron

>>29754395
Read my previous comments I have nothing against gold and silver they have uses, i’m making fun of retards who have precious metals as 30%+ of their portfolio.

Read nigger, oh by miners you mean those BTC mining companies? Just own the fucking coin at that point you tard.

>>29754549
No, real miners.

Also all you retards in this thread just simply go see how gold and silver have performed in hyperinflation scenarios. Or dont, I dont really care.

i just like the pretty rocks

>>29755317
>see how gold and silver have performed in hyperinflation scenarios.
They crashed like everything else and didn't recover until months later...

>>29754549
>BTC
Bitcoin is biggest scam in history. It's ponzi scheme. Not only are transaction slow by they are also expensive. If you try to buy coffee with Bitcoin not only coffee will be cold by the time you get the fees will be higher than the coffee is worth. Silver is better for making payments than Bitcoin.
>retards who have precious metals as 30%+ of their portfolio
At least we invested in something that will never lose it's value. Real retards keep money in saving account.
And if Satoshi dumps on you or China pulls the plug on miners you're screwed.

>>29755832
>At least we invested in something that will never lose it's value.
Bullshit. Silver and gold are not keeping up with inflation and thus they ARE losing their value.

>>29754302
Kek my literal feeling on the matter.

>>29755939
>>29755675
>They crashed like everything else and didn't recover until months later
What part of hyperinflation you don't understand? Nothing loses nominal value in hyperinflation.
>Silver and gold are not keeping up with inflation
They always keep up with inflation in the long run.
Banks try to manipulate the price to keep faith in fiat. When COMEX defaults metals will moon.

>>29755939
Shh don’t tell him that, he might grow a brain LMFAO. Remember they’re thinking silver gonna moon because of an event i. The 1960s meanwhile we now have crypto.

>>29752782
I literally just want big treasure chests full of gold coins and precious gems.

>>29756268
What part of BTC also moons during periods of unrest. Look at fucking greece, nigeria, argentina, venezuala, BTC trades at a fucking premium.

Imagine thinking that it should be normal to carry gold around for transaction.

Hi can I get a happy meal? Sure that’ll be 3 slivers of gold.

Sure let me just cut my silver bar and weigh it carefully.

This is your brains on PMG LoL.

>>29753021
The trouble is that PM boomers fud crypto by rambling about mad max doomsday scenarios that would make their gold and silver equally worthless. All of the strongest goldbug boomer arguments are actually arguments for hoarding weapons and preserved food on a remote homestead.

>>29756401
>he thinks that pmg don't have crypto
Silver is better investment than BTC.
Silver can exist without Bitcoin.
Bitcoin can't exist without silver.

>>29752782
>This clown economy can go on forever
>Nothing bad ever happens to the economy, line only go up
>Everything bad has already happened in the past, and will never happen again
>MMT makes sense
>Bubbles will never pop again

This is how you sound.

>>29756773
Why are you so butthurt. I never implied that i’m saying /pmg/ are fucking schizos who cope because they can’t make money so they pile their net worth in boomer rocks. Again learn to read or have the fumes coming off your rocks sapped the intelligence away from your brain.

Of all the people I know who had a high precious metal portfolio, he was also the worst financially responsible person.

>beach house
>home
>boat

Still working in his 60s when he should have retired.

>>29756613
Good point. I guess they expect us to go out and buy old silver dimes to manage daily transactions. What a fucking hassle.

>>29756832
Line does go forever look at the history of the S&P. We get corrections, but that what they are corrections. You know you’re suppose to buy the fucking dip right?

>>29756773
>Bitcoin can't exist without silver.
...you must live in some alternate dimension than the rest of us.

>>29756613
>BTC also moons during periods of unrest. Look at fucking greece, nigeria, argentina, venezuala
Only because they can sell it to buyers in other countries. Global crisis would make it obsolete.
I want to buy bag of rice.
Silver transaction time: instant fee: zero
Bitcoin transaction time: couple hours fee:another bag of rice.
And that is assuming that network can still process transactions under heavy volume.
Bitcoin can make only couple transactions per second. Global implementation is impossible.
Crypto will flourish in SHTF but it won't be BTC.

>>29757409
>Silver transaction time: instant fee: zero
Ridiculous. You have to meet the person you’re paying which requires time to travel, and you expose yourself to unnecessary risk in the process.

>>29757409
In periods of unrest you must also assume an increase risk of violence. It much easier to steal gold than it is to steal crypto.

Also in those countries with unrest, guess what, they still have the internet. You guys are asking for an EMP level solar flare to wipe us off to the stone age. This is why you are a joke to the rest of the board.

>>29757326
The US is in a debt trap like it never has been. Bond yields are rising, the USD is going to hyperinflate or lose reserve status in the next 5 years.

>Inb4 milkshake theory
>Inb4 no other currency to become reserve

Turkey has shown us what happens when a sovereign nation loses faith in its own currency, they don't pile into USD

>>29752782
When you put it that way yea its pretty sad.

>>29757409
>Crypto will flourish in SHTF but it won't be BTC.
Why wouldn't both, though? BTC remains a store of wealth/is limited to large and infrequent transactions, while other coins handle daily-driver use. Seems like a perfectly workable system, no?

>>29757850
It always doom posting with you /pmg/ fags. Covid was it, covid was your event and look at it. Nothing fucking happened while BTC 6x.

Just say you don’t know how to invest and let the big bois in funds do it for you.

>>29752782
I liquidated my silver the other week. It was a pain in the ass. I dont even want to think about if I had put that 600 into crypto instead of buying that shit. I'm down like 80$ right now but I can hold.
It did its job holding value. But I didn't make anything. Which is gay. I also had to go to the post office which is ultra gay.

>>29752782
>2021
>Buying crypto instead of being a silver-stock chad

>>29752782
Wtf does Dave Ramsey have to do with gold

>>29758268
Smart man, the only thing pmg says is correct is the central bank are scams, but they can’t connect the other half that precious metals decoupled from money decades ago.

If gold and silver is so precious, why did the spanish crown defaulted four fucking times while having the largest precious metal reserves from the incan empire.

Makes you hmmm?

>>29756401
this whole thread is you just posting >OMG SHH LMFAO THIS
please fucking kill yourself you obvious child

>>29758182
I choose to invest in real money
But I have some crypto too

I have $30k. Wat do

>>29758182
Alright this may be a thread for dumping on PMG but SMG delusion may honestly be even worse.
>He thinks the full financial implications of COVID have already played out, that none of the problems were can-kicked down the road, and that none of the ongoing policies will every truly backfire because STONKS ONLY GO UP DIAMOND HANDS MY FELLOW REDDITORS
Jesus.

>>29758484
I got some precious metal too, i’m only making fun of the people who are ALL IN precious metal.

>>29757388
Silver and gold are used in electronics you can't make computer without it.
>>29757575
>You have to meet the person you’re paying which requires time to travel, and you expose yourself to unnecessary risk in the process.
Maybe, but I don't see another way to check product before buy. In time of civil unrest scammers will try to rip you off. You won't be able to make refund.
>>29757642
>In periods of unrest you must also assume an increase risk of violence. It much easier to steal gold than it is to steal crypto.
Do you think they will try to hack you? No, they torture you unless you give them your key or send BTC to their account.
Bitcoin is the worst crypto to use for transactions. It has only speculative value not utility. It requires massive power hungry infrastructure to barely function. If something happens in China you guys are screwed.

>>29758586
Im actually in Oil right now, waiting for sleepy joe to bomb some syrian kids. You would know there more stuff to invest in if you weren’t such a retarded gold bug. My portfolio been green while the tech kids are getting creamed.

>>29758591
They're still ahead of the people who just leave it in their bank accounts

when I am rich I will buy silver, but until then the gains from crypto are too potent to make investing in any other asset worthwhile

>>29758620
Hack me? How are they gonna hack the blockchain? Do they know my private keys?

Same thing can happen to pm holders, they can kill you and grab your shit from the vaults. Think before you speak. It just easier to be discreet with crypto since you cant see it and feel it.

>>29758812
i just have 40/60 silver/crypto portfolio

>>29758182
The lack of understanding of economics here is just sad.

>>29758981
The lack of understanding commerce here is just sad. How about you post your precious metals portfolio gains and i’ll post my crypto gains?

>not rolling crypto profits into silver to avoid taxes in minecraft

the ultimate red pill

>>29758906
Most cryptocucks don't own any weaponry almost everyone in PMG owns a gun. How will be easier to rob.
>discreet with crypto
Yeah, Ledger leak showed how discreet it is. Criminals will get info about your Bitcoin payments and will come to your house.

>>29758591
Silver-stock chads >>29758336
know that they'll get the 150x sooner or later, might take a few months, a year or two, but it's coming. If you buy crypto it might simply dump to zero any day. Pure gamble and you're also buying into an immoral ponzi scheme which is directly set up to distract attention from the Silver Bullet.

>>29752782
Dave Ramsey does not recommend PMs at all you fucking retard.

>>29759256
how do you buy silver with crypto in minecraft?

>>29759429
>If you buy crypto it might simply dump to zero any day. Pure gamble
How's your Fund doing, Peter? Still worse than literally just having a savings account full of cash and doing nothing at all?

>>29759429
Crypto cant dump to 0.

If bitcoin dumps to $0.01 i'll buy all of them.

>>29757642
>Oi, that's a nice sheet of paper you got there. 24 words.

>>29759633
moneymetals will accept payment in eth, btc, ltc, usdc directly. APMEX uses bitpay.

>>29758443
Its pretty clear that crypto is the way millennials will retire. Anyone who can't see that won't make it.

So many metal fudding pajeets out right now

>>29759856
doesn't your purchase get reported?

>>29759942
Metals aren't an investment. Even the big nose Peter will tell you that.

>>29760044
2+2 only approaches four right?

>>29752782
they dont even have A LOT. okay if youre a richfag and buy some gold bars to lock away in a safe somewhere and hold onto FINE. thats not bad. but these fucking losers taking pictures of puny $50 silver coins is a fucking joke.

im a newfag and threw 4k into stocks and crypto and shit and made 20k and walked away.

>>29759934
>millennials will retire
Anon, I...

>>29752782
https://rumble.com/vbh0hf-episode-6-twix-warfare.html

OP is a faggot

>>29759960
how? the only info they have is my shipping address.

my kids will inheret this

>>29755832
>eth is up 63,000% in 5 years

come on man i used to say that shit too but you cant throw a little bit of cash in when its low?

>>29760122
Its the safest way to save money. That's for sure. It makes great gifts too. I give silver to my family for Christmas. But it won't make you money. That's all I'm saying.
Allah forgive me for what I'm going to say, the jews agree with me

>>29760406
I just like the way it feels and looks

>>29760145
You should have at least left the initial investment in lol

>>29752782
huh
dave ramsey hates precious metals.

>>29760377
>ETH
Good luck getting raped by gas fees.
I have some crypto. But not any BTC or ERC-20 tokens.
I try to finds crypto that has low fees and is really fast.
Something that might be used during hyperinflation.

>>29760470
Its fun as hell to play with. I kept some 100+ year old coins when I sold my stack. Morgan's are awesome coins to hold. Bars are fucking cool too.
I also have a ms70 silver proof Kennedy half that I'll never sell. Its a work of art.

PMs are the only real investment on a long enough timeline, good luck with your illusions and paper :-)

>>29753596
yeah if you're all-in PM's and ignoring the opportunity of crypto you're a retard.. not all of us are like that. I got rich off LINK and i just use PM's to store my excess money cause i don't trust CAD or USD.

>>29760884
or any fiat money for that matter.

>>29760791
it was just an example. i think its garbage made by a pedo but 6300% is fucking insane. i put 1k in crypto and it turned into 17k

>>29752782
I have both it and gme/amc filtered

>>29761050
I'm not anti crypto.
I only hate cryptocucks and Bitcoin maxis.

>>29752782
> Dave Ramsey
> Precious Metals
https://youtu.be/7FBo467hLzQ

Try harder.

If you have actual money you should have a stash of metal just on the off chance the shit really does go down and we're really back to a barter economy. It is far from certain that we won't ever be hauling wheelbarrows of cash around and being able to buy shit with silver coins instead is worth spending a few thousand to get a few hundred ounces.

what goldbugs and silverfags don't understand is the the mad-max collapse scenario that will supposedly lead to their boomer rocks being worth a fortune is a marketing scheme created by the people who sell gold and silver in the first place. None of that shit is every going to happen - but it has been making crooks and snake oil salesmen like peter schiff rich for decades, so it is understandable why they keep pushing it. My advice is to understand you were scammed by these people and your boomer rocks will never be worth shit and to invest in something legitimate.

>>29761500
>scammed
>holding real money

lmao

>>29761500
Buying commodities is never a bad idea family, overdoing it is the real problem, no different from retards yoloing their life savings into Bitcoin.

>>29762180
Yes this is what im criticizing. If you go into /pmg/ you have faggots thinking there gonna be a black swan event ant somehow they become these fuedal overlords.

It fucking cringe, not only that they also double dip by investing in mining companies.

>>29761500
not a mad max apocalypse of course, but the fiat system collapsing is likely. all fiat currencies have went to zero, in all of history, every single one without exception. i convert some fiat to pm's for mostly that reason only. hyperinflation.

>>29761500
>invest in something legitimate

Like your crypto bags? I'm letting the BTC and Theta I got last March ride for now but ain't buying more until another broad market crash.

What stonkfags and cryptocucks don't understand is that when faith is lost in fiat the speculative vehicles for growing that faithless fiat will be seen as too risky if not fundamentally worthless so thousands of redundant cryptos will die as people gravitate to hard assets like they always have for thousands of years. Sure, I like gains from trading the crypto tulip bubble like anyone else but am not retarded enough to actually believe this discombobulated frothy shitcoinfest is the new paradigm. Protect yourself and prepare for contingencies because if things get hairy I'm not trading produce from my orchard and gardens for fucking LINK, lmao.

I'm more like a collector.
I got my first silver coin panda when I graduated.
If some people can "invest" into crypto that has no use i atleast own a piece of shiny silver metal.

>>29763481
based

>The dollar won't collapse
>Why?
>It just won't! Okay?

>>29756613
Dum fuk, you don't stay in a country with a crashed fiat currency, that's less than a year from becoming commie hellhole. You drop a few gold coins to buy an exit ticket. Fuck your $2 daily purchases

>>29763481
none of that shit will even happen you conspiracy faggot

>>29763481
>muh thousands of years
There are already millions of Africans who transitioned to using crypto transferred on cheap mobile phones in their daily business and lives because faith in their institutions to manage a stable and reliable currency is nonexistent.

Crypto paradigm isn't a weird and remote pipe-dream that's going to get abandoned in hard times. It's *already* the cheapest and easiest thing for a population that doesn't trust its trashcan governments/bankers to do.

>>29753021
This. If you already have a bunch of wealth, PMs are a good, safe way to preserve that wealth as a hedge against inflation. But instead, they're shilled by goldbugs as being a good way to actually become wealthy to begin with, which is just ridiculous.

In order to make tons of money off investments, you have to get into something very early on before widespread adoption. That's why crypto has such good returns, because even a decade after BTC's launch, it's still very early in its overall adoption curve in the grand scheme of things, and more so with smartcontract stuff. Meanwhile, gold finished its adoption curve thousands of years ago. There's nothing new there that would trigger massive FOMO.

Which is why shiny rock boomers constantly resort to these ridiculous LARPy mad max scenarios, because it's literally the only possible fucking situation in which some gold coins would ever make them "rich".
And if they want to keep circlejerking over "real money", fine. I just wish they would stop trying to fud crypto just becaue they have a major case of sour grapes about being left in the dust in terms of ROI.

>>29764283
>he thinks fiat currencies have never crashed, even in recent years

are you retarded?

>>29764135
dollar collapse isn't an argument for PMs though, since the exact same situation benefits all other assets as well, including crypto, stocks, real estate, etc.

>>29756752
a lot of /pmg/ guys also horde weapons and ammo as well as their PMs though, spend 5 minutes to scroll through the thread and every other picture is them with their silver sitting next to piles of guns and ammo. the chad strat is to just invest in a bit of everything, stonks, crypto, pms, guns and ammo, etc

>>29764326
My net worth is getting close to a million and I have about a thousand USD in gold just on the off chance it moons one day.
If we end up in mad max territory I have ARs and AKs for that.

>>29764302
>There are already millions of Africans who transitioned to using crypto transferred on cheap mobile phones in their daily business and lives because faith in their institutions to manage a stable and reliable currency is nonexistent.

Fair point, but the only reason they use cryptos is because they are convertible into strong currencies. They transact in BTC not because it has any intrinsic value independent of fiat but because it, for now, serves as a proxy for the USD. In countries with shit currencies they also love using US federal reserve notes and dollar coins, but that doesn't mean the dollar paradigm will be any more eternal than the crowded crypto scene.

That said I do indeed wish all cryptozoomers well, I'll need some bagholders propping up prices when it's time to cash out my 20x and convert to superior assets.

>>29765556
>They transact in BTC not because it has any intrinsic value independent of fiat
The "intrinsic value" meme is the most dangerous error of the PMGboomer crowd tbdesu. No, ancient Romans did not maintain a mutual agreement at the societal level that gold was legal tender because they knew that someday a tiny sliver of the population would find a way to make electronics out of it. Everyone just agreed that shiny rock good, and its properties as a non-reactive noble metal with functional scarcity on its side kept it reliable.

This is why hardcore goldbugs struggle so much to form a logical and useful mental image of the future of currency/trade, and so frequently resort to absolutist doomsaying about how the whole world is going to collapse and make them neo-feudal Lords to justify their strategies. Their whole theory of Value and Trade is just bunk on a fundamental level, so they struggle to imagine how things will actually happen into the future.

>>29752782
I don’t mind Peter Schiff so much (still trades his gold for cash and crypto tho) but I fucking hate Dave Ramsey. Dude thinks you should worship your bank. Don’t invest, pay your massive dent they’re about to forgive. Lol.

>>29757326
Look at Rome’s S&P.

>>29766716
Look at crypto, there something to always replace it. You’ll need an area for fucking commerce you tard. It will not be gold and silver.

>>29756752
They just come off that way, anon. Many of them horde guns and such these days especially since the 8 yrs of Barack Nigger Hussein Obombya did them no kindness.
I've always seen gold and silver as being distractions among many for boomers. Since they're a generation that was manipulated the most to get us to where we are today. Worst part is they sink all their income there but never use their money together to accomplish anything like a real party should.
There's really no argument to holding gold and silver unless you expect there to be an extreme scarcity at some point due to technology or advances in it or some other reason for why gold would go up in price due to demand for it. Even then if technology is advanced enough then the scarcity wouldn't even be an issue due to something like mining an asteroid or what have you.

I mean that's just fucking around in the idea box though and not anything new that no one here has probably heard of or posted before.
So in the end for me I just think of gold/silver as being just an asset holder that really won't ever peak beyond need for it technologically and with the amount of it just around our atmosphere or god knows where else on this planet even. I doubt it will ever become scarce enough to be needed

awww are the crypto moon babies feeling insecure? have to make a thread attacking pmg? never seen that before. sad

>>29766311
>shiny rock good
Look at periodic table. Nothing can replace gold there isn't any other element or molecule that has the same properties. Your reductionist view at this is typical for fiat apologist. And crypto is still fiat at the end of they. Bitcoin can be forked thousand times but gold cannot be easily reproduced.
>>29767081
>fucking commerce
If commerce is important in crypto space why 2 most popular cryptos are terrible for commerce? Silver is better for everyday transactions than BTC or ETH.

>>29754395
>some of us buy miners for speculation
Which is a contradiction of the PMG thesis. You need to hold physical gold and silver for real earnings because stocks, paper money, and all that are house of cards. But somehow gold miner stocks arent a scam. In a financial collapse the NYSE will honor your stock certificate that doesnt even exist in a physical space anymore. Stocks are all digital now.

>>29766716
Look at Romes silver history. Had to devalue it several times because the mines ran out and they needed to pay the legionnaires. Wrecked an entire economy several times over.

>>29753021
fpbp
>>29752782
Because it's a safety, like land or a home.
>>29754395
>some of us buy miners for speculation
now this is an actual retard

>>29768108
But do you notice how you've moved away from trying to make the "intrinsic value" delusion make sense, and are now focused on insisting that the cryptographic properties of BTC and ETH are inadequate substitutes for the chemical properties of Gold?

Welcome to discussing the real issue. Currency is *all* a game of picking a Token with more or less stable supply that doesn't decay across time and can't be counterfeited, and agreeing at a population level that the Token will embody the web of abstract promises that constitute ongoing Trade into the future. "Intrinsic value" has absolutely nothing to do with it.

The tiny subset of goldbugs who reach this stage generally read one (1) paper defining problems like forking and the Trilemma, declare the entire space DOA, and never read about what's happening in the space or its ongoing development ever again. How you're going to proceed from here is up to you fampai.

>>29769491
Ding ding ding, good luck to getting /pmg/ to admit it.

>>29769491
"intrinsic value" has always been a meme. what crypto moonboys like you don't understand is that gold and silver don't just have some abstract nebulous "intrinsic value". quite literally our civilizations would cease to function without these metals, especially silver. go look into industrial use cases.

>>29766311
>Everyone just agreed that shiny rock good, and its properties as a non-reactive noble metal with functional scarcity on its side kept it reliable.

Nice materialist perspective but it overlooks the critical and central spiritual/religious/cosmological meaning and value independently culturally imbued into the metals all around the world long before monetary systems were invented. Cryptos may be a convenient way for pajeets and those early on the curve to get rich without actually working or creating anything of any real value whatsoever, but Cryptos will never pluck the strings of ancient cultural memory like gold and silver. Good luck but I'm not keeping my winnings in the crypto casino forever, I don't mind being diversified but it is too new and unproven and untested by coming legislative controls for me to trust as a long-term vehicle. Crypto maxis are no different in my eyes than the 1960s sci-fi dreamers who thought we'd be in flying cars now instead of dodging typhus-infected vagrant shit on our way to diversity & inclusion training sessions. A crypto-standard future may well arise someday, but not before gold and possibly silver reprise their well-established monetary function as reserve backstops for loss of faith in fiat. Basel III my man.

>>29752782
Black swan event IS coming.
Can't know if it's in 1, 10 or 100 years.
Can't know if PMs will be any help, probably not.
Can't know if humans will even survive.

>>29770901
Please refer back to: >>29766311
The use or value of precious metals as Currency and a store of Value has absolutely nothing to do with their utility as modern industrial raw materials.

>>29771386
it absolutely relates to it being a store of value in 2021.

>>29752782
bitcoin and all the shitcoins have literally scam wicked to fucking zero on multiple occasions.
>muh digital gold

>>29771098
>Nice materialist perspective but it overlooks the critical and central spiritual/religious/cosmological meaning and value independently culturally imbued into the metals all around the world long before monetary systems were invented.
No, it doesn't overlook that at all. "Shiny rock good" is shorthand for exactly the infatuation you're describing. Aesthetic and Spiritual infatuation facilitated the metals' adoption as a Token embodying the web of mutual promises referred to in >>29769491

No, this does not mean a monumental change at the core of our spiritual being is going to be necessary for crypto to become the norm. Digital USD ledgers are *already* the predominant locus of trade. It's really not going to be as difficult as some of you imagine it will be to transition to digital ledgers of something other than USD as faith in that USD collapses.

Is $4.69 over spot good?

What is the point of PMs when 40% of their marketcap will be shifted to crypto?

Imagine where gold will be if there was no crypto
At least you will be able to buy a nice gold toilet for MUCH cheaper in the future with your crypto profits

>>29755675
You can buy a months worth of groceries in Venezuela for 1oz of gold. That’s what most people who stack PM are worried about. Not “xd mad max” but when the economy is so completely fucked that people need a different form of money to fall back on.
>inb4 muh Bitcoin
Can’t really function as currency and is entirely speculative nowadays. A decent crypto could actually be used as currency if they weren’t all being used as lottery speculative bs.

>>29772376
ah, see, now you are stumbling on something interesting. where would PMs be without crypto right now?
now ask yourself, why might crypto have been invented in the time period that it was?
hmmmmm

>>29772119
What do you believe the transition away from the USD and other mismanaged currencies would look like? How would advise someone to position themselves?

>>29752782
Why are you shareblue niggers using the exact same tactics, Pepes, and iToddler filenames you used to attack Trump General on /pol/? I'm buying more silver now.

>>29772038
No. If you don't believe me, then go find the nearest /PMG/ and tell all the boomers in it that they're fucking retards for thinking they're holding "money" instead of investing in industrial commodities. See what they say.

>>29753141
you mean
>>my silver decreases in value by 20% the moment it's delivered

premiums say Hello

>>29772824
You can also buy months of groceries with BtC.

You fags like to tout gold in inflationary situations but don’t want to look at the value of BTC in these solution.

>>29757062
are you a loner virgin by any chance?
>beach house
based
>home
based
>boat
based

seems like a fun dude to be around with you sound like a giant faggot that likes anime

>>29763481
You know in the Weimar hyperinflation that actual good value stocks wound up higher after the whole thing than they were before. Crypto, little do you understand, IS good stocks. Just because you're too fucking closed minded to see all the real stuff with real use cases and real adoption doesn't mean it's not happening.

>>29773529
Either be a BTC maxi or build a more or less blockchain-agnostic portfolio with utility tokens like LINK and GRT while keeping your eyes peeled for the rise of a stablecoin that achieves a more or less workable trilemma-solution with a user-friendly experience (likely to arise on ALGO or some similar project).

>>29773125
Pretty good take. I think many people just gloss over the fact that most crypto is centralized, created by the few for the many, including BTC, and it is not at all suspicious that we have an anonymous unknown mystery creator named satoshi, and we somehow trust this creator and the small team of Core devs to have and keep the best interest of the many over themselves.

Crypto works geniusly towards the end of fiat, end of the middle class, etc. You lure in all the anti-fiat "free thinkers" who would otherwise keep their purchasing power in PMs. Then you rug pull them in mass. Blame it on North Korean hackers. The narrative can accomplish many goals. Those free thinkers are left in poverty and pose less threat to the implementation of the post-fiat system.

No pmg thread and I find all of you in here? Someone bake pls

>>29753021
>be more or less flat performing
So what you're saying is that a gold standard would stabilize the economy.

>>29775715
>Crypto, little do you understand, IS good stocks
CP in BTC blockchain.
NEXT!

>>29776088
You'll be very happy hanging out with the BSV and/or XRP schizo crowds, go find one of their threads.

>>29769491
>"intrinsic value"
Intrinsic value is marxist meme that allows them to justify value of labour and changes is social order and dictature of proletariat that provides such labour.
Value is determined by people it's not intrinsic. But value is derived from utility and rarity. Market price don't always reflect true value of good. Is canned shit worth more than ounce of gold? Market says yes but most people wouldn't agree.
Utility of Bitcoin is limited and rarity is negated by forks. Bitcoin is spent energy and gold is spend labour. Gold is based on itself or God. Bitcoin is based on miners.
Gold is necessary for existence of human race. Bitcoin will be pushed in obscurity by another asset. In past gold was used as status symbol and is still used for making beautiful objects. Bitcoin is just 0s and 1s. Most people will have strong feelings for gold object. Bitcoin will only force them to express disbelief of its value.

>>29775424
Imagine wanting to wage in your 60s. In your fucking 60s.

>>29776639
>Intrinsic value is marxist meme
Absolutely, 100%, pants-on-head retarded.

The dunning kruger is incredibly strong with cryptofags. There have been multiple opportunities to buy gold in the past 100 years which would make a person wealthy. If you want to argue whether or not this is one of those times go ahead. But dont act like gold will just sink to 0 from here on out because youre going to look absolutely foolish when it does the opposite. Cant believe you zoomer faggots cant even be bothered to look at a simple chart

>>29777062
Nice double top fag.

>>29777133
Sure if you want to call it a double top over a 50 year time span lol. Glad youre reading investopedia though scout

>>29775862
Thank you for sharing anon, that sounds eminently sensible even to a simple rock collector. I will diversify a bit more in the event the Basel III accords don't presage the monetary resurgence of Gold and the material demands of the global "green new deal" doesn't pump Silver but simply don't have the faith to ever be a full-blown BTC maxi. Good luck and thanks again.

>>29756773
nah

>>29776972
So Marx didn't believed in intrinsic value?
KYS

>>29777133
god you're stupid. you probably didn't even look at the x axis kek

>>29777133
Wow a 2x that takes a literal lifetime

>>29752782
>able bodied young men
Go on hoarding greenbacks, boomer

>>29777468
Wouldn't even try to talk a rock-collector out of holding some safe funds in them as a stable asset. I just shit-talk rockboomers who try to fud crypto and say they'll be the nouveau riche of the post-apocalypse.

>>29777820
It took you 20+ years to reach the same dollar value as 1983, meanwhile the dollar purchasing power has decreased.

Idk that the exact top but let say it $2,400 it took you 20 fucking years to get to that level, meanwhile you’ve lost $4,000 in purchasing power.

Literally kill yourself boomers.

>>29755488
this

based and boomer pilled.

I hold silver, gold, btc, ada, real estate and a bunch of etfs and stocks.

How retarded to you have to think only 1 is viable. Maybe if your some shitskin poorfag who makes 200 a month washing dishes in some polluted city, where your currency gets devalued 20% over night. Then yeah go all crypto. But if you are western world and 1 investment to rule them all mentality might as well go to pol. You are are hopeless.

>>29773125
>why might crypto have been invented in the time period that it was?
Even if you are correct, it would be better to be all in crypto rn and covert to PMs later on when they are much cheaper. This will take a decade or two. Until then, crypto might keep going up and PMs will get crushed.
You will be able to get much more gold then

>>29779285
yes goyim put your fiat into the crypto black hole void do NOT invest in physical precious metals now while you can before the global run on them completely blocks you out

>>29752782
Laughing stock? They're some of the chillest and comfiest people on this board, some have very informative things to say like pan man, and don't fucking spam wojaks the moment something turns red.

>>29767672
A crypto moonboy will never understand the pleasure of having silver divvies shipped directly to his front door.

>>29779567
>goyim
I'm literally a jew lol.
>before the global run on them completely blocks you out
That can happen only if there is a catastrophic event and by that time all your gold/silver will be taken from you.
I'm trying to help you fren, PMs won't be going up until the day that we no longer have /pmg/ threads on biz

>>29752782
soon frens

>>29780900
>I'm literally a jew lol.
no shit kike. back to plebbit.

>>29752782
i dont give a fuck.
im piling into gold and silver miners at a rate you wouldnt even believe.
also some gold/copper and polymetalic.
my shiny rock producers are infinitely more valuable and useful than your imaginary ethereal shit coins.
oh and i get dividends too, they pay me in actual cash i can fucking use to buy shit with like food. you know, the shit that is essential for maintaining life on earth. thanks for your concern.

>>29779285
>Even if you are correct, it would be better to be all in crypto rn and covert to PMs later on when they are much cheaper.

Or your gamble fails and the COMEX breaks in March/April/May and you lose everything. Bad idea to wait.

>>29752782
Nothing wrong with having some shiny rocks. Once I hit 7 fiat figures in crypto I started putting a couple percent into boomer rocks. Will probably keep doing this too.

Just checked the gold chart, you'd have to be RETARDED not to understand that all that wealth is getting transferred into BitCoin. Gold is just not liquid enough for what it offers, BTC is better.

>>29753312
Zoom out even futher

I'm supposed to hodl right, right

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

getting rekt on pms this week, getting rekt on crypto this week too
fucking kill me

>>29784686
Oh ya, I'm so into Open Ledgers and $xXHASHXx$ moneys that can be frozen on a whim.

I'll take the physical and xmr, you take the paper and BTC. See you on the other side, phag

As a true aryan who doesn't use reddit, I want to lose 4 percent of my net worth a day to own the jews.

>>29758182
>Covid was it, covid was your event and look at it.
That ride has just begun

>>29756575
THIS I feel like a fucking pirate when I look at my stack, and the sound it makes when you clink them together is beautiful

>>29758182

>Covid was it, covid was your event

COVID was the contrived excuse for the event. The "event" is still coming. Bitcoin is intended to divert capital from physical silver and serve as a distraction from the "event."

>>29758182
>always doom posting
The size of my PM stack is an inverse correlation to the amount of faith I have in the current economic paradigm.

>>29752782
>sapped away by men like Dave Ramsey and Peter Schiff
I fail to see how they benefit from people buying metal coins, to hedge against inflation. But then again most tards on /biz/ only understand crypto and nothing else.

>>29767672
Pic is me. 40k shares. Have a nice day cryptofaggots.

>>29786484
Based

made just under 2m in crypto

bought a few thousand ounces of silver

see you in the next economy

i dont think theres anything wrong with having a modest store of precious metals in case SHTF but i cant see it as a good long term investment

>>29778019
If you live only a decade, it does

>>29753312
based reply

>>29762364
>>29772824
>You can buy a months worth of groceries in Venezuela for 1oz of gold.
I think you meant silver anon but yes that’s right.

>>29752782
>move my btc once from a wallet
>costs $9
>move it again
>cost $9
>move it to binance
>removing it costs $3000000000
Lol awesome currency and/or store of value, pal.

>>29788836
IDK who has done their taxes yet but there are questions about crypto wealth and gains. I saw somewhere that they are going to jail and fine people who don't report.

PM is not an "investment" it is a safe haven to get into after you have secured your 3 B's.

Bunker, Bullets, Beans - prepped up for SHTF, now you need something to preserve value which has historical constancy

gold and silver, will be valuable

plus if there is a black swan you can get housewives to suck you for a silver dime at the supermarket

>>29789215
>I saw somewhere that they are going to jail and fine people who don't report.
Good. Hope they lock you troglodytes away, forever.

This thread is extremely cringe and makes me even more bullish on PMs

>>29775141
>premiums
You mean the actual price for the actual thing and not some digits on a screen?

>>29789845
same.

The fact that these kids feel so insecure that they need to attack PMs every waking minute of the day tells me i'm right.

>>29788805
Yeah I meant silver but I mean you could also buy a month’s of grocery with an oz of gold if it’s tons of caviar and lamb testicals or weird shit like that.

>>29784895
Expiry?

>>29789495
Beans, bullets, bandages, bunker, bullion.

>>29753021
This, it's better than just storing money in my savings account and it's even harder to spend than crypto. I have no intention of flipping PMs for a quick buck, that would be literally fucking retarded.