/biz/ - Business & Finance

>>30310330
what crypto did you sell? How much did you buy faggot? tell us everything!

>>30311206
ETH, BTC, and LINK, mostly ETH though. 5.5k USD from crypto in total, and i got 20 of these babies https://www.apmex.com/product/27087/10-oz-silver-bar-apmex

Why?

>>30310330
>when you finally realize silver has no value and its just gold that does because silver is useless and has no usability

>>30311539
Inflation

>>30310330
No, no its not and I have 50KG of the stuff and a KG of gold physically (and more electronically via a physical backed audited ETF) but I have that because I have about 16 million euro in assets and can afford it where as you OP are just a simple vegetable like lifeform.

>>30311539
because silver kills crypto too. The reason for bitcoins and consequently all cryptos creation was to be a store of wealth that cant be inflated into oblivion by the central banks. Well silver does that directly, so crypto isnt needed anymore. Once silver is back, crypto will plummet.

>>30311579
this but literally the opposite, silver has 800 milion ounces of use per year between cars, jewelry, silverware, industry in general, laptops, iphones etc, all use silver. How much gold is used per year anon? Silver will go to 1:1 with gold. Gold is held up by faith alone and because its shiny. Silver has built in function. Pic related

>>30311668
50 KG of silver ust flew over my house

>discount
Zoom out.

>>30310330
Well done anon
You're officially a financial terrorist now

>>30311539

>>30312163
50kg isnt that much... literally like 1 btc.. I hope someone who mined btc in early days would spend atleast one btc on physical silver.

>>30312473
>50kg isnt that much... literally like 1 btc.. I hope someone who mined btc in early days would spend atleast one btc on physical silver.

I honestly don't give a shit, silver will 100x easily, cryptos will carry on for a bit... but what happens to faith in them when the faith in the USD is destroyed? All cryptos are simply based on faith and hype.

In my opinion people will reject the faith/hype based currencies and go for something real with intrinsic value, historic precident, cant be printed out of thin air like fiat, etc.

More silver has been bought last month than the previous 20 februaries combined... theres record breaking demand.

Thus silver.

>>30312866
How does this make this less of a bubble? If everyone is buying the top of silver to hedge against the economy they're creating a separate asset bubble.

>>30313779
Silver needs to go 40x to reach its inflation-adjusted ATH of $966 and on a historical basis has virtually never been lower than it is now

>>30313779
because regardless of anything the industry demands 800 million oz per year.

It's not a bubble if its historically worth 400x what it is now. We're simply brining it out of a pit, not making it a bubble.

>>30313779

Its not a bubble. A bubble is when the price of silver gets artificially inflated as opposed to its market value. What you are seeing is an old timey bullion run on the banks.

This is a historic event that a bank never really prepares. A bullion run is their worst nightmare and so like a cancer patient that releases histamines and antibodies that attack the body in the hope the cancer consuming cells will die, JPM and LBMA are lowering the price of silver and gold hoping the plebs will walk away thinking gold and silver is a wasted investment.

The opposite will happen, just like cancer cells that get nourished by the antibodies that the body releases using it to attack the body even more. Cheap silver and gold is just going to drain their physical reserves even faster than if they allowed the price to rise.

If the price rises, JPM LBMA COMEX cartel is on the hook for the shorts which will mean they need a fed bail out 10000X greater than the 2008 crash which means they are officially broke.

Its a satanic bind they are in....just like a cancer riddled patient. Either you commit suicide now by killing yourself with a bullet...allow the price of silver and gold to rise and get a fed bailout, exit commodities banking...or prolong your miserable life by continuing to short until the last bar leaves your warehouse just postponing the day of your impending doom!

>>30310330
>THIS TIME IS FOR REAL
THEY HAVE BEEN THAT SINCE THE 80'S

When?

>>30314242
>THIS TIME IS FOR REAL
Silver went 36x in the '80s so that sounds pretty real to me

>>30313779
The point is that it cannot be easily converted to real money so it creates an artificial hold incentive. Sound familiar to any other bubble asset?

>>30314234
Q said buy silver! lets short squeeze DA JEEWWSS!

>>30314646
>I just straw-manned people who buy silver as anti-Semites and Q-supporters, I win!

>>30310330
Based. I sold off 20% of my crypto for precious metals

I joined the silver squeeze

>>30310330
sold ur crypto in a bullrun for a metal you don't know how to use and hasnt moved in 20 years nicely done you are definitely a biz user

>>30314603
Real estate?

>>30315352
>Buy high, sell low

>>30310330
I appreciate your confidence but wouldn't have been smarter to put 50% in silver and leave 50% in cash just in case some great investing opportunity arrives at your doorstep?

>>30314646
Jews are evil incarnate. You are a kike. Fuck off.

>>30315898
let shills shill
the amount of bullshit shilling literally made me agree with OP for my final bit
fuck this digital prison this society was described in a poem i was read by a liberal teacher ironically: the ones who walk away from omelas
we are both the ones in the human zoo and the ones watching. we need to walk away. mouse utopia collapse imminent on a human, global scale.

>>30311587
>>30312049
Why the fuck do you assume silver would be the de facto physical store of wealth?
The options range from a petrodollar to bullets depending on how fucked things are after the crash.

>>30315527
bitcoin is the only crypto? thanks didnt know that just sold everything for steel