/biz/ - Business & Finance

>>51058454
Doing that now would lead to a civil war.

>>51058454
>Why do you even want a gun? They're illegal and the government police will protect you.
OP is a faggot.

>>51058474
>civil war
>2 weeks

>>51058454
>Low iq
>To retarted and afraid of the real market
>Hope to just sit on his ass while he gets rich
>Being easily manipulated

>>51058454
>the government would just enact a law to require all citizens
Clearly, that always works. You naive mother fucker. I bet you did all your homework your entire life of training to do what you’re told by authority.

>>51058454
They probably will eventually pass a law preventing the serfs from holding gold. But it's not going to happen at anywhere near the current prices. The current market caps of PMs are WAY too small to be a credible threat to the system right now.
Even back in the day, most ofthe gold was NOT turned in. Those that kept their gold saw an immediate appreciation from about $20 an ounce to $35. Gold is such a threat because it is widely trusted, easily tested and impossible to track.
Silver is a whole different ball game. They've never banned or limited silver holding, and I doubt they ever will due to its importance in industrial applications.

>>51058771
>from about $20 an ounce to $35
Try x85 if it stayed in the family, and it doesn’t tarnish ever. Almost like it’s the perfect asset.

>>51058454
Thats why I stack exclusively silver. Less chance of that happening

>>51058768
That's literally American history, fag.

>>51058454
because you're supposed to put profits in stores of value, not in green papers with dead guys on them

https://halturnerradioshow.com/index.php/en/news-page/news-nation/whoa-forty-one-percent-of-physical-gold-pulled-from-chicago-mercantile-exchange-in-one-day

So they’re going to outlaw what they’re doing now.

>>51058474
lol, this person doesn't know about basic history of bullion confiscation. Amerifats aren't doing shit as long as Cinnabons are hot in the oven and everyone's watching the nigger faggot league.

>>51058668
LMAO! It's been over since 2008 these guys have been saying. The fucked up thing is that they're right but it doesn't matter as long as everyone is fat and happy. That's the real enslavement, endless pleasure. All to keep you distracted.

>>51059438
Laws are for little people. Though one does wonder about the Constitutionality of the government declaring eminent domain on an entire resource with the stroke of a pen.

>>51058474
retard

>>51059438
Can you explain this further?

>>51058454
Most western countries have a fraction, a single percentage of the social, cultural, and ethnic cohesion that they did the last time this happened.

>>51058454
>the government would just enact a law to require all citizens to sell their gold/silver
Lost all my PMs in a tragic boating accident unfortunately. Not my guns though.

I do it because it is the most convenient and secure way to have a portable easy to store and secure value as a physical asset that is under my total control and cant be interfered with by some middle man.

It's also pretty and I like collecting it.

I don't put all my money in it, but it is part of securely storing value that ether I or someone I care about can later access decades from now when needed.
Some local government being dicks for a few years doesn't matter. I can wait them out or scoop up my gold and go somewhere else with ease.

>>51058771
After hunt bros incident, the only allowed sale of silver

>>51058454
Why would the government do that? What do they care if the price of pms skyrockets?

>>51060140
It makes the dollar obsolete

>>51060092
Yeah, they changed the rules on the Hunt brothers. I don't know the details, but it doesn't make sense to say "they only allowed sales." Theres two sides to every trade. For every seller there must be a buyer, or else the sale doesn't take place.
>>51060140
Well, they really cared back in 1932 because dollars literally were gold. The $20 coin had a little less than an ounce of gold. There were also $10 and $5 gold coins. Like any other government, they wanted to be able to print limitless amounts of currency, and they couldn't print gold.
It is commonly accepted that they care today because the dollar price of gold is an important indicator for the health and sustainability of the dollar system. If one ounce of gold suddenly buys a lot more dollars, there's a good chance that a panicked flight from dollars would ensue, taking away most of the power the banks and government curently enjoy.
I think the even bigger reason they want to keep the dollar prices down is because PMs are still fundamentally a very real threat to completely replace the current system. As long as the price is low, a transition back to a PM standard is very unattractive to the vast majority of westerners who own very little to no PMs. The transistion would neccesitate a massive dollar price increase for PMs and would be a huge transfer of wealth from the majority who hold none to those that do already have some.

>>51059438
literally a glownigger informant website

Nobody listened the first time and if they did it again nobody would listen. I will kill, rape, and ejaculate into the eye sockets of any and all federal employees and agents who so much as stick their toe within a radius of 5 feet from me.

>the government would just enact a law to require all citizens to sell their gold/silver at a fixed price, as they’ve done in the past.

No they wouldn't, the amount of gold and silver in the hands of private investors both in absolute and proportional terms is at an all-time low, so any risk to the monetary system is minimal.

On the other hand, in the 1930s, it was quite common for the average person to store their wealth in precious metals, meaning that to move to a fiat system, the government had to try and coax them into switching over. Even then, the number of people who actually surrendered their gold to the federal government was quite small, although they were persuaded to no longer use PM coin in transactions.

>>51058454
Precious metals are savings, not investment

>>51062243
>all time high industrial demand
>all time high retail demand
>unsustainable government manipulation of the price
>consuming more than we're mining
There's a lot of cope right now around the falling spot prices. Silver is absolutely an investment and a wise one at that. A single military smart missile requires over 500toz of silver to produce. Batteries for electric vehicles will eventually switch over to silver based batteries because silver is above and beyond the best material for battery tech. Solar panels all require large amounts of silver for the photovoltaic applications. It's as bullish as it's ever been, they're simply manipulating the price, and will continue to until the reserves are depleted. They will not tell anyone the reserves are depleted. They'll just start tightening the retail supply. They'll come up with reasons the comex cannot deliver. They'll do everything they can to keep the spot value low, right through past the death of the dollar if they have to.

Imagine a wasteland, madmax scenerio, where a gas station still has a physical sign set up for "$5.00/gal" gas. That's effectively what the comex spot price will be once this stuff is no longer held in reserves. They can put out a price all day, but it won't mean shit when the only people who are willing to trade you for the stuff want $1000+/oz for it.

its good to have if something happens to the banking system and we get bail ins/bank failures

>>51058474
Ahem.

https://en.m.wikipedia.org/wiki/Executive_Order_6102

>>51059780
>>51059923
>>51063567
The biggest difference between 1933 and now, of course, being that the US already WAS on a gold standard. Confiscating the gold, and subsequently devaluing the dollar, allowed the US to grow and get out of the great depression, which was of obvious benefit to the country as a whole.

In 2022, any idiot with 2 braincells can figure out that gold or silver confiscation will only serve to enrich the bankers and elites, and will leave (You) holding a bag of worthless fiatshit

>>51058454
When the US government made gold illegal for the private sector, it was not because gold prices were skyrocketing. In fact, the dollar was already pegged to gold so it would have been impossible for it to "skyrocket" in dollar terms. FDR made holding gold illegal to take gold coinage out of circulation and substitute fiat paper money in its place. It had nothing to do with the price of gold and everything to do with giving the government free reign on printing money.

If anything, we are approaching the opposite situation where the fiat party is coming to an end and gold will have to be remonetized to preserve the prestige of leading world currencies.

>>51058597
but it does kinda look like a merchant though.
this is probably a powerlevel test.

>>51063705
it's too late for most folks, they barely make ends meet.