/biz/ - Business & Finance

You did your part in draining the global reserves of physical silver. Thank you for your service.

>>53130424
I bought 2kg worth of silver around a year ago and they are currently even after dipping throughout the year. Now I'm going through the hassle that is selling them... I'll probably get hosed with fees and make less than what I bought them for, so the point of all of this exactly is unknown. In happier, bullish times I fantasized about getting the silver rendered into jewelry

CONVERT TO AEROSOL AND SPRAY THAT SHIT DOWN YOUR THROAT BROTHER IT WILL FIX. EVERYTHING.

>>53130424
Buy 299 more ounces and a few ounces of gold, an ounce or two of platinum, and wait 20+ years before selling. This is financial advice.

>>53130475
Don’t sell. Wait a decade at least. If you sell now you’re a fool.

>>53130475
Isn't the silver (and gold) meant to basically be a safety net against inflation? Basically I am splitting my money so that some of it is intrinsic and real.

>>53130424
You need to keep it from being tarnished. Make sure to lightly scrub it with a green 3m scrubby every few days until it shines bright.

>>53130512
Can I use the cloths used for cleaning lens's? I've got some of those.

>>53130505
Fiiiiine, though I could use the money...
I'm curious what you propose the value of silver will look like in a decade. I've had family that got washed on silver trading in the 80s.
>>53130510
The intrinsic value of silver is why I appreciate it, and I genuinely believe in it's use cases (technology being a big factor). I will direct this question to the first anon I replied to as they seem to know a thing

>>53130424
Absolutely fucking nothing

>>53130424
Based, I’m something of an acoomulator myself

>>53130475
>selling metals after holding a year

>>53133041
I'm a literal trailer park boy, picrel. What do you want from me!

>>53130595
don't trade it, metals are a hedge against FIAT which has an average lifespan of like 50 years or less, forget the dollar value,
silver could be worth 1000 USD but USD could be worthless
when it IS needed, it will be worth it's weight, in well, silver.
Look up what you could buy with oz of silver over the thousands of years of human history

>>53133075
fair enough, metoo, but read
>>53133079
and consider metals part of your retirement or legacy

>>53133090
>>53133079
Good advice and duly noted. Cheers anons :o)

>>53133098
and study this thing, good luck, my grandpa was a chiropractor and 80's conspiracy nut and stacked and buried thousands of ozs, only reason i know anytihng GL fren

You keep it in your safe for 50 years until you die and then your kids pawn it

Literally nothing, it's fun to collect but you're not going to make life changing money so what is the point, I liquidated all of my precious metals yesterday and bought more bitcoin

>>53130424
You get 3 69PBTID shills to spam your thread.

An ounce of silver bought a bag of potatoes in 1960 and an ounce of silver will buy a bag of potatoes today. You gain nothing as pms only counter the value of the dollar. In 2008 people fled to pm but now crypto took the spotlight. Get rid of it.

>>53130490

>selling

You cannot sell money, dummy. You can buy something with it.

>>53134126

>kids

anon...

>>53133120
>buried thousands of ozs
did he leave you any cool treasure maps or is all of it lost?

>>53134444
kek, it's all divided and stored and that's all i will say

>>53134126
heh, if you have any..
but it's your responsibility to teach them to be with it and try to only leave it to those you deem worthy.
the unworthy will always pawn off inheritance asap whether family land, businesses or pm's, its not unique in that.

>>53134296
Fucking liar. Potatoes were closer to .18 in 1960, a fucking mercury dime, maybe two. Potatoes now cost closer to $5. Barely a 1/10 of na ounce of silver.

Look at golds 1d chart it’s pretty gnarly. Either way you could just buy an etf or miner considering the long term macros. Disregarding any BRICs, apocalyptic, etc memes the chart is nice

>>53130424
You make it