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/biz/ - Business & Finance


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53286616 No.53286616 [Reply] [Original]

Gold and silver are worthless. They have literally dumped 90% since last year and won't stop any time soon. The thing about silver is that there's more than 100x as much in the ground as there is gold (which is also worthless), and its "industrial uses" are massively overrated because copper outclasses it for any conceivable use.

PMs are going to zero, you'll be able to get it for free off of craigslist soon enough if you're willing to go clean it out of dejected stackers' houses and transport it away. Furthermore, asteroid mining operations will be up and running by 2030 and they will QUADRUPLE the supply of gold.

There is little to no point in accumulating silver in 2023, when digital gold BTC exists and has replaced PM as an inflation hedge and store of value.

>> No.53286633

>>53286616
Gold and silver will get wrecked if the dollar spikes again

>> No.53286665

>>53286616
Hey it looks like the happy merchant
Guess I’m an evil racist and need to fuck correctory nigger dick to become trans and non racist

>> No.53286680

>>53286665
You must be a goldbug, I noticed Antisemitism is something that is intrinsic to your kind.

>> No.53286688

>>53286616
>They have literally dumped 90% since last year
Why do you even make the thread if you're shitting on it from the start.
Even if I were to agree with you that gold is shit, what kind of discussion could arise from this?
Clearly holding gold was better than holding Euro in the last year, and the Euro isn't down even 30%

>> No.53286710

>>53286688
Obviously you are wrong, any fiat is far superior to boomer rocks. They are worthless.

>> No.53286854
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53286854

Based boomer rocks fud.

>> No.53286877

>>53286616
Lmao

>> No.53287016
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53287016

>> No.53287067

This (((anon))) gets paid for replies. Ignore this thread

>> No.53288012

>>53286616
I'm in the top 5% of individual silver holders in the world. That's not as much as you might think but I love that I can walk into any coin shop in town and sell a little something and have enough to live off of for the next month. I live very small but I'm so thankful for it.

>> No.53288029
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53288029

>>53286616
Wow that's a really nice merchant

>> No.53288048
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53288048

>>53286616

>> No.53288074

>>53286616
if you factor in inflation, silver is down 90% since 1980.

>> No.53288295

>>53288074
Kek. Good one. It’s actually true. Anons to fact check this statement.

>> No.53288322

Any good internet couns to recommend?

>> No.53288338

>>53288322
Yes. Pepe pal has huge upside look on YouTube and you will know it’s better than good for quick money

>> No.53288498

>>53286616
Right now
>silver emoji round as low as 31.49 an ounce
2020
>I bought hundreds of ounces of maples, roos, and various other sovereigns for 19 - 27 an ounce
Yeah, the market for silver dumped more than 90% for sure.

>> No.53288780

>>53288012
>top 5% of individual silver holders in the world
how much troy oz to be in the top 5% anon? where can you see these stats

>> No.53289118

>>53286616
>They have literally dumped 90% since last year and won't stop any time soon

Not buying since shills are clearly trying to use reverse psychology to get us to buy.
https://www.marketwatch.com/investing/future/gc00

>> No.53290629

This has to be a bait thread. Earth is flat, space is fake and gay, asteroid mining is something only reddit believes in.

>> No.53290722

>>53286616
>They have literally dumped 90% since last year.
No they have not.

>> No.53292086

>>53286616
Ok, are you going to go convince the banks governments to just give up their gold reserves? It's useless right? Might as well liquidate it all and give more money to nig- I mean the people in need for social assistance for people

>> No.53292179

Same thread every week

>> No.53292211

>>53288012
based top percenter
>t. top 1%

>> No.53293217
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53293217

>>53286616
>Gold is up 16% in the past 3 months
>Silver is up 30% in the past 3 months
>Good mining stocks are up 30-40% in the past 3-6 months

Man, you couldn't be more wrong in your analysis. You literally missed the generational bottom AGAIN! Dumb nigger!

>> No.53293463
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53293463

>>53286616
reminder that gold & silver are the most manipulated market in existence. its rigged all the way from the top at the BIS (central bank of central banks) executed through the LBMA.

>> No.53293683
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53293683

>>53293217
>Silver is up 30% in the past 3 months
uh sweetie

>> No.53294813

>>53288048
where is the original please.

>> No.53294982

>>53293217
>generational
>again
lmfao

>> No.53295203
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53295203

>>53286665
i dont see it

>> No.53295291
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53295291

>>53286688
>>53286688
>>53286854
>>53288012
>>53289118

>> No.53295327

>>53295291
>holding silver
NGMI
I'll pay you spot price for that crap. Deal?

>> No.53295557

>>53286616
Today I learned that banks collect worthless shit

>> No.53295578

There are threads that show link is down 90% vs eth. This feels like a copy to attempt to troll pm holders.

>> No.53295619

>>53286616
Gold dropped just like every other market.

While it has no investment value it doesn't mean we can't use it as a resource.

But yeah, don't buy gold, it is as worthless as btc when it first launched.

>> No.53295635

>>53286616
>Gold and silver are worthless.
Are you retarded? If you went up to any human being and said gold is worthless they would call you a retard.

>> No.53295749
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53295749

>>53286616
This is a cope thread.
Should've stacked earlier faggot.
>PMs are going to zero
>muh digital gold
Said the bag holder.

>> No.53295787

>>53295749
how do I get on his level?

>> No.53295888
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53295888

>>53295787
If you wish to reach this level, it will cost you many sleepless nights.
If you play your cards right, you can win.
Shiny rocks will only get you so far.
Think bigger.

>> No.53295909

If they dumped 90% why didn't you buy

>> No.53296006
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53296006

Gold is going to ZERO