/biz/ - Business & Finance

>>53502557
the copper, lead, and zinc mines extracting silver as a byproduct and selling it to cover costs certainly think so

>>53502557
probably better than cash, absolutely better than shitcoins like link. but that's a low bar

>>53502557
The silver shilling is a jewish deception.

>>53502557
If you're going to store wealth in precious metals gold is much better.
Silver is just not valuable enough per unit weight, and you'll lose a lot of money off the bat from the massive premiums.

>>53502557
Silver's price in dollars is extremely volatile. Pic related compares silver to investment-grade corporate bonds over the past 16 years.

>>53502905
That is $SLV not silver

>>53502557
Just stop investing bro.

>>53502974
Yes. Were the price movements very different between 2016 and now?

>>53502557
Any proper gains are wiped out when you buy and sell at a premium

>>53503055
Correction: between 2007 and now.

>>53502557
silver is a schizo meme and takes up too much fucking space, gold is an actual store of wealth

>>53502792
>Silver is just not valuable enough per unit weight, and you'll lose a lot of money off the bat from the massive premiums.
Ironically this might be one of silver's hidden massive upsides.
If it becomes more expensive, demand may pick up because the value density increases. It would then behave like a Veblen good/luxury good. Not because of "snob" effect, but because the general properties as an investment metal become better due to the higher price.

The theory behind this is that the physical
silver demand of many wealthy households is capped for silver by volume and weight, and for gold by absolute value. If silver increases in value, it becomes more attractive overall relative to gold.

The value density of the monetary metals is a spectrum in which copper marks the lower end. Copper and most non-ferrous metals are simply dead in terms of value density and will remain so. No one stacks physical copper. Platinum, palladium and gold, on the other hand, are at such a high level that price changes in terms of value density make little difference to most investors.

Silver is currently at a sweet spot to benefit from the higher value density factor and will become really interesting between $50 and $200 per ounce. Many investors will then run into their nominal limits in the physical allocation for the first time and no longer say "enough since now, let's add some gold" as they do today after they bought XX or XXX pounds of silver. For many small private investors, it may then no longer be necessary to stack any gold at all, since they will also no longer have to carry silver to death and will be able to accommodate everything in silver.

Metals is a good store of wealth, yes. However, anyone who buys metal with the hope or intention of flipping it for more paper is out of their mind. That isn’t the purpose of it and I think many are so used to dealing with stocks and crypto that they see metal as being in the same category, when it’s not.

>>53502792
>you'll lose a lot of money off the bat from the massive premiums.
The premiums are a temporal phenomenon.
Should high premiums be actually persistent they can be neutralized by buying/selling to the private market. Any high premium when buying should cancel out in the selling.

>>53502557
It's both, unironically

>>53502557
Shills make this thread 10x a day.
Gold is LITERALLY 20% better since it lacks manipulated Comex jew premium on retail price vs spot.
Unless you mine and smelt your own silver, gold is better.
But asset prices will also crab quarter to quarter for as long as *this* lasts as everyone parks money/liquidates to pay operating expenses.