/biz/ - Business & Finance

>>53696019
Silver is psyop run by bullion and central banks so the accumulate cheap gold in preparation for the Great Reset. You are absolutely correct only poverty stricken /pol/ chuds buy shillver.

how does it set u back when the money u spend is retained in the value of it just sell it back lol

>>53696183
Retard take. Silver is more of an industrial metal than gold and the supply is only 16x of gold. The only industrial advantage gold has is its inability to tarnish

it's kind of crazy when you look back into history and see that goldcuck vs silvercuck seething has been going on for centuries. it's like bitcucks who rage about "alts"

>>53696019
I can tell math isn't your strong point (not sure if you have one but whatever). There is simply more upside to silver. Silver will hit $44 before gold hits $3,600. And there's the inflation aspect. There's more gold than silver.
It's that simple.
but hey, buy another gold coin, prove me wrong.

It's funny that you refer to something you consider as an investment to "set you back $x"

Real confidence there eh? Set you back from what?

>>53696019
Silver market cap is squeezable. Gold is not. A distributed Hunt Bros style cornering of the market by the general public cannot be stopped.

>>53696285
>Set you back from what?
From losing most of it in stocks, bonds, cryptos.

>>53696191
You would need the 60k to purchase a kilo of gold in the first place.
>>53696216
True, haha.
>>53696269
In the past 10 years, the price of silver has fallen 30% - Gold, on the other hand, has had it's price rise consistently with inflation. Do you know why this is? Because silver isn't desirable. People (save for autists here) do not buy it as a hedge against inflation. It's an irrelevant metal. Gold, throughout the entirety of the history of mankind, has been valuable, and it will continue to be.
>There's been a larger increase in Gold production, though! The supply has increased, whereas silvers has stayed almost the same!
Yes, because people actually care about Gold. Nobody gives a shit about silver. Nobody wants to increase the supply because it's considered shit.
>There's more gold than silver!
This is just a lie, lol, silver reserves well outpace that of gold.

>>53696269
This convinced me to never touch silver, thank you Anon I appreciate it.

>>53696429
Ask yourself, do you want the asset that's manipulated 389:1 or 120:1

Silverfags just got caught up in the “short squeeze” theory every dumb invested is trying to hastily apply to any security to drum up excitement in hopes of pumping their own bags.

Spin it together with the q anon bullshit that is rampant in this site and you get the result of silver bullshit

>>53696510
>theory
lol. lmao even.
https://www.justice.gov/opa/pr/former-jp-morgan-traders-convicted-fraud-attempted-price-manipulation-and-spoofing-multi-year

>>53696570
You really think you’re gonna out manipulate a market controlled by one the largest banks in the world.
Good luck faggot

>>53696597
>you really think you're going to defeat the US military, you're just some chinks in a jungle
>you really think you're going to defeat the US military, you're just some towel heads in the mountains
>you really think you're going to remain employed in society without a vax, you're just a disposable cog
Thanks for the well wishes, faggot.

>>53696429
>>53696570
hunt brothers squeeze was the 1980 equivalent of the doge/shiba run, distorting expectations ever since

>>53696443
>>53696457
Do you both make a conscious decision each morning when you wake up to hang a "I'm a massive faggot" sign around your necks or is it something that just comes naturally?

>>53696667
>Graph starts in 2018
Hey, faggot, post the 10 year graph, please. Show us how much silver has fallen since 2012. As mentioned in my last message, the decrease exceeds 30%.

Fuck “muh gold/silber” if you want to be financially free and if you wanna make it. Stonks. Stonks is where it’s at. Particularly high market cap ones. Medium cap and lower are for poor fucks who will never make it. They just gonna keep fucking around buying and selling cheap peices of shit and never make it.
As for metals. I’ve already said fuck that shit, why put 100000000 dollars worth of metal in your house just to get burglarized someday. But yea.. gold is the superior metal. Silber is just the poor man’s cope.

>>53696823
:) here you go and the results are.. sorry, just have to double check these.
Ah, yes, you're still a cum gurgler.

>>53696896
HAHAHAHA THIS RETARD POSTED THE GRAPH FROM 2006-2011 INSTEAD OF 2012-PRESENT DAY BECAUSE THAT WOULD'VE SHOWN A DECREASE

>>53696896
>>53696667
this is unironically making me regret buying silver. was it a scam all along? why would you post graphs in a deceitful way like this?

>>53696896
>>53696930
>Silver has decreased 30% since 2012
>No, it hasn't, here's a graph that starts in 2018
>I said 2012
>No, it hasn't, here's a graph that ends in 2911
How hard can one person cope?
Anyways, look at the image attached, please examine the 30% fall and realize you, yes you, are stupid.

>>53696930
hahaha, I fucking love that you can't refute any of this. Go on then cum gurgler, prove me wrong.

>>53696019
What is the demand for gold? I don't see it. I see way more demand for USD. The tiny amount banks hold globally as reserve is nothing compared to how much USD they have. Trying to cover liabilities with just gold would be impossible. That's why its almost always been both gold and silver used t back a currency. If gold became that dominant as primary money silver would be necessitated as well just to fill the void. I don't think we are going to go backwards into the past though.

>>53696955
now overlay that with gold, in terms of percentage, or is that too hard for you?

jannies tongue my anus

>>53696960
literally the post right above you. It is comically transparent to everyone ITT that you are avoiding acknowledging the 30% decrease.

>>53696215
3 kt of gold were mined in 2022 vs 24 kt of silver
1 for 8 ratio
Yet the consumption of silver is skyrocketing

>>53696986
Here you go, buddy. Are you going to argue this is the same as silver, or has your brief bout of retardation ended?

>>53697006
so bullion dealers want us to buy silver so they can use the money to buy gold? is that what's going on?

>>53697018
Essentially, yes. Silver is basically a bag being dumped on people who are too poor to afford large quantities of Gold, under the false pretense that it's just as good of a hedge against inflation.

>>53697047
I sort of assumed this back in 2020 but didn't know enough to confirm it, but watching things the last few years I believe you are right. I bet most of the large silver stack pics on /PMG/ are literal bullion dealers.

>>53697006
sorry, I have to apologize. You are too fucking stupid to chart this properly. I make it a point not to make fun of people that are mentally handicapped so just going to leave this here. You might want to take some remedial math courses? Just a thought, cheers! :)

https://www.macrotrends.net/2517/gold-prices-vs-silver-prices-historical-chart

>>53696019

This is weird. Really weird. I just checked it on Wayback Machine and it is never zero, but thousands. There's has been lots of talk about gold backed currencies coming and a price reset, Quantum Financial System, ISO20022, etc...

b ut should I get coins or bullion

>>53697066
>Chart literally shows them being correlated until 2013, where silver drops off well below gold and stays down, because people realized it was worthless
>Or, in other words, exactly what I said happened
>Perfectly confirming what I said about silver being a bag dumped on those too poor to afford gold.
>>53697062
They do act an awful lot like shills.

>>53697087
Gold coins or bullion? Same difference. If by coins you mean crypto, though, probably bullions.

>>53697133
This is not to diss crypto, I am just assuming you want a hedge against inflation, and gold would probably be better suited for that use.

>>53696019
mmmm i love silver FUD threads
keep it going
im gonna cum

When's comex going to run out?

>spot price: $22
>price to actually buy: $26
>spot price: $22
>price they give you if you sell: $18
imagine getting raped both ways
gold too

>>53697208
update your firmware
places are meeting spot + extra for selling

>>53696019
>If you think I'm wrong, explain how in this thread.
Pretty simple. Silver is mined to a 8:1 ratio compared to gold. 60% of silver production ends up destroyed by industrial uses. While over 90% of gold is used for bullion and jewels.
But it's priced at 1:80, /pmg/ is banking on this discrepancy.

It's most likely between only x3-x4 more silver in bullion form exist worldwide compared to gold. But the price is x80. And silver find new applications every week while it's already the 2nd commodity with the most industrial applications after oil.
And the constant anti-silver kike spamming like you do tells me i'm onto something.
So i prefer silver. Simple as.

>>53697291
>people making threads telling me I'm retarded prove I'm correct!
Also:
>matter
>destroyed

>>53697325
if the anti-silver threads are made by stupid people like you, yes, it's bullish

>>53697325
>12 pbtid
getting a little desperate there anon? Are you trying to convince us, or yourself?

>>53697325
>couldn't refute a single point so immediately cope with effortless soijak posting
Yikes sweetie
>matter
>destroyed
Actually yes. Good luck trying to get back the silver in your walls' paint. Or in your toothpaste. Or in your spray deodorant. Or the ones used as chemical catalyst for propylene oxide and the plastic industry. Or in your antifreeze. Or in your anti-odor socks. Or in wound dressing. Or in nanotubes. Or in Xray imaging. Or...

>>53697362
>Hey, OP, if silver is really bad....how come you keep posting in the thread you made? Heh, yeah, checkmate...
>>53697336
>still hasn't proven how silver is a good investment

>>53697379
>Actually, yes, matter can be destroyed
HahahahahahahahahahahHAHAHAHAHAHAHAHA
>these are the people who buy silver

>>53697393
>>53697393
>point proved
>ignore it
Shlomo isn't sending his best.
But it's not like you could have an argument anyway. I accept your concession.

>>53697409
it's destroyed for all intents and purposes
silver isn't worth recovering from these things at current prices
of course, it might be worth it if the price goes up....

>>53697208
For the non moonbois, the intention of holding metal isn't to flip it anyways, but in the event of an emergency that one has to end up selling, you can easily sell for spot and in most cases, above that. There are certainly more and worse ways to get fucked, specifically with crypto.

exchange fees, gas fees, swap fees, markets randomly taking a shit, getting rugged, and lets not forget losing power or access to the internet.

>>53697291
>>53697379
>>53697424
Anon, sit down for a moment. Let me tell you a story about a metal by the name of Osmium.

Osmium is the single rarest metal on Earth. It makes up about 50 parts per trillion in Earth's crust. Or, 0.00005 parts per million. For comparison, Silver makes up 0.1 parts per million, and gold, 0.001. Osmium is a useful material - it is the single densest naturally occurring element. It has a myriad of unique properties that should make it incredibly valuable. Is is absolutely essential to certain electrical contacts. Yet, despite it's myriad of use cases and extreme rarity, Osmium has lost 30% of it's value since 1980. What should've been an obvious investment, due to it's scarcity and usefulness, has instead, fallen severely. Do you know why this is? Because every possible use case for osmium can be filled by something cheaper. For each use of this element proposed, a far cheaper, more abundant one could be used instead. This is something that investors had failed to consider - and so, they lost their money.


The same is true for silver - and this is why 10 years ago it crashed in price and has not recovered since. I want you to look at the image you posted, in your first reply, as proof. Tell me, of all the use cases listed, how many of them could actually only be filled by silver? The answer is very few. Why would you use a rare, precious metal for something a cheaper substitute can do? Gold, just like silver, and most other precious metals, are not valuable because of what they can be used for - because there's not much most precious metals can do that other elements can not. The sole and single exception to this is Rhodium, having a use in catalytic converters no other material can fill. And that's it. What makes precious metals so valuable is their scarcity and historical value - not their use cases. Silver has neither of these, and it's uses can be filled by other, more abundant elements. Thus, it's price will not rise.

Silver is good money

>>53696019

>>53697696
Those numbers are completely bogus kek

>>53697640
Genuine question. What would it take to replicate the properties of silver? There are substitutes, but at what cost?

>>53697847
A shit ton of copper, which is also in short supply because no one has studied geology for 40 years

>>53696019
I'm the guy who posted that huge stack of gold this past weekend and I also have about 1000 ounces of silver

>>53697847
The cost is that they’re inferior. We see this problem across all industries. Cheaper does not mean better and not all industries can afford to use inferior products.

>>53696443
Do you have brain damage

>>53696019
Sounds like you can't drink a warm beer

just buy both but more gold shrimple as.

>>53697071
You're just a retarded faggot, that specific metric on usdebtclock.org has the YoY increase in M2 money supply as the numerator. Of course if M2 is shrinking it's gonna read out 0. Did you even bother checking the label for that metric or did you think it was just M2 divided by above-ground metal supplies?

>>53696998
There are plenty of alternatives to silver. What are the alternatives to gold?

>>53696954
Yes. So is gold but to a lesser extent. They are both feel-good investments for poors. The rich buy companies, the intelligent invest in shares of good companies and build equity stake in companies.

Doomers and get rich quick poors buy silver and gold.

Nobody ever in the history of the world had become rich buying and holding metals. Not a single time anywhere in all of history. Not once. Can’t happen. Literally impossible.

Most people buying metals not won’t even break even after the premiums for years, factor inflation and it will be decades if ever. Measured against the S&P they will be underwater forever; it’s dead money.

An ounce of gold worth of investment in Coke stock at the IPO would be over ten million dollars today; that ounce of gold in gold would still be an ounce of gold and not even worth 2000$

>>53699203
In 1919 an ounce of gold was ~$20, that would have gotten you half a share of Coca Cola. Accounting for stock splits, you would have ~4608 shares today which is ~$276k. You would also get dividends, which is not an insignificant amount, but it ain't 10 million dollars. You're not wrong about it being a way better investment but you don't have to lie about it.

>>53696019

Simple as.

>>53699059
>There are plenty of alternatives to silver.
Name one.

Comparing or valuing PMs against fiat is fucking retarded just like all you fucking retards, your not even worth my time explaining why this is.

>>53696019
Banks are buying both. Who cares? Thanks for playing

10 ounce silver is 251$ in my country. Is it a good deal? Why is it expensive comparing to market price? I know I can't sell that price if I ever buy it.

>>53703165
Price seems reasonable. What is the VAT or GST on silver in you cunt? Also, are you buying coins? Or is it a bar? Ask your dealer for how much he'll buy it back for. My dealer buys it back for sell price - 4% any day of the month.

>>53702654
This. I’ve explained this in every silver thread, but it’s not worth the time. The moonbois and the fudders are nothing but retards.

>>53703248
>VAT

Tax is %18

silver is cope for gold the same way alts are cope for bitcoin
poors stay poors because they think they can get rich on their small pool of wealth in one big break

>>53702654
>>53703260
See >>53703314
Silver could do a 5X and it really wouldn’t mean anything, relative to other ways of making money. There are shitcoins that do that, and then some, in just a matter of hours or days.

>>53703387
Or rather

>>53703314
See >>53702654 >>53703260

>>53696019
Silver is easier to get. Plus when the president can just confiscated your gold and pay you nothing ill stick with silver

>>53696019
I have $5 million dollars and much more of it is in silver than gold
I know silver is industrially useful, and monetary, and more surpressed han, gold

>>53696479
Its not worth bothering anyone who argues against silver in favor of gold, as a opposed to being in favor of both but recginizing that silver has distinct advantages, is not here in good faith

>>53703274
So, the buy price seems reasonable. I'd buy. But, how much will he buy back for? Ask around a couple of dealers to see how much they buy back for.

>>53703274
Come check out /pmg/, we have a nicer croud there.

>>53703463
>Greetings citizen
>We are here to confiscate your gold
>You may keep your silver
Said no tyrannical government ever.

>>53696823
post the 20 year one.

>>53696019
there isn't any reason to not have at least a few hundred ounces of silver, one of the safest investments you can make that has plenty of potential to rise even dramatically and almost no potential to do the opposite in a steep inflation economy.

gold is easier to store, trade, and transport, and is where most of your PM wealth should be.

>>53705330
The us government indeed said that

>>53705494
No they didn't, they confiscated silver too.
https://en.wikipedia.org/wiki/Executive_Order_6814

Learn your history, bucko.

>>53696019
In 2005 you could get silver for 5 bucks.
It's at 22 bucks an oz right now.
Miss me with that gay shit.
Still buying silver, still buying gold, still buying crypto.

>>53696191
I've asked pawn shops for their price and they offer a few dollars over spot.