[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 131 KB, 899x488, uploads_1498846969883-chart1.png [View same] [iqdb] [saucenao] [google]
12817259 No.12817259 [Reply] [Original]

Looks like a shitcoin ready to moon.

>> No.12817582

>>12817259
honestly it's pretty much common knowledge what's happening to silver and why the chart looks like that anon.

>> No.12817606
File: 2.00 MB, 1616x1080, 1550715848847.png [View same] [iqdb] [saucenao] [google]
12817606

>>12817582
this. silver is a byproduct of gold/copper mining and the price is based entirely on refinement costs since there's endless amounts of unrefined silver that's not profitable to refine (if it goes up, more will be refined, causing it to go down). the spike was manip from brothers who cornered the market.

0% chance of ever profiting with silver unless the world ends and even then you're better off with gold.

>> No.12818078

>>12817606
Or a recession

>> No.12818090

>>12818078
Check 2008 on that graph. Barely a blip. You're better off with litecoins.

>> No.12818101

>>12818090
Zoom in

>> No.12818433

>>12817606

Spoken like an anon with no knowledge of how much silver rich soil exists.

Yes silver is mined as a byproduct of other ores.... This is because silver is so rare that no "silver only" mines exist.

New silver discovery is at an all time low and pretty much all silver "rich" land has been claimed and is pumping out at capacity.

Silver comes out of the ground at 10 oz to 1 oz of gold and this ratio is only getting narrower by the year.

Silver will 10x in 2019.

Screencap this post.

>> No.12818457

>>12818433
Spoken like a redditor,still i was interested in buying some silver bullions

>> No.12818479
File: 80 KB, 627x631, 1548989193324.jpg [View same] [iqdb] [saucenao] [google]
12818479

>>12817259
Silver is the original shitcoin. Holding bugs from fucking 2010 here, let's get this moon mission started.

>> No.12818520

>>12817259
When you recognize the cpi numbers are cooked, that when you realize silver isn’t near an all time low, it’s many leagues below it’s prev all time low and is ready to explode to $100/oz at least

>> No.12818540

>>12818457

reddit spacing is easier to read

I will continue to use it until hiroshimoot bans it