[ 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: 223 KB, 803x790, 1562725914329.jpg [View same] [iqdb] [saucenao] [google]
15296410 No.15296410 [Reply] [Original]

there is endless amounts of junk silver waiting on the sidelines to be refined if silver ever goes up vs inflation, thus knocking the price back down. it's so bad that they don't even mine silver any more, though tons of it is still produced as a side effect of mining gold and copper.

why does no one ever bring this up when people suggest buying silver? why do people pretend that it's not mathematically impossible for silver to ever rise vs inflation?

>> No.15296430

Silver is poorfags coping that they can't afford gold

>> No.15296521

>>15296410
If it’s just as convertible as regular silver why do they call it “junk” silver?

>> No.15296585

>>15296521
Because it hasn't been refined yet you retarded silverbug mongoloid. And no it doesn't cost that much to refine it.

>> No.15296638

How much is ''endless amounts''?

>> No.15296646

>>15296585
refijimg costs enough to not be worth refining. the price of silver hovers just below bring worth refining, and the second it's worth refining the market is flooded until it's not worth refining anymore.

meanwhile, endless amounts of junk silver comes from copper mines (silver is an impurity in copper), so no one bothers mining silver deposits.

it's literally worthless, as in the cost of producing it is more than the cost of the metal itself.

silver is probably a worse investment than negative yield bonds, since both are guaranteed mathematically to lose you purchasing power.

>> No.15296659

>>15296638
literally infinity, like the 1/0 type. you mine copper, get free junk silver at 0 cost. it's not even worth storing or refining, so a lot just gets tossed out in the trash.

silver investment is literally like investing in garbage.

>> No.15296660

>>15296646

The moment that people start to buy PHYSICAL silver, instead of the paper variant, you can refine all the junk silver x10 and the price would still go parabolic.

Keep coping though.

>> No.15296663

>>15296659
dude what if they find a cheaper way to refine

>> No.15296694

>>15296638
here, I'll give you another example:

say I was selling junk silver for $0. no one would buy because the cost of transport and storage is more than the unrefined metal. refined silver takes up a huge volume, as any silver hoarder can tell you, so imagine it coming in unrefined mixed with dirt.

there's piles if that shit just sitting there with absolute $0 value, and the price of refined silver is just below it being worth refining.

>> No.15296702

>>15296663
then people holding refined silver are fucked with a cactus as the market is flooded until it's no longer worth refining again. that's literally every silver bugs nightmare

>> No.15296711

>>15296663
They already did, it's called asteroid mining

>> No.15296737

>>15296702
from the looks of it the silverbozos here don't even know what you're talking about

>> No.15296761
File: 41 KB, 477x472, 1562025731401.jpg [View same] [iqdb] [saucenao] [google]
15296761

>>15296660
the silver notes are backed and audited regularly. but if your only hope of ever profiting off your investment is some conspiracy theory turning out to be true, then I guess that solves the mystery of why people buy this shit (literal autism).

I own 0 boomer metals, but God damn at least buy gold if you're going to do that because at least it is has high density

>> No.15296784

>>15296737
if junk silver becomes cheaper to refine, more refined silver is produced, and the value of refined silver goes down until it's no longer worth refining again.

holy fuck the autism of silver bugs, why is that hard to understand?

>> No.15296814

>>15296784
I'm not saying the concept is difficult to comprehend, it's very simple. I'm not a shiny rock guy so I've never heard of unrefined silver, but you'd think shiny rock people would know of this.
I know biz has plenty of em yet none showed up to defend shiny rocks.

>>15296660
besides this individual who's severely deluded

>> No.15297265

But can refinement keep up with rising prices? There isn't instantly more machinery if the price spikes.