[ 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: 404 KB, 4752x3162, silver.jpg [View same] [iqdb] [saucenao] [google]
17314469 No.17314469 [Reply] [Original]

Silver is going to explode within a few years or sooner

Silver/Dollar ratio is currently $1,104 per oz

The current price for silver is 17.82$ per oz

the current spot price for silver 17.72$ per oz

Join ther /sg/ Silver General Riot Server here
No email no phone number just good old fashion username and password:
https://riot.im/app/#/room/#SilverGeneral:matrix.org

Articles and videos to get informed on why to buy into silver
https://dailyreckoning.com/value-of-silver-vs-value-of-the-dollar/

http://silverseek.com/article/why-silver-could-replace-dollar-17373

https://www.globalresearch.ca/gold-silver-and-the-monetary-base-could-silver-replace-the-dollar/5651200

https://www.youtube.com/watch?v=DyV0OfU3-FU&list=PLE88E9ICdiphYjJkeeLL2O09eJoC8r7Dc

https://youtu.be/5JT0Kq01CFg

https://youtu.be/HDvFAXVcl60

https://youtu.be/26AIReJniwc

https://youtu.be/KK2ZSfYLH6Q

https://youtu.be/1vBfv1qQdxY

https://youtu.be/Blx3N2dXXKo

https://youtu.be/wLqH12A9UT0

https://youtu.be/T7BlJmNCT2w

For Beginners https://youtu.be/7hC8LSJMgYc

I recommend getting your hands on these starter kits

The JM Bullion Starter Pack
https://www.jmbullion.com/starter-pack/
Money Metals Exchange Starter Kit
https://www.moneymetals.com/starter-kit/below-cost-silver

>> No.17314479

BEFORE YOU START BUYING ONLINE CHECK FOR LOCAL PM'S RETAILERS FIRST!!!

Best places to Silver at the moment( if you know any other good places to buy silver feel free to post links)

https://www.texmetals.com/

https://thecoinshoppe.ca/

https://www.apmex.com/

https://monumentmetals.com/

https://boldpreciousmetals.com/

https://sdbullion.com/

https://www.jmbullion.com/

https://www.providentmetals.com/

https://findbullionprices.com/

https://www.txauction.com/auctions/804/1/

https://www.silvergoldbull.ca/ for the fucking leafs

For the Euros
http://goldsilver.be/ (low price, be sure to be home when UPS guy drops off the package)

http://europesegoudstandaard.be/ (low price, low security)

http://goud999.be/ (ok price)

https://www.bullionbypost.eu/silver-bars/5oz-silver-bars/
TAVID (sometimes branded TAVEX) is the most trusted local seller, they operate all over Europe and originate in Estonia

https://www.celticgold.eu/en/buy-silver.html


If you also into crypto but want a price of silver check this out:

https://www.agxsilver.io/ One AGX coin = 0,54$ physical silver

Buy these PM counterviet veifier tools to make sure you're not being scammed

https://youtu.be/7obFLE1Q-6w

https://youtu.be/0jZQAd-Oif8

https://youtu.be/DrHGqqr7v7c

AMAZON SE 8036TM-NEW 30” Telescoping Magnetic Pick-Up Tool with 15-lb. Pull Capacity

AMAZON BelOMO 10x Triplet. Jewelers Loupe Magnifier 21mm (.85")

AMAZON DIYMAG Powerful N52 Neodymium Disc Magnets

EBAY Magnetic Slide Counterfeit Magnet Test

For the anons who plan on sinking huge investments into a lot of PM's here's
EBAY Sigma Metalytics Precious Metal Verifier Basic Set

EBAY Sigma Metalytics Precious Metal Verifier Bullion-3 Wand Set

EBAY Sigma Metalytics Precious Metal Verifier PMV PRO

EBAY The Sigma Metalytics Precious Metal Verifier PMV PRO w/ small wand and Bridge

If you have anymore helpful information please post for the following updates on the next general!

>> No.17314527

You can also purchase metals from Kitco if you're in Canada.

>> No.17314619

I got $135k in ETH and $110k in Silver...
Both are good when recession hit and fiat currencies melt to nothing due to helicopter money being the only way to stimulate while interest rates are close to 0 %.

Crypto cucks ~= Silver chads... More or less

>> No.17314733

>>17314619
>$110k in Silver
so that's around 6100oz
how do you store it?

>> No.17314803
File: 194 KB, 1280x720, Eizouken ni wa Te wo Dasu na! - 06 - Large 14.jpg [View same] [iqdb] [saucenao] [google]
17314803

Sold my LINK and SPCE and went all in on AG stocks and used my 1 week profits to buy a ACE 400 metal detector and 25oz of silver

>> No.17314861

>>17314619
smart move

>> No.17315017

>>17314733
Only have about $15K in physical...
The rest is VZLC (Certificate for physical silver) and some other certificates.

And yes, I know it's not optimal, but at that amount it's just too complicated to get the physical thing, it's also better from a tax perspective in my country.

>> No.17315068

Buy LTC!

>> No.17315445

>>17315017

>silver certificates

Bad move anon

>> No.17315473

>>17315017
Why dont you burry it in your backyard?

>> No.17315651

>>17315445
VZLC is backed by physical silver, it is not just a certificate which tracks the price that carries credit risk in the same way as other certificates (typically issued by banks in form of long/short positions as an IOU).

As I've said, it's not optimal but there are several benefits:
1. No price premium that bullion stores usually takes, usually 10 - 15 %.
2. No VAT (25 % where I'm from)
3. High liquidity and easy to sell
4. No worry about physical storage and theft risk
5. Again, better tax benefits from gains due to tax regulations in my country

VZLC is the most popular certificate for physical silver outside the US and the have regular audits.

The benefits outweighs the risks in this case.
Prove me wrong and I'll consider dumping it and buying more physical.

>> No.17315708
File: 50 KB, 540x385, MW-GO866_histor_NS_20180823143601.jpg [View same] [iqdb] [saucenao] [google]
17315708

>>17315651
Good to know, thanks.

>> No.17315869
File: 9 KB, 450x395, only-28-of-paid-silver-ounces-produced-came-from-primary-silver-mines-in-2008.png [View same] [iqdb] [saucenao] [google]
17315869

>> No.17315888

>>17314469
How come all those bars have the same serial number? Was it actually a foundry ID all along?

>> No.17315890

>>17315017
Did you get bars? If so how do you plan to sell?

>> No.17316020

>>17315890
The physical I own is mostly old coins, wast majority has a purity of 0.925.
You can find it on Ebay or similar auction sites in your home country, that seems to be the way to go to get most bang for bucks if you want to hold physical.

>> No.17316390
File: 342 KB, 1080x1037, Screenshot_20200217-184806_Chrome.jpg [View same] [iqdb] [saucenao] [google]
17316390

>> No.17316416
File: 46 KB, 514x570, uploads_1558011358203-costs.png [View same] [iqdb] [saucenao] [google]
17316416

>> No.17316417

>>17316390
Wonder why it is so low if it costs more to get it. Silver should be over $30 by now

>> No.17316447
File: 67 KB, 560x560, mothman-common-obverse.jpg [View same] [iqdb] [saucenao] [google]
17316447

That reminds me, I wanted to buy those cryptid coins while the price of silver is low

>> No.17316456

Unironically after 40 years of any real silver bubble this is just the beginning.

>> No.17316466

What's everyone's ratio?
>$30k in crypto
>82oz in silver
Wanna reach 100oz and then I'm done

>> No.17316469
File: 21 KB, 681x574, lwkvXLiCWGiTCTnUycbDdTYRtLvWOSjEVzOeVyFTcwJtYaktSjeblEncyRpHMaec.png [View same] [iqdb] [saucenao] [google]
17316469

>>17316417
Silver could go -50%

>> No.17316567

>>17316456
ATH was about $130 in 1980 with inflation adjusted.
Silver can go x10.

>> No.17316606
File: 48 KB, 500x350, Zeal011113A.gif [View same] [iqdb] [saucenao] [google]
17316606

>>17316456
Here

>> No.17317304
File: 211 KB, 330x330, 330px-1_oz_Maple_Leaf_Silver_2017_reverse[1].png [View same] [iqdb] [saucenao] [google]
17317304

Alright silver bros I need help understanding something. I just bought a Canadian 1oz coin and it says "5 dollars" on the front. So I look it up, and it actually is legal tender worth $5.
So here's my question:
1. Can you go into a bank and ask for your paycheck in silver $5 and then immediately sell for ~$20
2. How the fuck does something represent a value lower than what it's made out of

>> No.17317392

>>17317304
1. 5 dollar = 5 dollar, some coins and bank notes are worth more than they should but never less. If silver falls below $5 you can still buy $5 worth things for it. But no, bank will not pay you it's silver value, other people will.

2. Banknote signed by elvis is worth fortune, but you don't expect bank to pay extra.

>> No.17317500

>>17317392
So what is stopping a canadian (which I am not, thankfully) from pulling out money in the form of these coins, selling them online for 4x, and then doing it again?

>> No.17317565

>>17316469
if silver went -50% i would at least triple my stack

>> No.17317573
File: 65 KB, 720x720, 1574147812439.jpg [View same] [iqdb] [saucenao] [google]
17317573

>>17317304
The face value dollar amount is just there for courtesy; just making the coin a government backed commodity (show that "this coin was minted by the government").

>>17317500
GENIUS!!!!!!!!

>> No.17317624

>>17316390
>increasing demand
>increasing cost
>decreasing value
why?

>> No.17317658
File: 27 KB, 400x300, 1_541b56db1ce7c_400x0.jpg [View same] [iqdb] [saucenao] [google]
17317658

>>17317500
Canadian mint buys silver at spot price from the chart, makes coin and sells it more expensive with premium.
It makes them money, for example $3 per coin.
People want to buy investment silver from sure place. Canadian mint is sure place to buy silver from, much better than some random company selling silver rounds like in pic.

>> No.17317717

>>17317658
Pic related is from the Canadian Mint's "Canadian Wildlife series"

>> No.17317736

>>17317658
>canada promoting little pussy

>> No.17318112

>>17317717
It isn’t wtf

>> No.17318126

>>17318112
fuck you

>> No.17318437
File: 177 KB, 800x533, StackerRounds-21.jpg [View same] [iqdb] [saucenao] [google]
17318437

The only silver rounds that are worth paying premium.
2oz Scottsdale Stacker round.

>> No.17318751
File: 83 KB, 720x343, tacky.jpg [View same] [iqdb] [saucenao] [google]
17318751

>>17318437
Lions and crowns are both tacky "new money" themes, so I don't like Scottsdale.

>> No.17319018

>>17314619
your estimation of how long we can have world wide qe is wrong. it will last decades.

>> No.17319336

>>17316567
Now factor in the increased industrial demand