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/biz/ - Business & Finance

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17851837 No.17851837 [Reply] [Original]

WTF

>> No.17852088

>>17851837
>walk into pawn shop
>plz i needz money...here is my silver chad coin!!
>I PAY $9
>bb...bb...but I bought for $22!!
>check again
>I PAY 8.50
you are now here....
you didn't listen

>> No.17852157

really wish I had dumped all my silver when it was around $18 a few weeks ago. Silver is a garbage asset that's never going to see meaningful appreciation. It's done as a monetary metal. Should have got out while the getting was good. I was an idiot for ever buying it in the first place.

>> No.17852208

>>17851837
Shouldve bought ethbear

>> No.17852210

Honsetly wtf is this. Does silver really have to go up 100% just for me to break even when sellling?

>> No.17852287
File: 32 KB, 754x366, okOAG.png [View same] [iqdb] [saucenao] [google]
17852287

>>17851837
report apmex to the law

>> No.17852360

>>17852157
many of us are (were) in the same boat. jpm killed it and s2f is so low now that can never really rise in price. any new supply pushed into market from grandmas spoons being melted down represents a disproportionate percentage its wimpy s2f ratio of 2, so price collapse as market is "flooded" with fresh supply.

>> No.17852390

>>17852287
why? because they didn't genetically test you before letting you buy?

>> No.17852416

>>17852088
Where do you sell physical silver to recoup ?

>> No.17852447

>>17852157
Jp morgan is suppressing the price

>> No.17852473

>>17852416
you sell to a buyer who pays spot (ie. all of them).
you are now fugged

>> No.17852479

its shtf guys, those paper prices don't mean anything
you should be thinking in lbs of rice per oz

>> No.17852522

>>17852360
I did unload about half my stack when the price was around $17. I could tell that silver was not going anywhere Bought in around 12-15 so not a total loss but would have been way better off putting that into stocks or just about anything else.

Silver has no upside potential, there's too much supply like you said, it has no value as a monetary metal the way gold does, and as we're seeing now isn't even a good safe haven asset in a crisis or hedge against inflation.

not sure if I should just sell the rest of my stack now and get out before it goes even lower, or hold out for the panic selling to end and wait for a bump before cashing out. Either way, I'm done with silver.

>> No.17852575

NO METAL CHAD'S.

SCHIFF WHERE ARE YOU!

>> No.17852577

>>17852088
>paper is $13 and falling rightfully
>can only buy physical for $22
Wasn't this always the idea with buying physical? Paper trades getting btfo was always expected, right? why are you people so butthurt and stupid? The physical is not only keeping its value, but it's literally increasing in price and being sold out as the ETF prices fall.

>> No.17852624

thats why you buy digital retard

>> No.17852777

>>17852577
Weak hands are being shaken out. Premiums are high but the upside is massive enough to overtake it in no time.

>> No.17852808

>>17852577
>buying for $22
>selling for $12

>> No.17852814

>>17851837
its almost as if spot is meaningless

>> No.17852815

>>17852157
Eh some large minting facilities where i live pretty much pay the actual price if you mail coins et cetera to them

Also what the other anon ITT said about the moneylenders supressing prices artifically is correct

Never forget JFK was murdered because he wanted to introduce a silver-backed non-ponzy dollar

>> No.17852891
File: 978 KB, 229x176, 1578355881055.gif [View same] [iqdb] [saucenao] [google]
17852891

>>17852808
>selling for $12
Literally who? lmao. You? You poor fucking idiot

>> No.17852988

>>17852577
Have fun selling it for $10

>> No.17853069

I dont get it. Silver is under $13/oz yet you cannot buy it at or around that price. What gives?

TLDR;
Price = ~$13/oz
Buy = $17+

>> No.17853195

>>17851837
You’re getting ripped off. I only pay $8 usd for Spotify

>> No.17853260

>>17853069
Because the paper price is fake

>> No.17853311

>>17853260
False advertisement?

>> No.17853374

>>17853260
>paper price is fake
exactly true. however good luck waiting around for markets to become "rational" again when you're starving to death.

this is precisely why i rail against shtf "preppers" with their stupid ideas. physical ONLY works if you are willing to wait 10 yrs and sell during periods of prosperity.
trying to use in shtf results in instant rape.
now you understand.

>> No.17853384

Silver crashed in 08-09 and hit $50 in 2012.
Idiots selling today will still be idiots when it peaks next year or two.

>> No.17853436

>>17853374
Silver stackers are willing to wait 25 years my friend. We already have ammo and food.

>> No.17853543

>>17853436
Don't buy silver as an investment lel.

>> No.17853668

>>17851837
RETARDED BOOMERS BTFO
I told you "muh shiny silver rocks" were not going to be valuable during a collapse LOL

>> No.17853733
File: 91 KB, 500x690, 1564590606879.jpg [View same] [iqdb] [saucenao] [google]
17853733

Why are all of the precious metal retailers having delays in their orders and are out of stock?

Everything is OUT OF STOCK. To me that is a longterm signal to buy.

>> No.17854362

>>17853543
what else do you buy silver for if not as an investment?

>> No.17854402

>>17854362
To preserve wealth

>> No.17854413

>>17853733
Probably because metal dealers do not want to sell below what they paid.

>> No.17854657
File: 38 KB, 716x403, 50ba112269beddff51000000-750.jpg [View same] [iqdb] [saucenao] [google]
17854657

>>17854413
if its dropping as fast as it currently is, then they would want to get rid off any inventory they could.

>> No.17854790

>>17851837
paid $17.50 at my local shop they said vendor wouldnt even sell to them so they were running low on inventory. paper silver price could be $5 but if you cant get physical then premiums will be way higher

>> No.17854949

>>17852088
If supply is limited, sellers determine the price. Which means the selling price is what counts.

>> No.17855039

I CAN'T BUY SILVER
HAHAHAHA ALL THE DEALERS IN THE UK ARE OUT OF STOCK WHAT THE FUCK
eBay 1oz Britannias go for x2/x3 the spot, is that it? This is how the Paper Ponzi dies?

>> No.17855082
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17855082

>all the brainlets spitting on silver because fake paper silver is crashing while physical is basically out of stock worldwide
lmao at you, SilverChads are the ones who will benefit from the biggest transfert of wealth in the history of mankind.

>> No.17855192

>>17851837
Why does silver gets so much attention here? I know 4chan is always contrarian, but isn't gold itself contrarian enough? What advantages does silver has over gold in terms of investment?

>> No.17855212

>>17855192
nothing

>> No.17855753

>>17854657
lol no these sellers make profit from selling premiums over spot price. They are not investing in metals like their customers. Their way of thinking is different.

>> No.17855919

>>17853069
I don't get it either. Maybe it's just a bit too soon?
I expected the spread to closely follow the spot, but it doesn't. Located in Estonia

>> No.17855978

>>17854362
It seems to me people either buy to 1) hold forever or 2) make a semi-decent return in hopes of Silver mooning, and it only needs to moon once for people to profit off their massive stacks. It is NOT an "investment" in the usual sense though

>> No.17855988

You are mad because you buy a little higher? There will be at time that you couldn't afford not a coin with all your to green money

>> No.17856068

Apmex just cancelled my 40 silver eagle order.

>> No.17856272

>>17856068
APMEX just 404'd. Their servers are either down or the company pulled the plug willingly

>> No.17856345
File: 1.07 MB, 4175x3635, 1583705912891.jpg [View same] [iqdb] [saucenao] [google]
17856345

WHY THE FUCK HAS SILVER PLUMMETED - I DON'T GET IT BROS

>> No.17856401

>>17856345
Dont struggle to find logic in the current system, youll find none

>> No.17856419

>>17852287
>physical silver is the same as paper silver
just buy the ETF if you are that dumb

>> No.17856480

>>17856345
Pink wojaks are starting to remind me of Salad Fingers.

>> No.17857391

>>17855192
The ratio is 116:1

>> No.17857902

>>17856345
Paper silver is being cashed out. Money is leaving silver's market cap but physical supply is depleting. Just hold on, think logically, and buckle up.

>> No.17858323

>>17856345
Market Price is based on trading silver that's only on paper, it doesn't exist. A week ago people started liquidating everything, but many decided to buy gold and silver from the dealers. Now the dealers are out of stock and the only silver you can buy costs x3 the market price.

Think for fucks sake, what does it mean? The price was fucking manipulated for years, it was kept low on purpose to benefit the manufacturing companies who need silver. But now it's not just about the manufacture, it's about wealth preservation, and there is less physical silver than there is on paper. Prices will explode if that scheme collapses, and I mean like x47 on silver price explode.

>> No.17858427

>>17851837
Lol whats the point with such a premium?
>$22 for one coin, about half in premium
>try to sell it back, get $8

>> No.17858466 [DELETED] 

>17849163
Silver ID.
We're going to make it

>> No.17858563

>>17852808
Ironic. How's that a store of value when you buy it for $20 but can only sell it back to the companies for $8. That's a 50% loss. You'd need full on USA collapse for it to even be worth it but it'd be simplier to just trade the USD for another currency with less losd.

>> No.17858572

>>17852157
I tried to sell my coins at $18 but no one wanted them before the panic

>> No.17858723

>>17858427
Dealers bought their silver at a much steeper price so they are compensating for such a huge price shift. When silver moons they will charge much less on the premium. This is all temporary.

>> No.17858799
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17858799

> you had 47,000 years

>> No.17858814

>>17854362
Investment is only 18% of silver demand. Industries buy it to make electronics, etc.

>> No.17859064

If silver is out of stock and the dollar has been inflated why isn't the price of silver mooning now?

>> No.17859340

>>17859064
Because market price is based on the silver traded, and they trade silver on paper. This silver doesn't exist, it's a scheme to keep the price low, and now it's about to collapse because of the brutal reality check.

>> No.17859370
File: 704 KB, 759x769, 1580288052987.png [View same] [iqdb] [saucenao] [google]
17859370

so let me get this straight paber PMs are selling off while physical PMs are running out of stock and that makes the premiums diverge like crazy?
if the prices unironically decouple hold on to your anuses this is it bois this is it we are unironically officially in the happening

>> No.17859495

>>17859340
I doubled the paper silver from 10% of my portfolio to 20%.

The other 80% is 10% tech short fngd, 10% bitcoin GBTC, and 60% cash.

>> No.17859653

>>17859495
You don't get it, paper silver's purpose is trading and trading alone. Sooner or later it will moon and then whales will request their physical silver to be transported to them. Unlike Fiat, metals can't be fucking printed, this silver doesn't exist. You'll get a fat cock, top whales will get their silver, but it will moon it's price. Normies with paper metals will not get a single ounce, you will be sacrificed so the wealthy can receive their property.

>> No.17859668

>>17859064
Dealers are bailing out water while their boats are sinking. They are like a gas station. They order their commodities ahead of time at negotiated prices. They make money when they charge over that price. Right now they are keeping the balance sheets positive. If PMs settle at new lows and it sticks then expect the prices to go down after a couple of months because they will be buying at those new low spot prices. If PMs moon expect premiums to become goldlike (i.e. negligible).

>> No.17859699

>>17859653
Great! I'm going to sell when it moons next week.

>> No.17859781

>>17859668
>>17859668
Seems like the dealers are out of stock. Then when the whales demand physical silver this will moon. Dealers should just stop selling to avoid selling at a loss.

>> No.17859809

>>17854657
imagine being this retarded.

>> No.17859886

>>17859653
Paper metal traders are going to learn what a real scam looks like very soon.

>> No.17859940

>>17859781
If my LCS is out of bullion I hope they will have junk silver. Either way I must wait until Wednesday.

>> No.17860055

I cant even get silver and gold in the uk, every site seems to be on a 2 week backorder. I'll pay high premiums if i can get it shipped to me this week i cant find any sellers with stock for sale.

>> No.17860064

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.17860120

>>17855192
It’s cheaper to start investing in for the broke faggots on this board. Average 1oz silver coins costs $10~$30 max, a 1oz krugerrand costs what, $2,000?

>> No.17860274

>>17859699
It won't the paper ponzi is finally collapsing. You're paper is soon to be worthless. One of the greatest ponzi schemes ever

>> No.17860850

>>17860274
> tfw you lived to see a lie get utterly destroyed by truth

>> No.17861186

>>17860120
Silver has more potential use as an everyday currency in the event of total economic collapse that either doesn't end with anarchy and violence, or in the period of uneasy semi stability afterwards when people are bartering locally produced goods. Silver dimes, quarters, half dollars etc may be used for every day transactions where a gold oz coin represents far too much wealth for anything but huge purchases.

>> No.17861709

>>17860055
Gold.co.uk

>> No.17861888

>>17853374
It will happen faster than you think. One week ago burgers still hadn't even stocked up on groceries and nothing was cancelled in America. The Fed has lost its power over the markets and people are beginning to notice.