/biz/ - Business & Finance

[Anonymous No.194071]

hey /biz/, why aren't you buying silver?

[Anonymous No.194085]

>>194071

Cause that bitch is going lower

[Anonymous No.194090]

>>194085
no it isn't; it went from the high teens to just under 21

[Anonymous No.194088]

>>194071
hey anon, why are you buying silver?

[Anonymous No.194098]

Silver is so incredibly undervalued, it's ridiculous.

How much silver do you have, OP? I'm pushing 1450 toz.

[Anonymous No.194100]

>implying I'm not

Don't go overboard though OP. Holding more than like 5-10% in physical metals is usually seen as a silly thing to do.

[Anonymous No.194103]

>>194098
I sold off a bunch at 35 so I'm repurchasing. I'd guess 1300-1350.

[Anonymous No.194109]

>>194100
Fuck what other people think; let them monger their paper and get hosed by bail-ins, inflation, and outright theft by bankers.

[Anonymous No.195127]

>>194071
>>194100

Muh niggas

I went in after it fell just under $20 back in Jan./Feb. Hoping silver stays at the current $20-22 plateau so I can stockpile some more.

I'm making it a goal to complete a roll of ASEs buy purchasing 5-10 coins at a time on a monthly basis.

[Anonymous No.195143]

so where do you buy silver?

[Anonymous No.195150]

because I already have a decent amount of silver.

had to sell 100oz though, real pain in the ass

going to try to stack on the way up though, I just hope it doesn't take off too fast

[Anonymous No.195147]

>>195143
I've brought from APMEX, BullionDirect, and Provident. I only recommend eBay for exotic items; I'm fond of Latin American silver coins since they stamp the weight and finesse on them.

[Anonymous No.195157]

>>195143

I live within the NYC area (one of the Five Boroughs). Once or twice a month, I head over to the Diamond District on W. 47th St. You'll have the usual JEWelry and watchmaker shops, but the bulk precious metal sellers are there. Just select a shop or booth and ask if they sell silver bullion. They'll know what IT is you're looking for.

[Anonymous No.195158]

my favorite is scottsdale mint but I actually dont have any. I have real moster box, didn't sell at $50

won't sell before $100

[Anonymous No.195160]

>>195157
they screw you with sales tax?

[Anonymous No.195163]

>>195160

Think you're exempt on bullion over $1k in NY. Just buy online from dealers that operate out of states that don't charge sales tax on PM.

[Anonymous No.195174]

>>195160

It's hidden in the prices they offer. For example, when silver hovered around $20, I asked a particular dealer how much they charged for American Silver Eagles. He said it was $25 (obviously over spot). That's the built in premium tacked onto the price of ASEs. But at least they didn't charge the sales tax on top of that as it was an over-the-counter purchase paid in cash.

I'm not too sure how they price generic forms of silver bullion (bars, rounds, etc.) however. Next time I travel to Manhattan, I might buy me one of those 10 oz. Engelhard bars. Those look visually appealing!

[Anonymous No.195172]

Prefer more liquid assets.

[Anonymous No.195270]

Is silver profitable? how do you even sell it? ebay?

[Anonymous No.195403]

>>195270
From what I hear hoarding silver is more of a long term thing.
Buying high selling low works but might as well play the stock market with etfs or something.

[Anonymous No.195423]

I don't believe in the returns it claims to offer

[Anonymous No.195430]

>>195403
>Buying high selling low works

[Anonymous No.195427]

>>194098
Only have about 30 oz, i'm more gold than silver guy.
I really want to buy some platinum, is it good right now?
Also the other barrier for me is they didn't make platinums in cool looking coins and bars.

[Anonymous No.195445]

>>195143
I grew up in Taxco so I kinda just take it from my families reserve.

[Anonymous No.195455]

OPs picture gave me a chubby.
Where do you guys store your precious metals? Safe deposit box or securely at home?

[Anonymous No.195482]

I sold in 2011. Then I bought back in and lost my ass.

[Anonymous No.195493]

If I can't store it on my harddrive I don't trust it.

I think that at the time silver starts going up significantly I'm already dead.

[Anonymous No.196328]

>>195163
not bad; still think you could get a better deal through one of the bullion houses but still
>>195174
ASEs are a crock
>>195270
it can be sold back to the bullion houses
>>195455
various places
>>195493
if it's stored on a hard drive, I don't trust it

[Anonymous No.196354]

t-this is kind of my silver

[Anonymous No.196372]

>>196354
it's not silver, it's 1s and 0s on a hard drive

if I were to open a text file, write "gold", copy and paste it a thousand times, you would think it is gold.

What nonsense.

[Anonymous No.196376]

>>196328
ASE's are a crock?

its the most recognizable and most liquid coin in the world. Their is a premium over spot and you are guaranteed to get it back...

I paid less than 2 over spot for 2010 Eagles, now the premium is over 4

[Anonymous No.196384]

>>196328
>ASEs are a crock

Not really. Dealers charge a premium to sell them, put they'll also pay a premium to buy them. It's the spread that matters. ASEs also have the bonus of possible numismatic value.

[Anonymous No.196385]

>>196376
the premiums are still $2,5 on BullionDirect and there is no guarantee one will recoup the premium

[Anonymous No.196397]

>>196372
1s and 0s worth money tho

[Anonymous No.196433]

>>195455
>where do you store

The common places to store (if you take physical possession) are in a safety deposit box, a safe, or hidden somewhere (or a combination of any of these).

[Anonymous No.196448]

>>196397
you're counting on pawning off your 1s and 0s on a greater fool, otherwise you would not be bothering with them

[Anonymous No.196487]

>>196448
top lel mate, same to you

[Anonymous No.196495]

>>196487

The difference is that PMs have various industrial applications. The only application of crytpo is as a system to conduct transactions.

It's just more convenient to store metal than say oil or grain.

[Anonymous No.196506]

>>194071
Because of the metal bubble

[Anonymous No.196535]

>>196506

Buy low sell high. PMs tend to up when the economy is doing poorly in general and they tend to go down when it recovers. That's what makes them a good hedge.

[Anonymous No.196638]

>>196495

You are correct for silver, unfortunately gold has no industrial applications.

[Anonymous No.196677]

>>196638
>gold has no industrial applications

Gold has plenty of industrial applications (it's a good conductor that doesn't corrode and is very ductile), but I would agree that the price of gold doesn't accurately reflect its industrial applications.

[Anonymous No.196763]

>>196376
You pay a fairly high premium for American Silver Eagles but what you get is a coin that is highly recognizable and the U.S. still has a reasonable reputation for being trustworthy.

This means that when you want to sell your ASEs, you won't have to get them assayed, which will cost you a few percentage points.

But if you're a big buyer and are looking to minimize premia, your best bet is to buy large silver ingots. I've never done this but if it's like good delivery gold bars, taking possession means getting the bars assayed when you sell them.

[Anonymous No.196770]

>>196763

The trade off (besides assay fees) is liquidity. There are fewer people who are able and wiling to buy a 100ozt silver bar compared to 1ozt bars/coins. For a typical person I would say a mix of 1ozt and 10ozt is reasonable.

[Anonymous No.196782]

>>196506

This

Not fully corrected you can lose money here

[Anonymous No.196912]

>>196770
I sell to companies that are capable of dealing with large amounts of silver and liquidity is not an issue. My understanding is that when I place a sell order to them over the phone, they either have another buy order to match up with my sell or they hedge the purchase with a future.

[Anonymous No.199978]

My grandpa used to horde silver, but his secretary stole all his silver but one coin.

[Anonymous No.199983]

>>199978
>letting people know about your stash

Probably one of the biggest mistakes you can make.

[Anonymous No.200750]

Should I be buying Gold or Silver? I know fuck all about anything. I own 2 Oz & ten grams in Gold ATM.

[Anonymous No.200796]

or indeed neither.

[Anonymous No.200855]

>>199978
>but his secretary stole all his silver but one coin.
Nice. Your grandpa must have been one son of a bitch then and probably deserved it.
It's like leaving one cent as a tip to a shit waitress/waiter.

[Anonymous No.200865]

>not buying silver at wholesale prices
>buying from people retailing silver to the market instead
>ranting about how you're making an investment
>buying at retail
>may as well be buying 2-liters of soda at $1 hoping they go up to $1.50 so you can return them to Wal-Mart in a month.

There isn't even a point in explaining this to you fuckers is there?

[Anonymous No.200908]

>>196506

Silver goes parabolic every 30 years. Not a great investment imho. This is a hedge, somewhere to put money in case the market goes stupid and tanks.

>>196782

This is correct. Don't be a good goy and buy at the peak of a bubble. If Gold and Silver weren't terrible investments (investments, not hedges), you wouldnt have gold and silver bugs shilling these precious metals so hard.

If you really want to make money off gold or silver, just get in a Triple ETF

[Anonymous No.200942]

>>200865
>may as well be buying 2-liters of soda from Wal-Mart

If soda kept, Wal-Mart operated like a dealer, and you expected a rise in soda costs, sure.

>>200908
This. PMs are a commodity that should be used as a hedge.

[Anonymous No.201073]

I don't get out to coin shows or stores often enough to buy silver coins for their numismatic value.

[Anonymous No.203408]

>>195427
platinum is not that great right now (was better in late december, early january). and overall it's not that far from its highs. Buy if you want, but it could go either way (as always!)

I don't know what you define as cool, but there are platinum bars and coins

for coins you have platinum eagles (usa), maple leaves (canada), platypus (australia), and koalas (australia)
platinum eagles carry a ridiculous premium compared to others, and it's high even compared to the premium for similar sized gold eagles. I don't know why.
for bars, you have bars from PAMP suisse, credit suisse, johnson matthey, engelhard, valcambi, baird, scotia bank, and more

I've noticed they rarely sell platinum in coin shops and shows. One seller told me everyone has it, but they're hoarding it and waiting for prices to go up. Try providentmetals or apmex if you can't find it locally.

pic shamelessly stolen from ebay

[pete pe No.203421]

I only buy silver and gold for numismatic. There is something alluring about ms70 gold eagles

I have no use for hard metals

[Anonymous No.203562]

How is silver as a long term investment?

[Anonymous No.203579]

>>203562
Silver peaked at around $50/oz 3 years ago. It's down to about $20/oz now.

[Anonymous No.203590]

>>203579
So.....no where to go but up?

[Anonymous No.203603]

>>203590

It's mostly used as a hedge against market downturns. It really shouldn't be your primary investment.

[Anonymous No.205372]

even if silver does go down in the short term. to lets say 15 or even 10 dollars or lower. You will only be getting more OZ for your fiat garbage. Silver is a long term accumulation play. Why would you ever want to sell silver for fiat anyways. If a situation like Weimar Republic hyper inflation happened again, one would be a fool to trade silver for fiat. This being said silver is the most manipulated of the precious metals because it delivers the most power to the people while subverting the banks power over them. Some say silver true price discovery will be around the 500$ an oz range. Some even say 5k.

One thing is certain the physical paper futures market is manipulated and if the population ever became aware of the true power the banks had over us and started to turn fiat into silver. it would only take 1% of the population getting only 1-1/2 oz a year. So even at 500$ an oz that would still be only 750$ per 1% of the populations person to move silver up. Right now at 20$ it is only 30$ to start moving it with 70million people. For the entire earths population. I could go on also about the fact that 500million oz are used each year for industrial and most of it is non recoverable and disposed of into landfill. Silver mines do not exist anymore and silver because of its so incredibly low manipulated price silver is a biproduct metal from things like zinc and lead. Complex industrial items that use silver can have silver go to 125$ an oz before it will effect price of technology development.

All this being said the true issue at hand is for the people to take back the power of who issues currency. There is no good reason why we should allow the bankers the priv to bring money into creation from DEBT.

[Anonymous No.206404]

>>205372
>Some say silver true price discovery will be around the 500$ an oz range. Some even say 5k.
Some say bitcoin will be the only currency in 5 years...

[Anonymous No.206471]

>>206404

the math has nothing to do with BTC dreams. the math for expensive silver is based on fiat standard going back to silver/gold backing.

The future will be interesting and i for one will rather hold silver in my hands than fiat. What would you rather have 5-10 years from now. a 20$ fiat or a 1oz silver fineeeee

[Anonymous No.206696]

>>206404
I think that would say more about the dollar than about the silver

a dollar used to be .77344 oz of silver aka 1 ounce of silver was worth 1.30 dollars.

[Anonymous No.206697]

>>206696
what I meant was that a gallon of gas would probably cost 40 bucks then, assuming it doesn't change much

[Anonymous No.207139]

>>206471
>the math has nothing to do with BTC dreams
>the math is based on fiat standard going back to silver/gold

That's the same kind of math crypto-fags use. The world is not going to go back to commodity backing currency.

[Anonymous No.208460]

>>207139

Same kinda math crypto fags use? No. It's not. You're the fag.

The odds that any government will use a crypto currency as a % of fiat is so much lower than the odds a government will use a % of commodity.

The world is not going back? Are you sure? What is china/india and germany doing then.

You do not even offer an argument you just sound like a drunk fiat supporter who knows not what you support.

I hope you at least agree we need to move away from debt based fiat. Unless you like letting the bankers constantly take back control from the people.

It is not what the money is or is backed by. It matters who is in control of the supply.

[Anonymous No.208471]

>>195455
>Where do you guys store your precious metals?

23 paces south and 42 paces east followed by 5 paces north. Then dig 4.2 feet down. Start at the old oak tree.

[Anonymous No.208527]

>buying a nonproductive asset
Don't do this.

[Anonymous No.208641]

I met this singaporean billionaire about 4 years ago who told me about 10 times that it's easy to make great profits off of silver, and that he shipping crates full of it.
He also carried on about how paper money isn't worth anything, and the jewish bankers trick everyone.
I was pretty broke at the time and didn't buy anything.
So where to buy silver in Australia?

[Anonymous No.208661]

Is silver seriously only just above $20? Why is gold valued so much higher? Isn't Silver used in all sorts of ways?

[Anonymous No.208663]

>>208641
im not australian but in doing a search i found this for you. good luck humaniod brethren

http://bullionmoney.com.au/
http://www.bullionbourse.com/
http://www.perthmintbullion.com/us/default.aspx
http://www.goldstackers.com.au/store/

should do further research into them to make sure they are legit and have good track record. im in USA and usually use APMEX or buy from local guy.

Love me some johnson matthey 1oz bars. Get um while they still making them.

[Anonymous No.208670]

>>208661
Silver is held down naked shorted. while gold is manipulated by elite any directions. they must keep silver low thou. it is the peoples metal. it always has been, it always will be.

[Anonymous No.208688]

>>208670

Interesting. Is it worth buying? I wouldn't mind buying like 10 ounces worth and throwing it in a safe and forgetting about it.

[Anonymous No.208686]

>>208663
Thanks mate.

[Anonymous No.208758]

If the world collapsed to the point of using gold/silver/bultets as forms of currency I'd rather just kill myself than try to live in it.

[Anonymous No.208775]

>>208758
the point is to take back the power from the bankers and their debt based fractional reserve system.

[Anonymous No.208872]

https://www.youtube.com/watch?v=U71-KsDArFM

captcha : recommended bergstien

[Anonymous No.208928]

>1K+ silver
>only 3/4 an oz of gold

Did I make the right choice /jiz/

[Anonymous No.209037]

Do any youtube shit lords post on /v/ or are they all on rebbit?

[Anonymous No.210029]

>>194071
Didn't the metals market fuck itself like 6-12 months ago? or was that just gold?

I remember a lot of people smack talking Ron Paul and his buy gold shit.

[Anonymous No.210069]

>>210029
Silver is at a 5 year low too

[Anonymous No.210145]

>>210069
Not even 4 years.

[Anonymous No.210149]

>>210145
Close to it

[Anonymous No.210162]

>>210149
I aint hating. I actually put myself into the mind set to keep buying while hoping it goes lower in the short term (1-2 years). Knowing when it goes lower I get more weight for the $. I will also accept if it starts going up and even goes over 50$ again, to keep buying. But I would like to have my hoard bigger by this major break out we all know is possible. Median home price in the 80s was 10,000$ and you could trade 1000 oz silver for a decent house. I believe that day can happen again, in our lifetimes.

[Anonymous No.210164]

s-so where do i buy silver (or gold, for that matter)?

[Anonymous No.210165]

>>194071
do you buy online or in local coin shops?

[Anonymous No.210167]

>>210164
Apmex. If you're in America. Or local reputable coin/bullion dealers. Do your homework.

I have nothing against gold. However knowing the ratio that silver has historically come out of the ground vs gold, is around a 9-1 or 10-1 ratio. So if Silver is 65-1 right now and has been as high as 80-1 in recent years, means you'll get 65 oz for every 1 oz of gold. I myself would rather have a phat stack of weight. Silver also has a lower downside risk. Sure it can crash and go lower and maybe even wet dreams of 8-10$ range where you can load the boat. But it wont stay there long and it wont go lower. It will only get more rare going into the future with 500million oz used every year for industrial. Much of which isn't recycled and lost in landfills.

I could go on but basically go check out some 100oz bars of silver and tell me you wouldn't rather own one of these than 2oz gold.

In future if ratios ever correct as they should be, you can start to trade in silver for gold.

[Anonymous No.210171]

[Anonymous No.210179]

>>210167
>Apmex
wow, this looks awesome. thanks a lot

[Anonymous No.210204]

>>208872
yes, everyone should watch this

[Anonymous No.210213]

>>210167
One day landfills will be mined for their silver deposits.

[Anonymous No.210214]

>>195493
Unless you have a RAID 5 array or equivalent you should use cold storage

[Anonymous No.210216]

>>210214
Is it worth buying 10 oz of the Johnson bars with a credit card($23.70) and $9.95 s&h

Comes out to $245.65

I'd like to make a profit in maybe 5 years

[Anonymous No.210235]

>>194071
>not diversifying your portfolio instead

[Anonymous No.210253]

Do recycled silver bars have less value? Such as from OPM?

[Anonymous No.210267]

>>210253
>>210216
Alright well this asshole is me and I hope you retards are right. Just spent $240 for 10oz of silver (OPM 1oz bars) in the hopes it'll pay off in 5ish years

Been looking into investing lately as I'm 23 and in a good situation to be able to save up cash for now, looking for investments that'll at worst hold it's purchased value or increase for a nice profit.

[Anonymous No.210384]

>>210267
Great, the minute I do anything everyone leaves. Maybe you assholes tricked me into buying silver so that your mining stocks go up, now that I actually know about the silver market a bit better.

Anyway, as far as assets go from what I have now looked at, it seems as though silver peaked and crashed and we're still experiencing a stable low. I don't think silver will ever be around $10 again, I wasn't in the market when it was but it seems as though that price is now beneath the lowest value it could hold. I bought in at $24/oz which doesn't seem like a high, although as I type this it does now.

When will silver be $17 again?

[Anonymous No.210433]

>>210384
I think I made a huge mistake. The last time silver went under $10 was in 2009ish and the last greatest peak was about halfway through 2011.

Looking at the 20 year chart I can see things going either two ways. The price of silver is artificially manipulated and drops for the sake of maintaining a cheap status quo, resulting in many more investors who will hoard the silver and lead to another bubble in <5 years

The price stabilizes at around $20 accounting for the moden market, and that becomes the cheap $5 low of yesteryear. The peak we'll see in the future will be more than what we have seen so far because the goalposts of standards have been moved.

Either way I now need to simply hold onto it as it will surely become more valuable than what I paid per oz. my profit margin won't be as high as someone who bought in during 2009

[Anonymous No.210482]

>>210433
No one likes me

;_;

But seriously I need to know more about silver, everything. I'm fully invested now. I want to know all that I can.

[Anonymous No.211324]

>>210482
Woah, relax bro. You were either up very early, or very late. People went to sleep. You are feeling anxiety over a new investment. But you also said you have 5 years. So just remember to relax. Also don't be so cheap and only get 10oz for 5 years. no reason you can't buy 10 oz 4 times a year, for the next 5 years. Then you wont have to worry about the price so much and what it might do because you will be buying in an avg. It going down will just make you feel ok because you're about getting oz.
Everyone wants profit but we are in a new paradigm world set of currency wars fiat and NWO looming.

Why didn't you get the johnson matthey bars, you were asking about them and they are on sale. No there is no difference in recycled silver, silver is silver. However the bullion assayer and purifier mark is important such as johnson matthey or a government minter. You'll be ok thou its just your first investment. Also you say you bought in at 24 or whatever an oz, but you're calculating some of that from markup, you'll be able to recover a various amount over spot when you sell depending on the stamp. (silver eagles go around 5$+ maple leafs 3-4$+ various reputable rounds/bars 1-4$+) For example my local guy will buy over spot for most popular items by 1$ and my johnson matthey bars sold individual on ebay i have noticed fetch 4-5$ above spot. Post link of what you decided on. Also don't worry nobody is here to sucker you into silver. It is a huge market with room for all. Did you watch the Secrets of oz youtube link higher up in this thread? Give it a go. I'll give you another series about silver you might also like.
https://www.youtube.com/watch?v=iX8GHFiCbaA
watch them all 1-21

TL;DR Relax and stack on.

[Anonymous No.211352]

>>211324
>OPM 1oz bars

http://www.apmex.com/product/61091/1-oz-new-ohio-precious-metals-silver-bar-999-fine?cvsfa=3405&cvsfe=2&cvsfhu=3631303931

is this what you got? they say out of stock thou so probably not. this one looks bad ass with that lil mushroom in the corner. but id still go for the johnson matthey because who knows how long they will keep making them, and they come individually sealed. If you buy 20 of them you'll get a full sheet of 20 in plastic that will have in order serial numbers and can pop out individually. Super sweeeeeettttttt

[Anonymous No.211587]

>>211324
I was up very early.

For sure I plan to buy more silver. Even if silver went back up to $50, which would double my initial investment so far, I would only make a but over $250 in profit, which is small potatoes.

I'm trying to invest my extra capital to make it work for me. All of it sitting in the bank is doing nothing for me, meanwhile while it does sit there, the bank is putting it to work for themselves. Why can't I put it to work for myself instead of letting others use it to their advantage? I'd like to borrow a million dollars make 1% profit and then pay back the loan, but I can't do that and they can and it's bullshit.

Anyway, I didn't buy from Apmex because they wanted to charge $10 for shipping and charge me sales tax to the cue of almost $20 because I live in Ny. Bad investment, the price per oz in that transaction would have been $26/oz
Apmex seems like the worst place to buy.

Elsewhere I was able to get the OPM 1oz bars for $24/oz after shipping&handling and that's with a premium because I was paying with a credit card. I don't use checks and wire transfers have a minimum. I feel it was a decent investment for the long term. I feel that with the onset of modern markets and the modern economy. Silver won't be able to go back to the lows of earlier years. I think with emerging classes into wealth in China, India and abroad, silver will inherently become more valuable as more people are looking into assets to hold their money in. Silver being cheap, is perfect for an emerging middle class abroad.

With that said. What are other good investments for low budgets? Any particular bonds, what are CDs and maybe something low risk long term investment.

[Anonymous No.211627]

>>211587
>Apmex seems like the worst place to buy
For common things yes, but they have a crazy large selection if you want something obscure.

>what are CDs?
Basically fixed term savings accounts that give a higher interest rate.
+Higher rate than savings
+FDIC insured if your bank's a member
-Lower rate than stocks / bonds
-Penalty for early withdrawal.

[Anonymous No.211678]

>>211587
>sales tax
yeah forgot about that. im in no sales tax state. so i only pay the 10$ shipping. Also try to get 20 oz or so so its only .50 cents per oz extra. Then I wait till apmex has the deal and try to pay in 'cash' like lately JM 1oz bar are on sale any amount 1.5$ over spot. So after shipping my sheet of 20 it was 2.0$ over spot. Which can't be beat for premium name product. You will see apmex have free shipping on junk silver from time to time, and also silver rounds from .89-.99 over spot.

"New York
Coins and Paper Money are Taxable, Bullion is Exempt when over $1000."

Maybe save up till you have 1000$+ rather than 250$. Easier said than done.

I wonder why one site charges state tax, and others can get away with not charging.

[Anonymous No.211705]

>>211678
it depends on where you're buying and selling too

for example most online transactions aren't taxed unless the seller and buyer are in the same state (they'll usually have a state, or a list of states they'll draw taxes from)

the no sales tax over $1000 is available in many states, just google it

also in my experience, coin shows tend to have a couple of bullion dealers, and they usually don't charge taxes at the show

[Anonymous No.211710]

>>195427
Platinum actually isn't that bad, given the situation with Russia. They are the world's largest producer, just edging out South Africa.

[Anonymous No.211722]

>>203603
Except when the markets are at all time highs nominally, adjusted for inflation, extremely overbought, and propped up by central bank liquidity.

[Anonymous No.211730]

>>206471
The math for silver is actually more about the marked recognizing that all the silver in the world has been used up, and that only much, MUCH higher prices will bring the silver the market needs out of the hands of physical owners.

10 billion oz of silver in vaults around the world in the 1950's. 300 million as of a few years ago. Can you see the trend?

[Anonymous No.211743]

>>211722
kek
bernanke you are drunk go home.

[Anonymous No.211745]

>>210482

Silver and gold are the two monetary metals that have been most used throughout history. Of the two, gold is practically a purely monetary metal while silver has quite a few more commodity uses. As a result, silver will track commodities more than gold.

At the current prices of $1,370 and $21, the gold/silver price ratio is 65, which indicates that silver is inexpensive relative to gold. This means that silver should either rise in price more quickly than gold or that gold will fall in price more quickly than silver.

My feeling is that gold is going to go up even more this year as the hedge funds pretty much dumped their holdings last year. This implies that silver is going to go up a good percentage, too.

However, because silver does behave like a commodity at times, you do have to be prepared for a potentially unpleasant drawdown if China's economy crashes.

Silver, though, is not going to go to zero and it seems highly unlikely that we'll ever see the $4/oz days again without a monetary system reset.

Hang in there. silver should be near $100/oz within the next five years. If the volatility bothers you, buy gold instead.

You can buy gold and silver through closed-end funds, too. CEF holds a roughly 50/50 split in gold and silver. Being a closed-end fund, if you file the paperwork, it gets taxed like a stock rather than a commodity. Of course, this only matters if you're in the U.S. and if you own the shares in a non tax-advantaged account.

[Anonymous No.211752]

>>211722
nevermind i read it wrong ur talking about the markets not silver. Silver if anything is being naked shorted with all that extra liquidity.

Yah im the drunk one and how in the hell did you accumulate 1450 oz. When did you start stacking.

[Anonymous No.212608]

Silver is around $20/oz. Should I buy 100 oz or wait for it lower more?

[Anonymous No.212615]

>>212608
Depends, 100 oz of what

[Anonymous No.212618]

>>212615
Silver

[Anonymous No.212623]

Where can you buy ingots
Ever since watching Three Kings I've always wanted a block of precious metal

[Anonymous No.212625]

>>212623
http://www.apmex.com/

[Anonymous No.212641]

>>212625
Damn I love silver. Makes me feel like a space alien with a purpose.

[Anonymous No.213035]

>>211710
I think you're confusing it with palladium

palladium russia: 44% south africa: 40%
platinum south africa: 80%

[Anonymous No.213763]

I'm wondering if we will get a nice short term buying opportunity if and when this ukraine news drops out of the cycle. We might get a sell off when that happens.

Also if overall equity bullmarket pushes into the 6-10 year range we might get a further long term bottom in silver around 15$ - 12$ range.