[ 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: 3 KB, 249x228, 1612658878243.jpg [View same] [iqdb] [saucenao] [google]
28789003 No.28789003 [Reply] [Original]

Uhhh metal bros? How do you cash out physical metal when the time comes? Lets say it shoots up to $500 an oz for silver. You go down to the pawn shop to cash some in, but theres a line of 100 people waiting to cash theirs in as well.

WIth crypto you have infinite liquidity and dont have to leave your home.

>> No.28789218

you're literally coming to the fundamental realizations on why btc > gold as a store of value

>> No.28789637

>>28789003
You don’t. Haha!

>> No.28789706

>>28789003
you melt it and shoot it up your ass in liquid form. best high you’ll ever have.

>> No.28789791
File: 128 KB, 379x576, 1446948424483.jpg [View same] [iqdb] [saucenao] [google]
28789791

>falling for the physical meme
You're a literal bagholder, congrats on being free storage!

>> No.28789820

You don't cash out metals.

>> No.28789839

>>28789218
gold can be used in satellites
peterschiff.png

>> No.28790000

>>28789003
Silver will shoot up because demand exceeds supply. When we hit 100 silver within the next year or two, you wont have a problem finding a buyer. Every tesla takes a Kg of silver to make. Silver should be your safe savings, crypto is for growing money

>> No.28790266

>>28790000
Worst quads I’ve ever seen in my life fucking kill yourself.

>> No.28790314

>>28790266
lol

>> No.28790475

>>28789003

Most companies that buy gold and silver off of retail plebs will completely fuck you over in fees. Think coinbase fee but multiplied by 10 times.

>> No.28790502

>>28790000
It will go up but demand will never exceed supply because it can't. Silver is a byproduct of mining. It's not like gold which specifically mined for. And even silver dealers are saying there is no shortage.

>> No.28790636

>>28789003
Its why i never got to owning any precious metals myself. If I wanted to cash out on a pump then I'd have to leave my neet cave and talk to actual people. Or I gotta use mail and wait literal days for a transaction, that's if I dont get scammed.

>> No.28790754

>>28789003
You think you arent going to be able to sell precious metals because lines will be too long?
This is a non serious criticism.
New shops will open up.
Existing shops will hire more staff.
Why does this need to be explained?

>> No.28790785

you don't sell silver, you exchange it for goods and services, silver and gold are money,
example:
>pay 0.0723 oz of silver for a blowjob
>0.375 oz will get you 20 lb of prime rib
>1200oz gets you 20 ac of land with a 600 sqft cabin
>for 2oz a month you can rent a flat from Mr. Goldkindstone

>> No.28790844

>>28789003
WELCOME TO THE HOTEL CALIFORNIA

>> No.28790941

>>28790785
i wanted to buy silver a few weeks ago when it was mooning but there was a bad snow storm in my area so i bought crypto instead. metals are just inconvenient. im not mailing hundreds of thousnds of dollars worth of silver through the mail and i dont wanna have to meet up with 50 buyers on craigslist to get it all sold. pawn shops only buy it under way under spot price and then sell it to you way over spot.

>> No.28791021

>>28790754
but what if the shops run out of money cause everyones cashing out their silver? these shops dont have unlimited funds on them. if i bring 1 million dollars worth of metals in to them along with the rest of the town, it's gonna be rough and just counting all the metals will take hours

>> No.28791062

>>28789003
You don't cash out. It's a larp where you envision a post-apocalyptic society with no electricity where people have to barter goods at little markets and everyone carries a rifle and has fingerless gloves. It's retarded.

>> No.28791098

>>28791062
but wouldnt ammo food and water be worth more in that scenario?

>> No.28791166

>>28789003
Sell my silver miners and PSLV from the comfort of my living room at a huge mark up from whence I brought them.. what you aren’t carrying a huge pile of silver around are you? Oh dear

>> No.28792147

>>28791098
Only second to medicines and medical skills

>> No.28792577

>>28790000
>>28790266
Quads have spoken. Silverlets seethe.