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/biz/ - Business & Finance

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50092137 No.50092137 [Reply] [Original]

oh shit, is silver about to enter another 20 year crab market?

>> No.50092186
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50092186

hurrrr durrrr "silver ends the fed" durrrrrrr gghhhhaaahahaha

>> No.50092294

>>50092137
don't know don't care still stacking silver

>> No.50092348

>>50092294
the multi-decade double top is looking so ugly silver could enter negative prices

>> No.50092524
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50092524

>>50092294
You're in essence stacking fiat.

>> No.50092607

>>50092524
Actually worse than fiat when you consider that inflation goes up but silver price basically just crabs. For example: X amount of silver at $20-$25 in 1980 could be converted to A LOT more food and things in 1980, than the very same amount of silver today at $20-$25.

>> No.50094822

Sticking with my original thesis from when I bought last year…

>Financial system is completely FUBAR
>Insane sovereign, corporate, and personal debt levels mean interest rates cannot be raised in any meaningful way
>Therefore there is an imminent currency crisis
>The only historical way to carry wealth through one of those is with precious metals.

I sold all my crypto in December and put 100% of the proceeds into silver.
So I'm doing a fuck of a lot better than all you "hodlers".

>> No.50095629

i heard whispers of the london exchange to stop futures trading but i can't see anything official
some economist said it in a blog

>> No.50095712

>>50092607
Commodities have 20 to 30 year cycles as well as 60 year mega cycles. I know that's hard for zoomers to understand. For example over 60 years gold has outperformed the S&P. You've been fed a bunch of lies son.

>> No.50097222

>>50095629
>https://www.marketwatch.com/story/lme-to-end-gold-and-silver-futures-trading-by-july-reports-2022-04-22
oh they did announce it now, i heard about it earlier this year

>> No.50097288

>>50097222
Ok time for a brainlet question
Why end futures trading for gold and silver if these metals aren't any better than fiat?

>> No.50097326

>>50095712
>just wait 60 years for a moon bro

>> No.50097445
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50097445

>>50097288
ze great reset agenda

>> No.50097473

>>50092137
It’s called poor man’s gold for a reason. Also, I had a dealer say to my face buyers pay for his second home. Needless to say, I stopped buying from him, but it’s the same for any dealer, including big dealers. Just don’t rub my nose in it.

>> No.50100321

>>50094822
Gonna make it

>> No.50101423
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50101423

>>50094822
>based and Mississippi bubble pilled

Have a years worth of pay in physical and i am holding junior miners. See you on the other side desu