/biz/ - Business & Finance

[Anonymous No.54534678]

What's the deal with silver? I'm looking to trade a small percentage of my bitcoin into metals, and despite the fact that I'd very much enjoy a giant pile of coins, I'm not really seeing the bull case here.

Silver cannot be used to make online purchases, so I think the alternative money thesis is out. Does anyone have any information on the current industrial value of silver and estimates for it over the next decade? Is there a case for a silver-backed dollar or one partially backed by silver?

From what I can tell it just seems like poor people here like silver because they can get a giant stack of it for cheap and have sort of attached a meme stock narrative onto it, but I'd love to see what you boys have to say.

Post your best silver shills and redpills below.

[Anonymous No.54534704]

For me... it's shiny.

[Anonymous No.54534733]

>>54534678
all you need to know

[Anonymous No.54534740]

>>54534678

The only point of silver is to barter for goods and services under-the-table when cash is eventually banned.

[Anonymous No.54534747]

>>54534678
The most brutal redpill you can take regarding silver is that it's the opposite of a hedge against inflation. You take this redpill by simply zooming out: Silver was $49 in 2011 and today it's crabbing around at $24 and that's with inflation having massively increased since 2011 and exponentially going up -- but wait, it's even worse; it was nearly $50 in 1980 and since 1980 inflation has increased even more than since 2011.

[Anonymous No.54534761]

>>54534740
Why wouldn't I just use bitcoin for this?

[Anonymous No.54534807]

>>54534678
Can't build solar panels and EVs without massive amounts of silver. It is the most reflective metal on the periodic table and has many uses. If you want to build the technology that the future requires you need silver and there is very little silver to begin with.

[Anonymous No.54534814]

gold is where most of your PM money should be for a variety of reasons, but there is absolutely no good reason to not have at least 2-300 ounces worth of silver tucked away. if $4-7k stored in silver is a lot of money to you then you shouldn't be considering PMs in the first place. more than 2-300 ounces? better have a solid place to store it because it's getting pretty bulky and heavy at that point.

there are many scenarios where silver dramatically increases in value relative to other goods, and few scenarios where it decreases. some of the former scenarios seem increasingly likely. any sort of fiat collapse will see a scramble for silver. it's just a dumb thing to not have sitting around if you have even low six digits of stored assets.

[Anonymous No.54534834]

>>54534761

You can. It just depends where you live. In my local area, I can guarantee farmers won't take Bitcoin. They will take silver though.

[Anonymous No.54534853]

>>54534761
the vast majority of people don't know how to use it and many that do don't want it. also it's reliant on several layers of technology that might lose relevance, so it's risky to hold for super long periods. people bitch and moan when it's said but it really is just 21st century tulips.

[Anonymous No.54534871]

>>54534678
One of the reddest pills is how it's getting devalued into oblivion along with gold and fiat.

<--- silver

[Anonymous No.54534888]

>>54534871
<--- gold

[Anonymous No.54534902]

>>54534888
<--- fiat

[Anonymous No.54534905]

>>54534853
Bitcoin is not tulips, you just haven't taken the time to understand it yet.

[Anonymous No.54534928]

>>54534905
I mined it for several years on 24 1060s.

[Anonymous No.54534963]

>>54534834
If they've actually banned cash don't you think they'll have banned both bitcoin private ownership of metals as well? The main difference being that bitcoin is easily tradable globally.

[Anonymous No.54534980]

>>54534963
>easily tradeable
the vast majority of people don't know how to use it and many that do don't want it. I know those bags are heavy but, reality check.

[Anonymous No.54535003]

>>54534834
And to your point, I know just as many people who have no idea what the spot price of silver is and would not barter with coins but who would accept bitcoin.

I'd really prefer a bullish case for the industrial value, but I suspect even if the demand in that regard goes up significantly its probably still a lower price than the current spot.

[Anonymous No.54535032]

>>54534963

Maybe. But, that won't stop people from using it anyways. The bigger problem I could see with Bitcoin is, if you buy something online using your wallet and you have that item shipped to your house, the government could possibly retrieve that information from the seller and they'll know who the wallet belongs to. With silver, you just hand it off to somebody else. There is no way to trace it back to you, unless the seller rats you out, which would require ratting himself out as well.

[Anonymous No.54535041]

>54534761
Pic releted

[Anonymous No.54535064]

>>54535003

Well, when the next "hard-landing" happens sometime this year, silver will probably sell off like everything else. The dealers are gouging hard right now. The spot price is $24 and they're asking $48 for an American Silver Eagle.

[Anonymous No.54535066]

>>54535003
how much physical gold or silver do you have?
i bet its 0

[Anonymous No.54535099]

>>54535032
They could, but with silver you just couldn't make an online transaction at all. And I can trade bitcoin in-person more readily than silver and they can verify it.

This was less of a bitcoin versus shiny rock thread and more of a silver versus gold thread. Like I said I'm selling a small percentage of bitcoin to buy metal as insurance on some sort of bitcoin black swan event, I'm just trying to decide if there's a case to buy some percentage of silver in addition to gold.

[Anonymous No.54535156]

>>54534761

Because that's going to be super banned.
> T-t-they can't BAN BITCOIN THE NETWORK IS GLOBALLY DECENTEALIZED!!!

ok just wait until the possession and use of Bitcoin is terrorist enhancement felony with fines and prison. See how many people are going to use it, trade it, or operate a crypto exchange for anything except UN approved fedcoin.

[Anonymous No.54535323]

>>54535156
The price of bitcoin would get annihilated in the medium term, but bitcoin would continue to exist and be tradable in less hostile jurisdictions. All of these extremely aggressive regime crackdowns would equally impact gold and silver stackers so its not relevant to the discussion.

[Anonymous No.54535324]

>>54534871
one like fiat silver paper is back by something real.

[Anonymous No.54535383]

>>54535323
>Just wait until the government starts shooting bitcoiners in the head for digital tulips

[Anonymous No.54535399]

>>54534678
> it just seems like poor people here like silver because they can get a giant stack of it for cheap
Partly true but first of all you have to understand it's jews shilling the "silver only, goys!" narrative because they want people to stay poor. They mainly target people who already are poor, of course, and poor people more easily fall for it, fall for the shilling, fall into the trap. Notice how very often the shillers are simultaneously explicitly (and seethingly) anti-Bitcoin and anti-Monero (mainly because it's untraceable). Some of them are even anti-gold, because they know if the "nasty goyim" buy gold then they'll be (a little) better off than if they bought silver. Aside from the shills being anti-crypto, it's also very revealing that many of them post stuff like this: >>/biz/thread/S54523549#p54523626 -- promoting jewish religion while shilling silver and being anti-crypto.

That's what it's all about, all that "silver-only" shilling which began in early 2021. They launched their attack on 4chan while simultaneously using plebbit as a vehicle to popularize the idea people should buy silver only. It began there, their shilling started on "r/wallstreetbets" (which itself had the purpose of steering people away from crypto and into traps like GME), out of which the silver-specific subreddits grew: "r/wallstreetsilver" was created on January 29th 2021 and "r/silversqueeze" on January 30th 2021 (this is how to check: https://archive.is/OuXFy ).

Put simply it's a form of damage control to keep those who want to invest and protect their funds as poor as possible.

[Anonymous No.54535443]

>>54534888
checked

[Anonymous No.54535680]

>>54535099
The advantage of silver was historically increased divisibility versus gold which is part of the reason bimetallism was used in some periods. If you plan to exchange coins for goods in a black swan event it’s easier to trade $25 of value in silver than in gold.

As for bull case, silver has industrial use cases (medical, solar panels) and could potentially be re-monetized, and for the average person some portion of silver is easier to obtain than gold if people try to scramble into PMs.
Personally I would treat it more like an emergency fund and do 80/20 gold silver, depending on how much you intended to buy as over a couple hundred oz of silver is pretty big and heavy.

[Anonymous No.54535754]

>>54535323

Actually it is. One is purpose but for hand in hand grey/black market transactions among local communities that is impossible to stamp out and will always be valuable.

The other is a public computer program that can't be used unless it's on a traceable computer or smartphone using monitored internet and non-existent or monitored offramps... into what? Not bank accounts, not cash... People are just going to constantly trade their bitcoins around with no off ramp? No.

[Anonymous No.54535769]

>>54534761
because you want what I have and I won’t accept bitcoin. it will always be like that. you own nothing and you are happy, because you don’t realize you own nothing. I know you own nothing and won’t sell you something for nothing. no one will.

[Anonymous No.54535789]

>>54534905
>IT’S DIFFERENT THIS TIME
baby’s first mania

[Anonymous No.54535814]

>>54535680
Its only heavy when you start getting more than you can curl. Pushing a shopping cart is more work than holding silver

[Anonymous No.54536275]

Lot of zoomers going to have a rude awakening when they figure out that ISPs, payment processors, and shipping services aren't powered by magical gnomes. "Can't make online purchases?" What kind of smoothbrain bs is that? The big utility of shiny metal is that it's easy to stuff your pockets and go some place that isn't fucked. They're dense, recognizable, and varying degrees of indestructible. BTC has great value for certain transactions but is a totally shit store of wealth/emergency stash.

[Anonymous No.54536341]

>>54534733
cool. now do 1980 to today

[Anonymous No.54537067]

>>54534963
Lmao use an ip address to move banned currency or use a brown paper bag. If we're talking black market currency Bitcoin doesn't even compare it's only notoriety in that space comes from Feds being slow to understand, regulate and enforce but look at silk road now, look at seizures, look at Congress and Biden admin eyeing crypto with a 12 pound hammer in hand. Bitcoin is seized by nerds pressing buttons but PMs have to be paid for in blood and transactions can be as invisible as cash if not more so.

[Anonymous No.54537431]

>>54534747
>Markets reacts at lightning speed always, regardless of size.
Pure gayness

[Anonymous No.54537499]

>>54535099
You can trade paxag or paxg and then trade for hard currency at your local bartering bank.

[Anonymous No.54537548]

>>54536275
It's not easy to carry metal across borders, this is specifically something bitcoin shines at. And bitcoin bearer instruments do exist by the way.

[Anonymous No.54537557]

>>54537067
Bitcoin cannot be "seized by nerds pressing buttons", I'm not sure that bitcoin fudders on this site actually understand what bitcoin even is.

[Anonymous No.54537695]

>>54534871
>>54534888
lol now put the same chart gold against tulips during the relevant time slice, will look the same

[Anonymous No.54538097]

>>54534853
The TULIP mania wasn't even a mania, if you read into it it was caused by futures contracts you could back out of for a 3% loss, which caused the future price to spike

[Anonymous No.54538409]

>>54535399
Excellent post.

[Anonymous No.54538689]

>>54534853
Tulipmania never happened. A myth.

[Anonymous No.54538708]

>>54535032
How will you do online transactions with silver in that scenario?

[Anonymous No.54538783]

>>54535789
Bitcoin
> 14 years and counting
> Multiple peaks and crashes
> Actually happened

Tulipmania
> About 4 years
> Happened once, never recovered
> Didn't actually happen

[Anonymous No.54538801]

>>54537557
It can be prevented from being traded though. A government or governments could suspend exchange unilaterally and there’s nothing holders could do to circumvent an outright ban.

[Anonymous No.54538816]

>>54537067
>Bitcoin is seized by nerds pressing buttons
Where? When?

[Anonymous No.54538821]

>>54538801
How?

[Anonymous No.54538824]

>>54538783
maybe 'tupipmania' would've been more pervasive & enduring... if they had internet, like we do now.
e.g. one guy ate a tulip worth a house because he didn't know any better.

[Anonymous No.54538861]

>>54534678
Silver rounds make panties fall down.

[Anonymous No.54538891]

>>54538821
Take an axe to any exchange or validator servers that run the network. Totally shut the internet down for individual users. You could also simply flag and stop the data transfer of the block chain from one IP to another. It would be absurdly easy. You’d have to hoof around a cold wallet and then at that point the only improvement on gold would be bitcoins low-weight.

[Anonymous No.54538921]

silver is rural boomer bullshit, $50k is 125 pounds
gold is a bit better, but is still pretty trash, because no one actually takes gold as payment for anything

[Anonymous No.54539026]

>>54538921
>t. has never heard of gold bonds or Venezuelan black markets

Try paying for groceries or a house with BTC. Go on. Do it.

[Anonymous No.54539063]

>>54537431
>Just wait another 40 years bro

[Anonymous No.54539067]

>>54539026
why do you immediately start to assault BTC even if I didn't mention it?
you retards should get out of your casino echo chambers and invest in something normal people invest in

[Anonymous No.54539110]

>>54538783
>gold and silver’s 5000 year history as money is irrelevant
>bitcoin has existed for 14 years which shows it has staying power
kek

[Anonymous No.54539210]

>>54539110
honestly BetaTestCoin™ is the most stable store of value akin to digital gold, havent you seen its reliable price action during the past 5 years?

[Anonymous No.54540210]

>>54538891
>You could also simply flag and stop the data transfer of the block chain from one IP to another
You need to ban Tor, I2P, VPN and other kinds of overlay networks to actually block nodes from communicating.

[0xf30A11A2008f84b1E085B83389c6E96123b86374 No.54540366]

>>54534888
Check-em. But that chart is pretty unreadable.
>>54534747
>The most brutal redpill you can take regarding silver is that it's the opposite of a hedge against inflation
(Silver in year 1500 1 thaller per ounce)
Silver in 1964 - 1 dollar per ounce.
Silver in 2001 - 5 dollar per ounce.
Silver in 2023 - 25 dollar per ounce.

How is that not a hedge against inflation?

[Anonymous No.54540373]

>>54540366
100 Checkems scheduled for deposit

[0xf30A11A2008f84b1E085B83389c6E96123b86374 No.54540433]

>>54540373
Many thanks. Are Checkems available on uniswap sir?

[Anonymous No.54540508]

>>54534678
Looks like silver is, in fact, a retarded thing to spend money on. I've got to say I'm extremely disappointed because the silver Maples are absolute kino.

[Anonymous No.54540591]

>>54540210
I don't understand in these cartoon supervillain scenarios why silverbugs believe the government will let them trade ounces of silver for anything. They also talk at me as if people regularly use silver for exchange now and have no clue what bitcoin even is. If I showed someone an ounce of silver they'd think it was some campy half dollar or something.

[Anonymous No.54540612]

>>54540591
It doesn't matter what the average retard thinks. The average retard will pick a chocolate bar over a gold coin.

[Anonymous No.54540654]

I didn't believe it at first, but, after the 60th thread in 24 hours about how silver is going to 0, I'm ready to get rid of it and get some internet money that I can't even simply give somebody else without getting taxed for it. Hell, I'll get rid of the gold, too, except for the biggest 1 kilo lumps of it that are basically untradeable, and are thus the best to store value in.

[Anonymous No.54540881]

>>54534814
This is honestly the best answer. Ignore all the retards larping about bitcoin vs silver in their mad-max fantasylands. Going 100% into either one is retarded. But if you have a net worth over $100k, there is absolutely no reason not to own ~$5k in physical metals as an emergency stash.

[Anonymous No.54540895]

>>54534678
The 50 year cup and handle on silver should be enough of an incentive

>>54535399
>promoting jewish religion
Pic rel

[Anonymous No.54541036]

>>54540591
All I know is I buy my 18 carton of eggs with silver every week. Just because you city fags don't understand the value of silver doesn't mean other people aren't already using it as money.

[Anonymous No.54541054]

>>54540433
Idk but I'd sell you pictures of my feet for em

[Anonymous No.54541288]

>>54534871
>>54534888
very nice. Now let's see bitcoin's performance.
oh dear it's a worthless shitcoin. Look how the value goes straight down!

[Pay Up No.54541771]

>>54534733
so a long term you think silver maintains purchasing power?
>>54536341 >>54536341
>>54538097
please post more info, first I've heard of this.
>>54541036
based

[Anonymous No.54542065]

>>54534678
its been used for 5,000 years, banks end goal is silver and gold.

[Anonymous No.54542120]

You should absolutely NOT buy silver. I am going to need people to mow my lawn and rake leaves in my yard. You are the perfect candidate, once you lose a few pounds.

[Anonymous No.54542456]

I don't buy silver to make money, I buy silver so I don't have to worry. I grew up in Florida, I've seen mini SHTFs my entire life due to hurricanes. Power goes out no one panics they adapt. You'd see all stores only accepting cash because no power, people usually get food before hurricanes so no people aren't scavenging for scapes, the hardest part for a lot of people is boredom.
In a real shtf scenario crypto would be worthless, people like things they can put their hands on. So crypto is only good for swing trading.

[Anonymous No.54542525]

>>54542456
Except in Venezuela people use bitcoin and shitcoins and not shiny rocks.

[Anonymous No.54542553]

>>54535064
I really hope so. I love buying cheap silver.

[Anonymous No.54542555]

>>54542525

Believe me the ones that had shiny rocks in 2002 Venezuela are now infinitely better off than 99.9999% of the population.

[Anonymous No.54542563]

>>54542525
No anon they use runescape gold, and real gold

[Anonymous No.54542761]

>>54542525
>oh no, it's retarded :(
https://financialpost.com/news/economy/in-venezuela-people-break-off-flakes-of-gold-to-pay-for-meals-and-haircuts

[Anonymous No.54542825]

>>54534761
BTC has no intrinsic value, whereas PMs do..

[Anonymous No.54542889]

>>54542563
true. when venezuela lost power the OSRS economy jumped because no more farmers to farm shit for gold kek

[Anonymous No.54543188]

>>54534733
So you are saying silver is currently not undervalued and is a bad investment. Got it.

[Anonymous No.54543234]

>>54543188
If that's what you got out of it, you're a certified fucking moron lmao

[Anonymous No.54543347]

>>54542525
OP so far i've enjoyed your lines of inquiry, it seems you are genuinely seeking on this indonesian basket weaving forum answers as to why silver is good investment. important to note that you are in a digital insane asylum speaking with zoomers, schizos, and retards, among others.
Perhaps in thid de-dollarization scenario which is rapidly approaching, silver would provide some noice short term gains (not as good as well timed shitcoin swings). thinking about it on a much longer time horizon, the amount of silver i, and others on this board hold, will certainly allow us to have our way with the desperate mothers and daughters of the post apocalypse. in all seriousness, the bet here is the long time horizon: paper money going back to its intrinsic value of zero and precious metal moneys of the past regain their buying power.
for financial gains and progressing towards financial freedom, silver is not the gamble. but once you have a few spare shekels why not accumulate a few hundred oz's of silber for fondling, potential apocalypse scenarios and to pass down to heirs?

[Anonymous No.54543380]

>>54534733
You're not getting a C8 Corvette for $67k.

[Anonymous No.54543510]

>>54540210
There is a bill in progress in the congress or senate i forget which, which specifically will prohibit the use of VPNs under federal penalty.

[Anonymous No.54543569]

>>54543510
That's the RESTRICT Act, came from the tiktok ban, and it will pass. 20 years for doing something the government doesn't like using a VPN.

[Anonymous No.54543710]

>>54543569
I don't think it'll pass the house. Way too much backlash from both sides of the aisle. The bill is universally hated.

[Anonymous No.54544079]

>>54534747
>>54534871
ouch

>>54535399
I miss pre-2021 /pmg/