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/sci/ - Science & Math

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15099768 No.15099768 [Reply] [Original]

what assets does sci hold?

>> No.15099774

By that deffinition silver wouldn't be a financial asset
Investopedia...

>> No.15099789

>>15099774
thats where you're wrong kid. the overwhelming majority of precious metals which are traded as financial instruments only exist on paper. wall street prints and trades paper gold and silver and the amount of paper metal they print is not fundamentally related to the amount of actual metals they possess in any way. if the price of gold is going up too fast and they want it down, they print more paper gold. there isn't any requirement which prevents them from printing paper gold when they don't own any real gold.

>> No.15099800
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15099800

>>15099789

>> No.15099802

>>15099774
Holding silver itself is not a financial asset. But buying a silver certificate or index is.

>> No.15099807

>>15099789
That's where you're also wrong. You're confusing it with the dollar coming off the gold standards. Direct paper commodity originators, whether for orange juice or gold, permit exchanging one for the other. If the price deviates, e.g. Falls below the actual price, money is made from retrieving the asset and selling the physical item. And vice versa.

>> No.15099809

>>15099802
Then why do i get taxed for holding physical gold

>> No.15099839
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15099839

>>15099807
>wall street produces nothing, its just a bunch of people chasing money
>thats why they would never lie or cheat or come up with ripoff schemes or engage in price fixing of any sort
>why would they lie when their only interest in life is getting money for themselves?
>wall street is 100% completely honest

>> No.15099848

My most valuable asset is my high IQ

>> No.15099851

>>15099809
Cuz the government is a jew that would tax stepping on pavement cracks if they could get away with it

>> No.15099866

>>15099809
because you let them know that you own it. they'll only let you keep your wealth so long as they feel that collecting rent on it annually is more valuable that taking the gold for themselves. when they decide that they want the metal they will take it from you.

>> No.15099879

>>15099774
https://www.investopedia.com/terms/c/commodity.asp

why is this on /sci/ anyway?

>> No.15099883
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15099883

>>15099879
glowniggers fishing for exploitable personal information about otherwise anonymous internet users

>> No.15099889

I put $1000 into a portfolio of dividend stocks every month and donate the dividends to longevity research.

>> No.15100206

>>15099889
thats wild how gay that is

>> No.15100251

HISA and term deposit. I have a short horizon and a sizeable portion of my money is student loans so I can't afford being left holding the bag.

>> No.15100298

>>15099807
>permit exchanging one for the other
This is wrong. You literally can't go and cash your gold certificates for actual gold. We tried doing that 7 years ago with 324 million bucks worth of gold; they just won't give it to you. Pretty sure the gold exist only in paper.

>> No.15100374

>>15099807
https://youtu.be/3r9utyek8X4?t=664

Precious metals price suppression is the bedrock of the unstable monopsony practiced by banks. One could say gold price suppression is simply part of banking culture. It hilarious to do gold price estimations if all the paper went up in flames and the true market price was revealed. We think the 1945 $0.4 dollars ($6.62 in todays money) is a joke, but when you realize that was on $35 dollars per ounce of gold fixed, than you realize that 7 figures is probably low balling it for washing floors and picking up cigarette butts

>> No.15100378

>>15100374
1945 0.4$ minimum wage*

>> No.15100402

>>15099848
Based

>> No.15100410

>>15100374
>than you realize that 7 figures is probably low balling it for washing floors and picking up cigarette butts
What do you mean by this?

>> No.15100484

>>15100410
In 1945 the minimum wage was 40 cents an hour, or, at fulltime $832 year. At bretton woods gold standard at $35 an ounce that is 23.77 ounces of gold per year.

even at supressed price levels at 1885 an ounce this will equate to $42665 dollars per year, or $20.5 an hour. (note that current minimum wage is 7.25 an hour which is $15080 a year or 8 ounces of gold per year) so in gold terms the minimum wage today is alot lower than what it was in 1945.

but, the question is, if everyone called in their paper gold (paper gold claims that it can be redeemed if asked) at the same time, (and that, lets say Zeus threatened the bankers to reality shift the people into a new timeline and leave them to a timeline of destruction if they do not comply) what would be the price of gold.

In https://intelligent-partnership.com/paper-gold-volumes-vs-physical-gold-volumes/
we get a number of 45 474 200 paper ounces and 2 735 041 ounces on Comex. So there will be an intense bidding war over the real 3 million ounces.

You could get elasticities of supply and demand and create supply and demand curves, but I dont think they'd be applicable in the domain of this insane edge case, but just assuming that price per ounce increases by 16.6x to 31291 per ounce.

we'd see that functionally the minimum wage worker in 1945, at their 23.77 ounces will be making $743787.07 per year, or the minimum wage worker today would be $250328.

Note that some even in 2013, pegged the true market price as double this value as knock off effects in dollar derivative markets would become defunct and gold would become the Forex unit of account.

>> No.15100487

>>15099768
Your mother

>> No.15101255

>>15099774
>By that deffinition silver wouldn't be a financial asset
Yes. Its a physical asset. Silver derivatives could be a financial asset, such as if it were stamped with a government issued financial value.

>> No.15101322

>>15099809
You generally don't, unless you are keeping it in a bank and paying in the form of safety box deposit fees, you only get taxed capital gains taxes when you sell the gold.

>> No.15101333

>>15099768
mutual funds

>> No.15101342

>>15100298
>You literally can't go and cash your gold certificates for actual gold. We tried doing that 7 years ago with 324 million bucks worth of gold
Who is we? What are you referencing? Did you try to just redeem smaller amounts instead of such a large run?

>> No.15101603
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15101603

BANANA

>> No.15102095

>>15099768
>what assets does sci hold?
Big tits and a successful onlyfans business

>> No.15102103
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15102103

>> No.15102104
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15102104

>>15102095
out of curiosity, what level of KYC do you personally have access to on that platform? Does the funds just flow lump sum from the corporation, or can you personally verify from where the funds are arriving from?