/biz/ - Business & Finance

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>>1260912

I'm safe though, guys...right?

R-R-right?

>>1247707

B R U H
R
U
H

>>1223126

>selling your gold right before everything goes to shit

Fiat will die in the next few years. This """recovery""" we've had from the last recession is just life support. Nothing has recovered. Most jobs recouped are just wage-slave bullshit. Nothing was really remedied. The same problems are still there, worse than before.

This means the next recession may well be a depression, and even if gold and silver do drop off before then (which they could), you'd best just hang on to what you have.

For over 100 years we've been paying for today with tomorrows money. Generation after generation after generation. This is an economic potential energy building for decades, and it will be released in an economic kinetic energy with the death of paper money.

Do you think Obama and Yellen have been meeting so often lately because everything is fine and fuckin dandy?

>>1138620

It's not just about manufacturing applications, the fact that there's a limited supply is part of what makes it fundamentally functionally superior over just printing fuckin paper.

>>1123602

Next time will be worse than 01 and 08 combined.

This has been a pseudo-recovery, no more, no less.

The next time will result in a full and complete resetting of our monetary system. It will not be some "print more money and bail out and tell people everything's fine and let some time go by" bullshit like last time.

Over a century of the Fed and about 50 years off of the gold standard will see to it.

Say what you will about Meme Maloney, he's right about this shit.

>>1123599

>bread 30$ a loaf

I wouldn't be surprised. How much do you think gold and silver would be by that time?

I have a few 1/10 oz Gold Eagles and Maple Leafs, and much more silver, a mix of mostly U.S Eagles, Canadian ML's, British Britannias since they were on sale for less than 2$ over spot, and generic silver from the Elemetal mint.

Thinking of only getting generic Elemetal and Republic Metals Corp silver from now on, because it's cheaper over spot but LBMA certified.

>>1033649

When the dollar dies, it will be good to have PM's.

No amount is too low to invest. He can put half the 3k into silver and half in gold, or about 2k into silver and about 1k for an ounce of gold.

Silver would get a higher return anyway.

PM's are tanking right now, so now is when to buy.

>>1025928
>>1026506

I have 7 1 oz silver Canadian Maple Leafs and 3 1 oz rounds from Sunshine Mint.

I was hoping to buy generic mint shit but in the event of the dollar shitting itself I guess I should have Silver Eagles and Maple Leafs, as well as pre 1965 coins and some high ounce bars from private mints approved by the LBMA like Elemetal.

Gold is out of my range too.

>>1016823

I'm only buying silver since I'm a small time buyer.

Our paper money is bullshit and that's not just a meme you hear fat old white people spouting on "WE BUY AND SELL GOLD AND SILVER" ads on TV Land during the Gunsmoke and Bonanza marathons.

So as an inflation hedge and in the event of a dollar collapse gold and silver are good.

Don't bother with numismatics/collector coins and shit like that. Just get generic rounds and bars made by private mints. I buy from Provident metals. I pay by electronic check because it's cheaper than paying by credit card/PayPal. You could buy Government minted, but you'll pay more than you would for generic and they're just as good in this context.

Junk silver, like pre-1965 dimes and quarters, are obviously more easily divisible and therefore better for bartering, but you'll pay a higher premium for them.

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