/biz/ - Business & Finance

>>30312473
>50kg isnt that much... literally like 1 btc.. I hope someone who mined btc in early days would spend atleast one btc on physical silver.

I honestly don't give a shit, silver will 100x easily, cryptos will carry on for a bit... but what happens to faith in them when the faith in the USD is destroyed? All cryptos are simply based on faith and hype.

In my opinion people will reject the faith/hype based currencies and go for something real with intrinsic value, historic precident, cant be printed out of thin air like fiat, etc.

More silver has been bought last month than the previous 20 februaries combined... theres record breaking demand.

Thus silver.

>>30120527
>this is just another "economic downturn"

youre living in a dreamworld

>>30106146
more silver has been bought in the last month than all the previous 20 februaries combined.

The normies are waking up to the printer going brrrr.

>>30032784
yeah but more has been bought in the last month, than all of last year combined. How can they keep that up? They can't just keep prices low while the demand surges.

>>29923886
100k isn't much at all, IT's easy to store up to 20k in silver without a safe, and places like PSLV will store it for you, and ship it to your front door should you want to withdraw your bullion from their vaults.

>>29890659
yeah but....

Obligatory copypasta

With the current mayhem occurring in the bond market, it's important to remind anons about the following:

Decades ago, the money changers realized that national debt levels and the levels of money printing they were engaging in were unsustainable with any kind of reasonable bond yield levels the market could sustain. The interest on 1 trillion debt at 17 or 18% interest as occurred in the 1980s would be absolutely impossible to sustain at current debt levels of 28 trillion but with 30 year bond yields at 2%, they can kick the can down the road for a few more years.

To keep bond yields low, the money changers also needed to trick the markets into thinking inflation is LOWER than the bond yields they require as nobody would buy 2% yielding bonds if inflation was obviously 5%.

The learned that they could drag the entire commodities market lower by controlling the price of precious metals, the price of wheat for example was dragged into a brutal bear market for the last 10 years at the same time as the gold bear market.

They also learned that the silver market was much smaller than the gold market, no nations used it for monetary purposes, and very few had strategic stockpiles of the metal. By suppressing and controlling the tiny 20 billion dollar silver market with 5 TRILLION dollars of notional derivatives trading, they could force gold down which is always tied in a ratio range with silver. If you'll notice, when the gold and silver ratio are at the highest peaks, the price of the metals are near their lowest troughs.

By controlling silver, they could force gold to act in turn which is used as an inflation signal for the broader commodities market and supported the continuation of artificially low bond yields and an impossibly high level of national debt.

Tl;dr As the silver suppression ponzi scheme unravels, so too will gold and all other commodities, bond yields will spike, taking down the financial system.