/biz/ - Business & Finance

>>15150890
Should I buy some bullion with BTC? I came close last night to buying 6kg of silver

>>15150890
you stupid nigger

>>15150905
no, silver has a low stock to flow ratio. That it ever became the #2 bullion to gold is a joke.

>>15150905
you think silver is going to outperform bitcoin? wow.

>>15150905
The only reason I'd do this is to cash out under the table.

>>15150905
Yes but don't dump into just kilogram bars. buy weighted bars but also buy some coins, they sell back at a premium, especially liberty eagles.
>>15150930
>no, silver has a low stock to flow ration
turn your brain on before posting retard.

>>15150940


bitcoin = beanie baby hype

there are many alt coins which do the function of disintermediated transfer. bitcoin™ has no other function than simple branding... like pokemon, or beanie babies

>>15150930
Kys
>>15150940
I’m a btc maxi but it’s nice to have physical value and to be able to resell under the table like >>15151035 I was going to spend 10% of my btc holdings on silver

>>15151059
Thought about this but the spread on coins is retarded, 1kg of ASE is $626 whereas 1kg bar is $570. I was under the impression it was hard to resell silver above spot

>>15151161
AHAHAHAHAHAHAHAHAHAHAHAHA

>>15150905

I've bought a few kilos of silver and at least 6oz of gold. Majority is still in BTC though.

>>15151161
Everyone knows that, but that doesn't mean BTC won't outperform Gold and Silver. Ride BTC train to $100k then switch to metals.

>>15151220
Yes this is my plan. I was only going to sell .25-.5 BTC. What site do you use if you’re American? Also I think it’s hilarious that 1btc is worth about 20,000 grams of silver.

>>15151169
>I was under the impression it was hard to resell silver above spot
you're going to take a small hit when reselling anywhere unless you're selling to a private seller and if you're selling a large amount.
Silver coins can be sold back at a premium while silver bars not so much (unless they're vintage)

>>15151251
I'm willing to take that hit if it means the IRS can't see it.

>>15151221
how can you be so sure ? obviously BTC is going to perform well as the dollar deflates and we head into this recession, but it's still too volatile to have that much trust.

By all means, hold BTC. but you should think critically about just how much you want to be holding when SHTF. BTC has not been truly put to the test yet.

>>15151251
Will keep this in mind. Thank you.

>>15151059
What I said is factually true. It's S/F is 1/3 of gold's yet dumb fucks like you expect it to go up just as much as gold.

If anyones looking into gold. They may also look into GDX the gold miner etf.
It's a more leveraged position

>>15151303
we don't expect it to go up as much as gold, we expect it to outperform gold. The gold to silver ratio is currently out of whack and once it corrects itself (like it's done in the past) we'll see the price of silver go up to where it will be 15:1 to gold.

>>15150890
I shouldnt laugh at retarded people but I cant help myself.

>>15151242

I think for an American https://goldsilver.com/ would be fine. You can pay there by using BTC as well.

>>15151303
please explain stock to flow ratio and what it implies

>>15150940
No question.

>>15150890
hahahaha. only white trash retards still buy precious metals. enjoy your chinese electroplated tungsten while it gets dumped with unlimited ammo in the futures market you fox news watching sister fucking white trash retard

>>15151820
Sounds like someone is mad they didn't buy months ago like we warned

>>15150890
This will happen but it won't be as great as you think it is. The price will go up to $15k not because it's so much more valuable, but simply because USD becomes Zimbabwe tier inflated.

>>15151820
some of those stupid old boomers who've been around to see this happen and make money off silver are doing pretty well. nobody is asking you to take our word or their word for it, just do the research for yourself.

huh. never knew biz was retarded..

electroplated tungsten? is that why chemtubers melt this stuff and repurpose?

damnnnnn biz retarded wtf

>>15150890
Predicted that gold would moon this summer, nice to see silver doing good as well, boomers are hurting as stocks drop like a rock today

>>15151274
>BTC is going to perform well as the dollar deflates

>>15152213
I thought boomers are the one owning and holding the shiny rocks?

/BIZ/ is srly mental.

Dang did the bull run start unironically, we're going to make it Bros.

>>15150905
If you're looking to speculate and make a fair amount of capital gains while having something of a hedge against fiat currencies, then silver is what you want to buy. It's still quite cheap relative to gold but the price has gone up quite a bit on a percentage basis over the past week or two. But if you're looking to hedge a large cash position and could do with less volatility, you should buy gold although, again, the price has jumped quite a bit over the weeks.

I don't know if this is the best time to buy gold and silver as the rapid increase could mean that we get some sort of pullback or the central banks coordinate efforts, calm markets, and reduce the panic into precious metals and government bonds.

>>15150930
In many languages, silver is a synonym for money. L'argent in French, for example. The British pound, sometimes called sterling, was originally based on one troy pound of sterling silver.

>>15152057
>USD becomes Zimbabwe tier inflated
And guess what the rest of the world is gonna switch to when this happens

>>15152687
We testing the highs again.

>>15151751

Anon is referring to the amount of all the silver that is mined divided by the silver that comes out of the ground every year.

This is the case for why gold will always be the standard for a store of wealth.

However Anon forgets that the majority of stock in Silver is being hoarded by The Peoples Bank of China. Which is why Silver rallied 2% at the open of the Hong Kong Exchange.

>>15151161
LMAO