/biz/ - Business & Finance

>>15562478
Gold. If a crash comes, there will be pressure for both to go up, but with silver that will be offset by a reduced industrial demand.

>>15562478
Silver now and convert to gold when the ratio corrects

>>15562478
Both. For the average man a good stack of silver would serve best for purchases of food, basic housing, a few bitches, etc. Gold on the other hand is so much for valuable in such small quantities it would only serve for purposes of very large purchases like a whole fucking plantation stocked with slaves, a harem, a slave harem, etc. I myself would choose large quantities of silver most people are visual and not educated on silver vs gold and would not sell large quantum’s of stuff with a little oz of gold just because it’s so small.

>>15562599

This is what a delusional power fantasy looks like

>>15562638
>You can’t even tell a banter/larp on biz
This is what autism looks like

>>15562800


Tell me more about your beach condo and hand maidens because you had 10oz of gold when the global Jewish Ponzi scheme collapses and the niggers start rioting because the KFC was burned down

>>15562854
>implying that's a bad thing

>>15562854
kek

>>15562478
They are great shorts

Short these boomer rocks and buy some stocks nerd

Do any of the goldbugs bother to pull up an actual historical chart and see that Commodities perform terribly in economic downturn?

>>15562478

See the following chart. Unfortunately, it doesn't cover earlier points in history but only because gold standard so it's not very helpful in a fiat based world.

Silver performs the way it does though because of high industrial usage so a lot of its demand falls. But it still performs better than stocks does during a downturn, but unfortunately, not as good as gold.

In a monetary crisis or collapse, I think both will do well after an initial chaos period.

>>15563521
I think the second line (Nov 80 - Aug 82) is a unique situation. Some of that was a recoil from the Hunt Brothers trying to corner the market, which came to an end on "Silver Thursday", March 27 1980.

But even after that, there were aftershocks in the silver market as a result of both the futures market being wiped out and as a result of their holdings hitting the market again. (Remember: at one point the Hunts owned 1/3 of the entire world supply of silver)

>>15563521
this chart is completely asinine
Gold had a 36% drop in the 2008 recession and silver went -50%. If you can pick and choose the bottom youre better off buying stocks like dollar general

>>15563635
Silver is impulsing up so there is a profit to be made in the short term.

>>15562478
Bitcoin

>>15563666
silver hasnt done anything for literally 100 years, why does this random pump make you so confident?

>>15563635
Gold went from 968 in March 2008 to 730 in October 2008, a 24% decrease.

But right after that, it went up to 1800 in august 2011 (largely as a result of QE).

So even if you had bought the day before the drop in september/october 2008, you still would have been up 88% by its high in August 2011

>>15563698
A twenty something dollar silver is in the cards so I'm looking to make a profit off of that, that's about it. I don't have time to really get into why but just wait and see.

>>15563601

True but the broader economy as a whole went into recession during that period and it is tracking that.

>>15563635

Well, okay, but do note that these dates aren't picked by random, the chart tracks the period of time when stocks kept going down during recession periods until it hit the bottom and then looks to see what returns you get when you have held precious metals during that period. It's not perfect, but it's good enough in my opinion to give you an overall look.

Do I wish there was a seperate chart seeing how much gold and silver performed during a period surrounding the recessionary period? Yes but I have not been able to find it.

>>15563839
Here's a 100 year gold chart:

https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

And a 100 year Silver chart:
https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart

Both also show recessions. Make sure to turn off the "inflation adjusted" and "log scale" options

>>15563864

Oh nice, thanks. Saved for future reference. I don't see any obvious trends here unfortunately except that it does seem like the case silver trails behind gold in recessionary period pricing but you will make good money holding either as they rise during those periods.

nickle

>>15563880
I really don't see either as a way of making profit via trade, because buying and selling either is kind of a pain in the ass, and because the gains you make aren't going to come close to what you would make with a few intelligent stock trades.

Instead, I consider it more of a "just in case" thing, like homeowners insurance and a gun in the house.

But... I certainly can see it as a store of wealth; one which is guaranteed to never to go zero (no matter how low it might go). And if you buy your silver/gold as coins (US Eagles being the best), you also have the advantage of numismatic gains.

>>15563925

I mean you don't have to sell at the absolute top, but if you hoarded and sold like this guy did in terms of melt value, you would at least make a fair chunk of cash. Of course, you shouldn't sell it to a pawn shop, especially that pawn shop, but eh, it's still pretty good.

https://www.youtube.com/watch?v=Vdw5Dvb-XBk

>>15563382
>What is a gold standard?

>>15564009
I won't say you're wrong. And if you buy a steady amount over time, you have the advantage of dollar cost averaging, which will probably work out in the long run too.

I've been a way from silver for a while (all I have now are some collector coins), but I'm back to paying attention to it now.

If silver drops below 10 (which I think it will), I'll buy a 500oz monster box. If we were ever to see it drop below $4 (not likely but we can't rule it out), I'd buy 5000 oz and never worry for a moment about holding it for 30 years

>>15564038
I think it's what the Roman legions used. In the shape of an Eagle.

why is gold worth more than silver when silver has more industrial demand? gold is just used for jewelry right?

>>15562854
That last part has already happened

>>15564154
Gold is also used in electronics.

>>15564154
MOre rare and more conductive and more well known and aesthetic

>>15564084
What kind of baller is buying a monster box of gold coins?

>>15562498
>but with silver that will be offset by a reduced industrial demand
why reduced demand?

>>15565072
cause theres a recession dummy

>the gold ponzi is more valuable than the silver ponzi
imagine arguing which scam is more valuable

>>15562478
Yes

>gee I wonder which useless shiny rock is better when everything is crashing

>>15562498

Well, check 2009 - 2013 faggot before you spread bullshit

>>15563635

>this time it is different
>stagflation
>stimulus
>QE

>>15562599
Checked and retarded

>>15565174
>>15565211
>gee i wonder why every fucking central bank on the planet is stacking gold and silver
fuck off link pajeets

on ops question: if we see a big collapse, gold will dip a little, while silver will crash because of decreased industrial demand.

its important what happens afterwards: if the market goes back to "normal", the silver price rises again back to "normal", if it keeps crashing, silver will most likely be used as a form of barter and rise again in value. also, remember that silver production is dependant on copper production, so if the market crashes, the supply of silver dries up rather quickly, increasing its price.
the reason i am buying silver, is because, yes while its more speculative, its price isnt heavily inflated like gold and its supply will become heavily limited if shit really hits the fan.

>>15565286
>fuck off link pajeets
excuse me sirs, we are a very proud race. You should be grateful for we are the only one investing in your shitcoin

>>15565296
sir, i dont own any shitcoins

>>15565081
but with recession people will buy silver and gold to preserve their power...so it will go up...the only contrarian argument are ''there will be no recession'' and ''silver is abbundante on eart''

>>15562478
>is gold or silver better for an economic crash?
Y E S

>>15565444
>>15565488
checked
people who call gold and silver "shiny rocks" have no understanding of how currencies work

contrarian argument are ''there will be no recession'' and ''silver is abbundante on eart''?

Question : if my house burns down will my silver and gold coins that are hidden in the floor be OK? What's the melting point of silver and gold relative to the temperature of an average house fire?

>>15562478
You buy when Gold is extremely undervalued in comparison to stocks, which isn't the case right now. You buy silver when silver is undervalued in comparison to gold during a gold bullrun, silver is similar to altcoins, dumps harder and pumps harder.

>>15566280

Should be fine especially hidden in a floor. The average house fire is around 600 Celcius. Gold and silver melt around 1000 Celcius.

Even if they melt you can still sell at scrap value.

>>15566311
Except the dollar value of gold and silver is irrelvant post dollar collapse. You dont buy silver og gold to have it 5x-10x in dollar value to sell it for increasingly worthless fiat.

Buying gold and silver has nothing to do with fiat gains, if buying gold and silver was about making fiat gains in the current fiat paradigm, i'd sooner put my money into REQ and hope for a 10x in value.

>You buy silver when silver is undervalued in comparison to gold during a gold bullrun

gold is really undervalued right now but silver is the most undervalued asset on planet earth. The historical silver to gold ratio is like 15 to 1 because that is the ratio it comes out of the earths crust. Right now that ratio is like 80-1. You want some gold of course beause its gold but your metal portfolio should be roughly 70% silver 30% gold. Wait for the ratio to narrow then exchange silver for gold.

>>15562581
I would do this, but the problem is that so many would as well so it aint gonna happen.

>>15566385
>Except the dollar value
I never look at the dollar, I look at the dow gold ratio first. Then the gold silver ratio.

>>15566408
Yes....should be 4 to 1 dow to gold. But still...the end game with gold and silver isnt to balance out your fiat wealth, even though it does WHILE still in the fiat paradigm. Where you "make it" with gold and silver is when the dollar collapses and 100 ounces of silver buys you a nice home.

Imagine screamin' at recession every year....every year no recession never comes
ahaha

>>15566555
The fact that a recession hasnt been coming and hasnt come for so long is the scariest shit ever. Recessions are a GOOD thing. Under a free market system with no central bank and a gold standard in the 19th century we had tons of recessions but they only lasted 6 months to 18 months. So shit overheated and then the recession brought things back into balance followed by more growth.

Today not having recessions means its bein propped up, and when this one blows you are going to have a catatrostrophe so bad that it will be common to see niggers raping housewives in the streets because things will be so chaotic.

Gold is better during the crash, silver greater gains afterwards.

Its important to note that gold/silver prices are paper prices and can crash just as hard as stocks during a meltdown, traders will dump everything including their gold/silver positions; paper silver could easily go to $10 but physical eagles/maples/etc. could still be $18 at the shops.

>>15563698
The 100 years since a certain (((group))) took over ALL fiat issuance - a scam which relies on the suppression of PM prices to continue.

>>15566607
>we had tons of recessions but they only lasted 6 months to 18 months
That is wrong, who said that?
https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States

Just for clarity - on an asset which has been manipulated by banking cartels for at least 100 years (likely more - the Rothschild 'fix' in London lasted for 200 years I believe) any sort of charting or TA on price movements is irrelevant.

In a rigged market past PM prices are almost arbitrary. Smart investors (like Russia, China etc. and some smart individuals) are buying in the knowledge that the Western fiat system must reset. Then the price correction - as PMs return to their rightful place in the system - will be stratospheric.

Also - if you want crypto - consider holding Safex Token, if only to buy tax free PMs anonymously.

There's a reason Balkaneum is based outside of the jurisdiction of the SEC and that Facebook hurried to publicly name 'Libra' and 'Calibra'.

Beware, SAFEX is a scam.
If you hold SAFEX migrate as soon as possible and dump as soon is listed on a real exchange.
Xcalibra is an exchange on the BVI and only liable for 500$ as it says on its terms and conditions, so be careful with this coin, is going nowhere. The community just want an exchange to dump.

>>15567018

Here's Kines the founder of Balkaneum

https://medium.com/decentralized-commerce/kines-xcalibra-balkaneum-a3a79666cbf0

Working within LIBRA making an exchange called XCalibra for the Logothetis shipping dynasty.

Yep just a scam to get a few hundred bucks here and there.....

>>15567084
I don't trust a Serbian exchange, run by a lawyer who open satellite companies in the BVI and UK to accept fiat money, that is out of the jurisdiction of the SEC and that it's base cryptocurrency is a security that will be used for darknet exchanges.
And I forgot, the limited company in the UK has only one share worth 1GBP and the one in the BVI 1$
https://beta.companieshouse.gov.uk/company/12170311

>>15566864
>https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States


are you retarded? I just went through the 19th century and most of them were in the 1-2 year range...a couple a little less and a couple slightly more.

>>15566864
I dont even think you went through the list. The list proves exactly what I said...tons of recessions and most lasted about a 6-18 months.

>>15567214
Maybe just put your money in an American bank and get a nice safe 0.5% interest. Or buy some silver rounds OTC for cash?

>>15567344
have sexx

>>15567344
Nexo offer 8% interest on USDT

>>15566666

>>15562638
Imagine thinking civilization isn't always one good crash away from slavery and savagery. It's a more fragile house of cards than you could possibly imagine.

These future doctors and lawyers will outnumber you in 20 years.
Sleep tight

>>15567358
>Nexo
looking into this, sounds like a way better bank, but worried about using a bank based in the uk

>>15564084
> Silver drops below 10
That's delusional bro

>>15567279
>>15567288
Yeah, nearly a third of the 19th century is full of recessions and many are longer than recessions in the 20th century. I don't think you're presenting a better alternative if this is your core argument.

>>15567571
Ugh...the prosperity of the 20th century was made possible by the free market capitalism of the 10th century. What would you prefer? Actual real free market growth if the 19th century with tons of BENEFICIAL recessions to correct the market, that leads to more sustainable growth.

Or would you rather have what we have now? 12 years with no recession that is propped up from having a recession because of an illegal central bank manipulating interest rates, then when the bottom finally falls out we have a fucking disaster.

I dont understand how you can not see that in a free market a recession is good. economy gets out of balance in a free market, then the recession (which is healthy) reigns it it. Thats just a natural ying yang that is needed. Recessions need to be embraced.

When we hit the next recession it will probably be worse than the great depression....but that is still a good thing. Its like doping up a dude on heroin...and then giving him more heroin to keep him from dealing with the bad withdrawal symptoms, when those withdrawl symptoms are exactly what he needs to get healthy. In a free market those withdrawal symptoms arent that bad. and the economy is easily corrected. Kind of like if you started dipping chewing tobacco and after 2 weeks you stop....well it will be easy to stop if youve only been getting out of balance for 2 weeks, but if youve been dipping for 8 years its going to be much harder.

>>15567674
I'm not an economist and don't subscribe to any school of thought, the possibility of apocalyptic scenarios is always there. But the saying is that the market can remain irrational longer than you can remain solvent. And Fiat worked for nearly half a century and it will probably work for another half a century, and I don't think gold will deliver the kind of velocity that fiat brings to the table, so there is no competitive advantage for gold in the short term.

Decreased industrial demand overall will actually decrease the supply of silver, keeping its price static or elevating it. Most silver today is produced as a byproduct of base metal mining, primarily copper.

>>15566407
how many people do you think even own any gold or silver? shits like less than .5% of the investments now

>>15566607
when people screaming at recession jew don't let it happen

>>15566607
>shit overheated and then the recession brought things back into balance followed by more growth

wht recessions are always followed by more growth? what is the mechanism behind?

>>15567816
>And Fiat worked for nearly half a century
Define "worked". If it worked then why have all economic indicators been on a downwards trend since everyone abandoned the gold standard? 50 years really isn't that long in the grand scheme of things.

>>15566607
Niggers are already raping housewives in the streets.

>>15562478
Neither. They're good for when it starts recovering, but for the crash you need supplies, weapons, and ammo, as well as something mobile like a yatch or RV.

Copper is the best dude. Everybody is in on gold and silver already. Gotta get into copper to be early bro.

>>15568159
Copper is solid in a similar scenario. If society were to colapse permanently, then copper and aluminium are the metals you want to hoard.

>>15568159
>>15568192
Good luck storing them without them corroding.

>>15568192
I disagree for a few reasons...

1. If society were to collapse permanently, there wouldn't be a high tech industry. There probably wouldn't even be electricity. The demand for copper would be minimal, unless the copper were already in the form of wire

2. The volume to value ratio is all off. You can travel carrying a small stack of silver or gold, and that stack would still have value. But you can't travel dragging a ton of copper.

>>15568278
The copper is not to sell it or to provide a product; that is over. Owning valuable stuff doesn't matter in a society that isn't stable, because they'd just kill you and take it.

why do I feel all it would take right now is a sort of black swan event?

also I feel there might be a "rebellion against consumerism" building due to people constantly being bombarded with new stuff to buy and little income. also social interactions are getting worse counterintuitively to what social networks would have you believe.

>>15567816
Under a gold standard you have sustainable growth. Under a fiat system we have unsustainable growth. Sure we probably grew a good decent more in the last 40 years under a fiat system but when it implodes it will be a disaster. Under a gold standard we wouldn't have been able to put leverage ourselves

>>15568157
Well you won't be able to get them post collapse to utilize in the recovery if you don't have any beforehand. Supplies and shit are obviously a good thing to have but you'd be a retard to go throw 100% of your net worth in canned goods and ammo. And then the reset is just a debt jubilee with no mad max.

Kek there is still people holding safex scam scum?
I remember when McAfee pumped this Shitcoin, and all exchanges delisted, since then some guy Joe who do witchcraft coursed safex forever with the help of samael by using a quija board,
Hope livecoin and coindeal the last remaining exchanges delist it.
I will make sure coinmarketcap will never list xcalibra scam, and I will report it to the sec and Serbian authorities for money laundering

>>15568581

seething...

>>15568521
I like the option to have gold, I don't think I want it as a currency. I personally profit when my currency depreciates, there are great opportunities in instability and asymmetry, and they're the great drivers of today's inequality, where you can get richer without labor.