/biz/ - Business & Finance

>>16196401
Yes. This is why we shill it to /biz/. You CAN make profits from investing in physical PM's but it's hard. Might as well invest in the mining companies if this is what you want.

But if you're looking to retain your buying power from today then PM's are the way to go. Fuck savings accounts that the ((Banks)) offer you.

>>16196488
It’s not hard to make money from PM though. Honestly just buy low sell high. It’s way harder to make money off the stock market. Just look at all the brain dead losers on robin hood losing thousands because they suck at even longing a stock. Me myself, I’m stacking gold and silver bullion and some semi Numismatic coins like pre-2010 slabbed silver pandas to make even more gains in the future.

>>16196401
>muh shiny boomer rocks!
buy it today for the price it was 10 years ago!!! and sell it in 30 years for the price it was 9 years ago!!!

>>16196488
where do I go to make money with the miners/mining companies? what names should I know

>>16196530
I got a humble 80 ounces of silver. Should have 100 by the end of this month :3

>>16196553
Dyor

>>16196553

>>16196488
boring

>mines asteroid
>heh nothing personal kiddo

>>16196573
>>16196577
thanks guys

I bought a bunch of physical silver in 2014 at around $20 per OZ. Now 5 years later it's just gaining its value back. Metals are a faggot meme for idiots

>30 years
Yeah this current financial system won't make it another 10 years let alone 30 years.
When it collapses, gold and silver's purchasing power will go up exponentially.

>>16196647
based and redpilled

>>16196551
glad somebody gets it
jew broke sells it for 56 leva but buys it for 29leva.
awesome 50% spread bros, you just have to wait 10 years to make 5 bucks on your 50 bucks invested because the jew is fucking you in the ass with the spread.

imagine buying a car for 140% the price. and then waiting 20 years for the car to become a classic and barely break even selling it.

>>16196722
>flood the market with paper silver that can’t possibly be redeemed for real silver because there isn’t enough silver to ultimately suppress the price of silver

>>16196750
>muh paper silver
OP confirmed on suicide watch

>>16196768
You’re a retard mate.

>>16196777
>silver buyers the past 7 years
better keep buying at these prices, it's going to moon any day now!

Even if silver and gold do eventually go up, this shit takes goddamn decades to move. Young people spending their money on this shit are dumb as hell. LOL

>>16196825
It’s a savings account you can hold in your hand and look at. I don’t see why diversifying your portfolio SHOULDNT include PMs. Care to try convincing me?

>>16196401
I sold my silver in 2012 and bought Bitcoin.
5 years later I sold my Bitcoin for fiat.
Now I am a multi-millionaire.

>>16196825
Eh, spend 600$ on silver, it could buy you a home one day.

>>16196880
Good job.

>>16196869
>It’s a savings account you can hold in your hand and look at
That shouldn't matter at all.

>>16196906
Yes it should, if you don't hold your money, then it's not yours.

>>16196401
Silver is hoax, only gold.

>>16196401
ok boomer

>>16196922
We're not cavemen anymore. Do you also refuse to use banks and hold all your cash under your mattress?

>>16196924
Your life is a hoax!

>>16196944
Pretty much you fucking nigger.

>>16196960
It's your choice to not play along with the existing financial system. But as long as that system exists, the only person you're fucking over is yourself.

>>16196777
he is. I agree with your post and your digits.

>>16196984
Hahahaahah I've made more money than I've ever could have dreamed of making by being sceptical of it all. Fuck off jew.

Annnnnd bump to make the jews kvetch some more.

I'm a boomer... won't be alive in 30 years... any other magic rocks that will allow me to retire? No, I'm not buying chinklink.

>>16197240
Yes actually there are some devices that propel rock like projectiles and subsonic speeds, and I heard if you point this device at your face and pull the lever that activates it, that it unlocks a cheat code to be able to retire and meet God.

>>16197240
Serioisly buy some LINK you old prideful piece of shit.

>>16196906
>>16196944
The whole point of savings accounts used to be that you received yearly interest payments on your savings.
With interest rates at near zero, you are literally better off hoarding cash under the mattress.

>>16196647
nice larp.

>>16196629
Go back to plebbit retard. There is absolutely no way with the amount of niggers and Jews in our societies that we’ll ever advance to the point where we have the capabilities to mine asteroids.

Keep dreaming

>>16196401
Commodities are the most uncertain thing to invest into long-time.

I have 1000$ in etoro that I play with and I made 60$ yesterday in 8 trades on gold.

Gold and Oil are great to hold onto for 30 minutes or 1 hour since the price is greatly fluctuating and you can do a 20x leverage. But in the long term it is extremely uncertain.

There are tons of gold and silver deposits around the world that are waiting to get mined but can't because of environmental policies. As soon as someone figures out how to mine it without polluting or as soon as the policies get lifted, price will drop.

Gold and Silver for one, can not rise in price unless manipulated, it can only fall.

Oil could rise in price, but you never know.

>>16196401
>retains its value
no it won't. human population dwindles silver mining exponentially increases in yield shit will make you lose most of your purchasing power.

>>16196650
no it won't extremely impractical to use as money. not even truly rare. we may use some super rare metal in translucent plastic chips perhaps but nobody will lug around pounds of silver on a vacation (or chests of it to buy a car)

>>16196944
Guess what retard - when you deposit your money into a bank, you surrender legal ownership of it and it is legally recognised as an asset of the bank. The bank then uses YOUR MONEY to loan out to other stupid goyim to repay them back with interest, fucking over you and everyone else. In a crisis scenario the chances of them letting you have this money back is zero. Congrats on being a dumb goyim bankslave.

>>16198149
>when you deposit your money into a bank, you surrender legal ownership of it and it is legally recognised as an asset of the bank
that's true but the bank also books a liability towards you at the same time.

>>16198156
So in the event of the bank being insolvent (which all banks are by design due to fractional reserve) they have absolutely no obligation to make good on this liability. Thank you for your sacrifice goy!

The only reason you should buy Silver is because you anticipate general price inflation like the 1970s.

Look to the 2009-2011 bull market for lessons: the general price inflation didn't eventuate and silver and gold were in a bear market for the best part of this decade.

General price inflation is not strictly correlated in time with the act of monetary expansion. The 1970s stagflation only occurred because the Arab countries literally blockaded oil from reaching the USA, which in turn unleashed massive general price inflation.

As we've seen since 2009, monetary expansion just means asset price inflation (housing, equities) and general prices for industrial goods goes down due to a supply chain that originates in Asia and cheap labour from the 3rd world flooding 1st world countries.

>>16198213
the reason to buy silver is because the price is at $15 like it has been for over a century and I can buy 50-100 ounces of silver a week as opposed to 0.5 ounces of silver historically

>>16198183
>they have absolutely no obligation to make good on this liability
no they have an obligation it's just possible they can't because they have too many obligations. that is why your money is insured to a certain amount by some authority organization or state agency.

but yeah it's not your money if the bank holds it and debts sometimes go unpaid. i have no argument there. which is why i find crypto and real estate a much better store of my personal wealth. metals are stupid imo but same principle. i don't believe the demand for metals is anywhere near as durable as real estates.

>>16197956
I'm not taking your chip, kike.

>>16198352
you would take a tantalum chip if tantalum became used as money. it's the rarest elemnt with known rarity a noble metal on it's own right even more indestructible than gold also pretty especially with holographic etching.

if metals will be money again i bet it will be tantalum.

>>16198271

>the reason to buy silver is because the price is at $15 like it has been for over a century

That's objectively false though. See pic relation, inflation adjusted silver price.

>I can buy 50-100 ounces of silver a week as opposed to 0.5 ounces of silver historically

So your disposable income is higher than that in the past? I don't understand your point here.

My point is that silver and gold are speculative assets to hold during times of inflationary pressures. You can jump up and down about MUH OUNCES all you like, but the point of holding such an asset is to gain wealth relative to other assets/currencies.

Gold and Silver fluctuate just the same as Copper or Steel, but the reasons behind them fluctuating is different.

ok boomer

>>16198488
No, I'd do something much different if it came down to that.
It won't though because your beloved system is ready to fall apart.

>>16198836
Oh shit its about to moon to 300

>>16199012
if the system falls apart brass and lead will be the only currency worth a damn.

>>16199567
Nah don't forget aluminum and copper.

>>16198488
Tantalum is 27 times more abundant than silver in the earths crust. Fucking disinfo agent.

>>16199662
https://www.goldrushnuggets.com/7methareevra.html
that would be weird... it's the rarest of all elements in the universe that is stable and the rarest stable metal on earth.

>>16199723
but you can always use irridium or tellurium or even rhenium
there are many many metals that are actually rare.

>my investment will pay off when there's an economic holocaust yes that's a totally rational strategy

>>16199567
the system is already falling apart
every fiat currency inevitably goes to it's intrinsic value of 0
get over it

>>16199798
>fiat currencies have no collapsed, they were created by God and have lasted thousands of years

>>16199723
Australia alone has 78,000 metric tones of tantalum reserves yet the total world gold reserves are less than 60,000 metric tones. Tantalum isn’t rare.

>>16200693
planet earth is a fucking treasure trove0 for any aylmaos

>>16200710
Not really, zero useful metals like californium, nihonium, francium, and muscovium (element 115).

>>16200732
Those aren't useful, except as radiation sources.

>>16197956
>gold hits 10,000
>3 gold coins buy a car

>>16196960
What the hell is going on in this gif

>>16201341
YOU KNOW WHAT IT IS!!!