/biz/ - Business & Finance

>>16747320
That’s longer term. 2020 is the year of BitCoin

>>16747320
According to Patrick

>>16747320
>silver price goes up
>miner stocks moon
>silver production increases
>silver price goes back down
Imagine buying rocks

>muh shiny rocks

>>16747385
>He thinks that the price of silver is determined by supply and demand

Silver is currently extremely under valued right now. It's a scarce commodity determined by the abundant supply of the paper derivative.

Silver was $50 in 1979. If you use the official inflation numbers to convert that price into today's dollars that's about $170. Meanwhile silver is at $18 today. There will eventually be a correction to fair value. Flows from mining will eventually come into play but not for a while.

>>16747385
yup shit is fucked silver can't moon maybe it can go to $30 if you are lucky. but what's that a 100% over a decade? btc does that every month basically in a bull.

>>16747575
>Silver was $50 in 1979
i'm gonna need some sauce for that.

>>16747612
It seems like it depends on the data.

https://www.tradingview.com/symbols/COMEX-SI1!/

Shows the price going into the low $40s

>>16747602
But the same logic can be used for BTC

>Price goes up
>Whale dumps large stack
>price goes down

2020 is year of the STIFF

>>16747683
new btc supply is extremely inflexible
that's the key difference

Brainlet here, how exactly do you “buy” gold / silver?

>>16747743
Check out the pm general

>>16747743
my experience is the following
you are going to a dealer (after ordering online) and pay with cash or card your kyc information is recorded unless you buy trivial amounts and forwarded to the tax authority then you are paying the spot value you are paying the premium that changes based on the form and shape the metal is in then pay the markup of the merchant and finally you pay value added tax. after you paid out of your ass you realize that if you wanted to immediately sell your metal it would be with a -20% to -50% ""gain"" you also realize after a few years of holding that these are the heaviest bags on earth as the market is slow as fuck and your loss will never be covered but even if you nominally get into green after a couple of years real inflation adjusted it will still suck for a long while. and then you get to the alternative cost. if you invested in the stock market for that decade you would have gained about 50 times as much as you finally got out of your metal if you bought the bottom and sold a top that is.

that's the tldr

>>16747662
looks like a giant cup and handle

>>16747801
oh no i forgot you also pay taxes on your gains even if they are only nominal and not real gains on inflation. shit... next time i will try not to forget this.

>>16747810
>pay taxes on your gains

What? how so?

>>16747843
it's a system that was put in place to make sure everybody makes money risklessly only you lose money and take risk exposing yourself to a speculative market.

>>16747918
You were referring to gains on sale of stock and not precious metals correct?

>>16747918
Nvm I looked it up, yes gains on the sale of PM are taxable. fucking bullshit

>>16747918
>>16747953

So maybe liquidate at a local coin shop for cash if possible? If the amount/weight is smaller. obviously if you own a 10 oz gold bar this would not be a good route of action

>>16747966
yeah but on smaller coins more premium. fucking bullshit.

>>16748021
why even try making money at this point when they pull you back down anyway

>>16747804

>silver
>chad

>>16747320
no
Holding a boomer metal shilled n 70's is retarded
It gonna moon only if Trump says ''We are going to return to the gold standard''
In case of recessions it goes down (see 2008)
Your money is basically trapped in a non productive assett
and this only because you didn't wanna ''fall'' for the ''muh golden bull run meme... crypto tards...crypto is retarded''

Happy 20 years waiting for a x 3

Yes.

>>16748099
now metals in my opinion are not investment at all. it's insurance against a very specific habbening: sudden devaluation of currency tied with a housing and stock market and derivative market collapse.
qe makes this an awful gamble as it has a real chance of working.
still as all insurance holding metals will cost you. cost you in premium tax costs and opportunity cost.
if anyone ever looks at metals as investment call him a retard to his face!

>>16748325
>qe makes this an awful gamble as it has a real chance of working.

QE working?

We had like 8 years of QE and when the Fed tried to reverse it the market pooped it's pants. They could not normalize interest rates, they failed. Economic growth has been lackluster this past decade. QE has failed. They have painted themselves into a corner and all they can do is more QE.

>>16748395
working as in stocks outperforming metals easily. not working as in cleaning up the systemic damage.

Silver and gold are the original shitcoins. And gold bugs are mostly just huge assholes for whom the purchasing of gold has nothing to do with "being prepared for the apocalypse" but rather being mentally fortified to say their I-told-you-sos in the case of such. Like a thousand dollar license to be a douchenozzle for the sixty seconds they'll keep it in an actual apocalypse scenario.

>>16748449
poorfag

>>16748414
The smart move it to play stocks while accumulating metals while they're cheap for the ultimate demise of the system.