/biz/ - Business & Finance

>>17376942
Silver has also lost its half its value roughly every 8-10 years by staying relatively the same value while inflation supposedly eats away at the dollar's purchasing power.

>>17376942
People are still pulling that junk outta the ground. You can keep it

>>17376974
>calls money junk

Ok crypto fag

>>17376970
Inflation does eat away at the dollars purchasing power 2% a year according to the fed which is much higher. Idk what fucking your chart you’re looking at but silver halving in price every 8 years is bullshit you fucking tard. Gold and silver once again proved their worth as safe havens AGAIN today each rising more than shitcoin which stayed at $9,600 and barley moved. No central bank is buying “crypto” and they never will. Fag.

>>17377037
ur gay

imagine looking at the last 10 of the gold/silver ratio and thinking that silver is a better investment than gold

>>17377212
how do you know?

>>17377037
>no central bank is buying crypto
You are poorly researched, boomer. Also, please tell me you're stacking more than just junk silver and generic rounds.

>>17376942
What coins should I buy? I mostly have kookaburras and pandas.

>>17377293
kruggerands

>>17377293
Based kookaburra bro

>>17376942

>overpriced stocks

not true except for some cream of the crop large caps and hype trains

>overpriced real estate

not true except for hot markets like SF, LA, NYC, Austin, etc. remember real estate is still a local market in this sense

>losing 50% of wealth every 8-10 years

gross exaggeration

rest of your description passes the fact checker

>>17377248
Really show me a source of central banks buying crypto. They’re buying billions of dollars, hundreds of billions of dollars in gold. China Russia turkey India specifically. I’m stacking real money whether it’s junk generic or government coins they all have the same metals douchebag.
>>17377293
I would buy whatever silver you can get as closest to spot as possible. >>17377424
Low interest rates are causing housing bubbles all across the nation not just in big cities couple this with trillions in printed fiat and our dollars are buying less and less each year. Meanwhile silver and gold go up in value every year.

>>17376942
I hold both crypto and silver and crypto has performed way better. Fuck out of here retarded metalfag, still annoyed that I was memed into silver at $14 bucks.

>>17378417
>being mad that you bought the bottom

>>17378470
Could bought more and made more in crypto, but I'm stuck with some shiny boomer rocks. Memed by those recession doomers.

>>17376942
>tfw only started buying in 2020 on a 5 oz per month budget and barely got in on time and am currently a 10 oz stacklet

Roooooo I need time to accumulate FUCK

>>17377037
> Acknowledges inflations effect on the dollar
> Doesn't understand the relationship this carries over to silver
Fucking brainlets.

>>17376942
no. i dont trust you nor your coins.

i trust the most secure, most decentralized ledger of value on planet earth.

Bitcoin.

>>17378691
if you're trying to buy for a SHTF situation (and think it'll actually happen) you should just be buying pounds of circulated 90% silver coins

stacking is a long term hold

>>17377226
Yeah I never understood this big push for silver for a market crash when you can just go back to 2008-2012 on the charts and see how much gold gained compared to silver...

>>17376970
>>17376974
>>17377212
>>17377226
>>17378527
Good god you (((guys))) are getting nervous im so exited to sling the rope around your necks

>>17378417
You sound hurt. Don’t worry keep your crypto can’t wait to see all you faggots homeless and on the street.
>>17378713
Inflation makes silver more valueable on the price of silver you pathetic zoomer wtf Jesus Christ you’re retarded
>>17378887
It’s not my money, it’s gods money, I just happen to recognize it’s value as such for 3,000 years. Just in case you fiat math fags forget silver and gold are actual elements. Metals with properties inherent to them besides their use as a medium of exchange. Something you socialist raised zoomers don’t seem to understand. Despite all your crying and moaning nothing you will ever say or do will reverse this. So keep buying your complete and utterly useless pyramid scheme.

>>17378957
Their lack of intelligence is very very sad. Our education system is fucked we must abolish the department of education ASAP.

>>17378984
I think that the public debt will rise at a steeper level, and the government debt will be exponentially worse. Btw, the US debt is probably already looking at several hundred trillion short term, potentially quadrillions, who honestly fucking knows anymore, they lie about everything, to get the truth you have to just assume that everything is 10x worse than what they say.

>>17377226
Because you buy low and sell high you dingus.

>>17376942
>be me
>wake up hungry
>put on my MC Hammer pants because they are the only things that will allow me to fit my 5oz silver coins in my pocket
>tighten two belts around my waist and a pair of suspenders over my shoulders to keep them from collapsing under the wait of my sound money
>jingle-step my way to the local diner to buy pancakes and eggs
>receive as change five hundred pounds of copper pennies
>forgot to bring my wheelbarrow
>leave it all as a tip

Ah the wonderful future world of the gold standard

>>17379475
nigga what eggs cost that much

>>17378973
>You sound hurt. Don’t worry keep your crypto can’t wait to see all you faggots homeless and on the street.
Mainly cause of the silver however I don't relaly hate silver, just annoyed. Doomers are absolutely retarded though. Oh and the crypto I bought was litecoin at 30 bucks thanks to charlie lee calling it.

>>17379475
How much do you think food cost when silver dollars were circulating you brainlet?

>>17379475
Nobody ever carried around physical silver to buy goods they used silver certificates you absolute mentally retarded mouth breathing zoomer basement dwelling incel

>>17379682
Why didn't they make like silver dimes or something for smaller purchases?

>>17379682
ridiculous
my belt satchels are filled to the brim precious metal coins
how else will i pay scoundrels and the poor

>>17378365

>Low interest rates are causing housing bubbles all across the nation not just in big cities

this is just not true

>>17379475
honestly that'd be shitposting IRL
i'd totally wear MC Hammer pants and carry my copper ingots like a chad
u just gay nigga

>>17379777
That's literally one of the reasons why housing prices are through the roof.

>>17379721
They did. Roosevelt and mercury dimes pre 1964.
>>17379745
Based I love holding my silver. >>17379777
Yes it is homes all across the country are overvalued, relative to the local economy.

>>17379537
>>17379676
>>17379682
>>17380082
Seething. Get fucked cryptocucks.

>>17380102

housing prices are through the roof in hot cities like SF, LA, Austin, NYC like I said real estate is still a local market; in fact, there have been several articles on milennials/new graduates moving into secondary cities cause it's more affordable and still decent city life. Eventually this will also push the prices up in those cities (Austin is a great example of one where it's already happened) but that wouldn't be a price increase you can attribute to low interest rates unless you REALLY wanted to stretch.

Yes I understand the general logic of low Fed rates --> low mortgage rates --> higher demand --> higher prices but that doesn't mean that just because interest rates are super low right now that real estate is in a bubble nationwide. You have to do more than just read the textbook you have to look at what's really going on.

the reality is new home buyers have not been responding to low interest rates (refinancings are a completely different story, existing homeowners taking advantage like crazy). This is part of the reason why they HAVE gone so low, the Fed goes "damn why aren't people buying houses/investing with these low rates? Maybe if we make them EVEN lower" until we are close to zero....

so why are young people and new home buyers not responding? Well the jury is still out on that; some theories are they want to live in big cities only, or they can't afford due to student debt.

again, i understand the relationship between low rates and housing demand, I am just trying to say in real life it is never so straightforward

>>17380109
>>17380109

overvalued does not mean bubble

and you are making an assumption just because prices have gone through the roof in certain cities.....

>>17379682
They literally hacked their silvers in decimals with an axe nigga

>>17380210
>housing prices are through the roof in hot cities like SF, LA, Austin, NYC
Housing prices are through the roof all across the world.
I'm in Europe. It isn't just those 4 faggot-infested cities you named.
I didn't say it's just because f low interest rates.
But low interest rates absolutely contribute to it. It's not just in the US.
> so why are young people and new home buyers not responding?
Because the younger generations are already squeezed from all sides. And buying a house is a big commitment. Also, not owning a house allows for a more flexible and mobile lifestyle, which young cucks who hate the family institution seem to value a lot.
> or they can't afford due to student debt.
We don't have that shit in Europe and young people aren't buying houses and yet we have a housing bubble.
>>17380239
> overvalued does not mean bubble
What's your definition of bubble?

>>17380367
>>17380367

I agree with basically everything you said. Housing prices are high. I am misled when you say "low interest rates are causing housing bubbles all across the nation" as I believe there are a lot of places in the US where housing prices have not skyrocketed (especially if we are comparing it to the increase in the big cities we've talked about).

as for definition of bubble, I will defer to the investopedia definition which I think sums it up nicely:

>A bubble is an economic cycle characterized by the rapid escalation of asset prices followed by a contraction. It is created by a surge in asset prices unwarranted by the fundamentals of the asset and driven by exuberant market behavior. When no more investors are willing to buy at the elevated price, a massive sell-off occurs, causing the bubble to deflate.

I don't think there's been a rapid escalation (outside of those cities) or that the cause of the increase is based on exuberant market behavior (aka hype), nor do I believe that the increase is unwarranted by fundamentals (again, except for some big cities). If all those young cucks were taking advantage of low rates and buying houses they can't afford, then THAT would be a different story.

>>17380459

a final comment i would add: is Just because we are late in the business cycle or just because housing prices are high, does not automatically mean housing prices are in a "bubble"

>>17376942
>As the world is drowning in blah blah blah
Stopped reading there, the world is doing fine faggot

Alright lets say I get a loan.

Do I buy monero on the exchange, send it to some private wallet and then swap it or what? How do I prevent them seizing muh linkies

>>17378973

Ok send me 5 silver right now and I'll admit physical metals are superior. We live in the information age, shouldn't be hard. I'll give you an hour to do so.

>>17376942
Use aluminum foil, hot water and salt to clean those used coins so they are nice and shiny.
Check on youtube made some vids on cleaning your used silver coins.
Nice silver stack bro!