/biz/ - Business & Finance

>>17732250
It's cool to look at but so boring, all it does is sit there. The bible was right when it tells you that those who hoard silver and gold will never be satisfied. Every time I get some I'm happy with it for a few hours, then I want more.

>>17732250
Silver market has been dead for last 5 years, there is no reviving it.

>>17732250
Not sure if buying or dying

>>17732250
When the PMG threads were around, I promised myself I would buy below $16.50.
Now I want to wait for the $15s.

>>17733894
15.96 right now

>>17733894
Once spot hits mining cost+premiums, who will be selling?

>>17735457
People who lost their ass on stocks

>>17732250
feels so good not to have any money in the stock market

Everything appears to be a jew fairy tale at this point.

Both PM's and crypto should be up like 10000% right now.

$14.20?

fuck it. I'm gonna go hit up my local for an oz of gold and 50oz of silver. If shit doesn't pan out I can always fly to Puerto Rico and stuff the coins up Peter's ass.

I've almost bought everyday for the last week but it just keeps falling. Might snag some silver and gold today though, this fall is pretty sharp and maybe short lived.

>>17732250
How can everything be fucking crashing. Both my hedges against a recession (crypto and PM’s) WTF. YOU FAGGOTS LIED TO ME. I thought this shit would moon during a market crash

>>17737443
Everything dipped in 2008.

>>17737443
Gold and silver hedge against inflation. Not market crash. Should the banks respond to this with QE, Repo injections, or money printing under any other name, then you'll likely see PMs rally.
Cant speak for crypto. I hold plenty but I'm skeptical of it as a hedge.

Credit market is about to break, if not tomorrow there will be emergency action taken over the weekend by IMF, fed, banks, etc.

>>17737620
>Should the banks respond to this with QE, Repo injections, or money printing under any other name,
You don't think that is exactly what they are going to do if todays bloodbath lasts until the closing bell?

>>17735457
no limit on paper silver being sold

>>17737549
Listen to >>17737549
Gold went from $960 in the spring of 2008, to $730 in Nov. (2 moths after the Leman went under). Inside a year it was up $500 and didn't start falling until 2011 at almost $1,900. Just hold on for the ride retard

>>17737357
Looking at gold bars atm, then grab another 10-15oz of silver too. Whoo lad

>>17732250
>this rock is shiny so it is valuable

>>17738359
This rock is used in the computers you and everyone else on this site are using to post retard.

Silver will never be more $18

>>17738812
Holy shit that's depressing

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>>17732299
>muh bible

Oh ok, sure, don’t buy any sliver and leave it all for us to buy up and when your fucking poor because the Bible told you to sacrifice yourself like the fucking cuck you are no one will help you.

I missed the last time silver dropped down to $16 and now it's at 15 and I'm trying not to buy a kilo. I'm going to at least buy one of silvergoldbull's 10 oz spot price bars but I'm not willing to spend my little bit of savings on 4 good coins should I maybe buy a ounce of platinum or get $1k in silver? Might get the 10oz 20 rounds and a couple of those sexy Scottsdale 5 oz pucks. Though I would totally get the 10 oz and go all in on those pucks.

>>17738883
Don't make me report you, you bully.

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>>17732299
>All it does is sit there
Only if you're a retard. Silver has been used in the medical industry for centuries because it kills the shit out of bacteria.

>>17732250
>>17732299
>Buying silver
>Letting it sit there in it's coin and bar form
>Not learning to work metal and turn it into jewelry and ornate utensils or knives
>Increase the value per oz by doing a hobby with it
Anon, cmon, go from the Virgin metal buyer to the Chad precious metal worker

>>17739130
Dumb idea in a lot of cases. The waste from you trying to learn it yourself will cost more than what you could have gained, until you get extremely good at it. At this point, wasting your precious metals is something you shouldn't be risking on the off chance you have a knack for making fine jewelry.

silver isn't cheaper in my country due to a weaker national currency, in fact it's actually slightly more expensive
you should try looking at if silver is cheaper or if USD is more expensive

I gotta get ready to work a 8 hour shift bagging groceries and getting shopping carts from around the parking lot in roughly 80F weather

>>17737725
I do think that is what they will do. Maybe not today or next week, but soon.

>>17739961
maybe the heat will help you sweat off some of that fat you fat pig

>>17740044
Must suck to not be able to have access to a lot of food.

>>17740105
>must suck to not gorge yourself on garbage every day
lmao I'm infinitely more /fit/ than you

I've been eyeballing getting in to PMs for awhile now and figure this potential dip is as good a time to buy as any. I'm looking at JM Bullion and the monarch hand poured 5oz, would that be an alright starting point?

maybe you precious metals clowns will stop spamming your shit on this board now. LOL. Silver and gold are boomer scams for morons. They will never go up.

>>17740154
Yeah but it must suck to not be able to have access to a lot of food, huh? Limited yourself to rabbit food because you're like a girl who's scared she will look fat for eating

Why is Palladium down 360 points?

>>17739961
Mystery meat

>>17740201
It's a much safer investment than crypto. Look at those fools right now

>>17732250
based, some years ago I had exactly one oz of silver which I used as payment on a $25 eighth to my weedman who is a gold/silver fag

glad to know I got the better end of that deal

>>17740739
Wrong, the weed is gone and your friend still has that 1oz of silver.

>>17740739
>he paid $15 for that eighth
>he still, to this day, has profited
wow, imagine being this much of a dudeweed

>>17732388
Silver market isn't dead until I can get a 10 oz bar for $50

>>17738812
jfc that's sad

keep your metals, keep your coins, this is just starting

>>17741260
> keep your metals, keep your coins, this is just starting

This, just bought some. I’m a stacklet but I have hands of iron and will never sells

Dammit I didn't buy the dip, shaky hands

>>17741487
LMAO the dip is far from over. Stay with me anon and hold onto your cash

Fucking kill me now, I missed $15.60 by fucking seconds.i went from a 10 oz bar and 3 Scottsdale pucks for 503 to 511 because the damn site took too long to connect to my bank and of course it dropped right back down. This must be how the cocksuckers losing money in stocks feel!

>>17741718
Im finally starting my stack, a 5oz and 1oz monarch bar

>>17740807
>>17740919

wow u guys are so smart thanks I didn't think of that

>>17741783
Well don't buy too much right now it's gonna get lower

>>17741783
Gotta start somewhere anon I just broke 160oz

>>17740739
Duuuuuuude.... you actually got hosed. That's a smart ass drug dealer. The weed was probably schwag too.

I've been getting back into gold lately. Silver seems to be more of a gamble. But if it is shown that silver is effective at killing coronavirus I could see it becoming very valuable again. The virus will survive in surfaces for days, including metals.

Gold always goes up in price during a depression. It is a hedge against the dollar, and this virus is going to destroy the US ECONOMY. I don't kno if it will ever moon but I think it's a safer hold than keeping it in cash.

Bitcoin could be another decent option. I don't think it will moon but I do think it will retain it's value.

Help out a stacklet retard
How would I actually sell my silver and how does capital gains tax apply to that? Do I have to provide records of when I bought and the price? I'm probably over thinking this.

>>17743231
If you have us mint ase you don't. Think it's over 10k. Search for capital gains tax silver and it should pop up.

>>17743267
The 1099b isn't required for ASE but do you still have to keep track of how much you paid for all of your silver for capital gains tax reporting? I've kept all of my paperwork from transactions but I have spread out purchases. How do you big boy stackers keep it in order?

>>17743631
If you just sell $9999 at a time I'm pretty sure you don't have to use the 1099

>>17737443

I guess we have to reach "system reset" stage, then the prices will re-establish after that.

>>17735457
Gold and silver will be sold off because the owners need the money, e.g. some of the largest holders of precious metals are hedgefunds and governments. If they need money, they will sell.

>>17738978
>and when your fucking poor because the Bible told you to sacrifice yourself like the fucking cuck you are no one will help you.

stfu faggot, you probably a poor fag that thinks holding on to 2 silvers will make you a millionaire.

test

>>17738812
Jesus dude. I remember getting paychecks like that when I was 15

>>17742763
i guess dude, I was like 16 and found a maple leaf in a drawer at my parents house. I don't think my life would be all that much better if I still had a $15 coin in my possession

>>17736700
cringe. gold and silver will buy you blocks of housing and loose women in the early stages of the next paradigm

>>17741827
>i was just pretending
ok bro. ok.

Gold is slowly falling, if I buy it now it'll plummet while I sleep but if I wait until tomorrow it will moon while I sleep...

>>17744925
And then people will buy silver and gold after

>>17746194
bro I wanted to purchase a $25 product and would have done it anyway so I think it's fair to say I am objectively ahead of the game having retained or spent $25 worth of fiat which didn't depreciate at the same rate as the oz of silver which at the time was worth like $20 and is now worth $15 you know what I mean motherfucker

Fave 1 ounce coin /pmg/?

>>17746805
regardless of how you look at it, you lost.
>he pays $15 for lousy ass weed
>you give him $25 value 1oz coin
>post immense crash, coin is still worth $15.50 (spot)
>pot has long been smoked, and is worthless in resale value if you kept it
subjectively, you feel like you won.
objectively; you lost.
are you a nigger, perchance?

I'm new to stocks but a friend of mine told me it's a good time to start since prices are low.
My question is what is a good online.broker to work with?
Pic related?

>>17747086
muh dick nigga

>>17747086
he lost, but at the end of the day it was only a single ounce of silver