/biz/ - Business & Finance

I got both and I'm swapping half of my chain link ends in silver

>he thinks precious metals will be money ever again

>>20518671
My grandfather stacked silver in his retirement years and it went nowhere. I'm not making the same mistake. Even if silver goes to ATH it won't be comparable to potential crypto gains.

>>20518671
>he got assraped on premiums & spot needs to 1.5x to make a penny
>he made 50k in gains on imaginary interweb rupees

>>20518735
accurate description of "people" who believe precious metals will never be money ever again

>>20518735
i feel the strange need to kill this man

>>20518805

Crypto is a joke compared to precious metals. The average small-cap silver miner went up 150x in the 70s silver bull market. The same thing happened in the 00s. First Majestic went up 150x--look up the chart yourself, all you have to do is google it. I gave a list of silver stocks to /biz/ literally one month ago (22/06/20) and they are up, on average, by 80%. Viszla Resources is up 500% (sixfold). Even today, Silver One is up 20%, Bear Creek is up 13%, etc., and the U. S. markets have not even opened yet. People in cryptocurrency do not yet understand the gains which are to be made in resources, but they will soon.

>>20518671
Number go up
Number go down
Look at me, number is money now

>>20518878

let them keep throwing their money at shitcoins. it's the most obvious ponzi scheme in history, and anyone too dumb to see it deserves to work for me for 1oz silver per week.

>>20519014

I feel sorry for young people who are easily taken in by these crypto-scams, which is why I try to spread the word about mining stocks on here. But, yes, as you say, at a certain point, people have only themselves to blame.

>>20518805
>Crypto gains
Yes, no better way to spend money then on a speculative digital asset when food and cost of living prices will be at all time highs.

>>20520220
Uh oh grandpa is back on 4 channel!

>>20518671
>he bought coins but no portable scale with which to pay people his "money"

>>20520353

Do me a favour and look up what Discovery Metals, Callinex Mines, and the other silver stocks in my picture are doing right this second. >>20518878 Then compare them to the Dow Jones and Tesla.

>>20518805
nigger you don't know why people stack silver its not go get rich on roi

>>20520569
>people don't buy silver to get rich
Mission accomplished so far lmao

>>20520723
god you are retarded

>>20520723

You missed the part where he said "on ROI." You buy silver to survive a currency collapse and high inflation, which is exactly the financial situation which we are in at present.

>Mission accomplished so far lmao

I just demonstrated to you that my silver stocks are up 80% in a month (probably 100% as of today?). That one of my silver stocks is up sixfold. >>20518878 When will you acknowledge this? Small-caps like Discovery Metals are up 14%, and even the SILJ ETF is up 5% as I write.

no bully pls

Only poor people buy silver. Gold is the only thing resembling a monetary metal at this point. Fight me

>>20520863
>Fight me
are you a woman?you sound like a woman.Instagram is is down the hall

>>20518846
>man

>>20520863

In a precious metals bull market, small-cap silver miners go up, on average, 150x times. This is simply an historic fact. There is no exception to the rule.

>>20520888
>I’m too poor to buy gold so I’ll just reddit space an ad hominem

>>20518805
Same exact situation here. He was super bitter about it too he could have gotten stocks, and then he passed away. Really sad. Pm's in the current year are for precious morons

>>20518671
but what about asteroid mining????

I used to be a silver stacker and still have my stack. Bought into the 115:1 meme, after learning about stock to flow I now know why silver can never pump and why we went from a silver standard, to bimetallic and then completely dropped silver for gold. Gold can still pump some but silver is fucked forever.

>>20521335

Bull markets happen in cycles. The reason why people don't make money on them is because they get in at the end, rather than the beginning. It is precisely because commodities are at an all-time low that people should be buying them now.

>>20521263
>I’ll just reddit space an ad hominem
i don't think you knwo what that means newfag

>>20521402
not going to happen

>>20521444

The case for silver is blindingly obvious. If the value of precious metals is to protect against inflation, and we are about to go into a period of high inflation, or even complete currency collapse, how can it not soar? Apple alone could buy the entire world's silver supply at its current price, when silver has almost never been so cheap. Now Apple is only one company on the stock market, and the bond market is even greater than the stock market. And as real rates in bonds are currently negative, and must indefinitely fall, owing to the debt trap the U. S. government is in, can you not see plainly what is going to happen? Everything except gold and silver is in such a bubble right now that they are the only haven remaining for one's money.

>>20521402

umm, literally impossible

- cost to launch mining equipment into space? many billions
- odds of landing everything intact? slim
- odds of there being gold/silver where you landed? very slim
- odds of your equipment not breaking down within hours? slim
- odds of repairing equipment? zero
- odds of returning enough metal to earth to make the venture profitable? zero

>>20521547
Those arguments are valid for gold, assuming we go straight into a hyperinflation scenario. But silver's doesn't have the right stock to flow ratio anymore for it to not have dumpamentals. That's why we abandoned it as a planet a few empire back.

>>20521547
>>20521561
this is redditspacing

>>20521777

The average small-cap silver miner went up 150x in the 70s PM bull market. The same sort of thing happened in the 00s. Look at First Majestic Silver; up 150x. That is not "a few empires ago." We just had a nine-year silver bear market; that's normal in markets; everything goes in cycles; people don't make money in them precisely because, instead of looking at value, and getting in early, they presume that the recent past must perpetually define the future. No idea why you talk about stock to flow, since the ratio of gold to silver in the earth is only 1:12. A fair price of silver would be $500 according to David Brady. How is it not clear that, as people come to realize that a currency crisis is imminent and inevitable, they will flock to silver? If you sit this out, you are missing the opportunity of a lifetime.

>>20518696
Remeber! Don't sell the link. Take a loan against it on Aave and buy from apmex with Bitcoin.

>>20521987
no its not nigger

>>20521402
earth is flat, faggot

>>20521995
I want to know something. What type of "currency collapse" are you hedging against here with silver? Any evidence of some sort of currency crisis has been that foreign banks and lenders are realizing the eurodollar is worthless, and in March banks started hoarding USD due to a potential liquidity crisis. If anything USD would go up if the conditions big banks were thinking could happen in march (and probably before that considering the news only started picking up on it in march) actually do happen.

I wanna get into silver because it seems neat but I need to know what conditions you see this hedge actually being worth it when the only currency crisis Im seeing is a liquidity issue, and that would make USD value go up.

>>20521449
>My grandather bought in his 30's
>w-well he just bought at a bad time
Fuck off.
>>20521533
>>20521561
Laboratories.

>>20522333

You are referring to Brent Johnson's theory. He might be right, but I think it far more likely that Alisdair McCleod is correct that the dollar will collapse. It is already starting. The dollar is going down, not up. The amount of dollars which will be required to cope with the debt-trap, implement yield-curve control, and bail out the banks of a coming crisis, will make the currency of the United States completely worthless.

https://www.youtube.com/watch?v=XliHE6QgljY

https://www.youtube.com/watch?v=l9xeSOdr9Uc

https://www.goldmoney.com/research/goldmoney-insights/the-crisis-goes-up-a-gear

>>20518805
Silver is for survival. Not for gains. It would not a collapse, collapse enough not to have electricity and internet, but not collapse enough to be mad max, because then no more exchange value except food, ammo, etc...Silver has a close windows.
It's pretty terrific at storing value, but it's not for gains.

(...) (need a collapse).

>>20518878
Bitch pls, 12,000% on one week

>>20522333
zerohedge posted an article today about Europe stacking gold for decades and preparing for this. China's fake gold is an interesting twist.

>>20522395

Last gold bull market was 2001-2011, during which time gold rise from $400 to $1900, or nearly fivefold. Meanwhile, the Dow went up by only 20%. Takes about two minutes of research to verify that your picture is an utter fraud. It conveniently omits the 1970s bull market too, during which gold rose 25x.

The irony is that the most "hyperinflation" obsessed PM stackers are American and their country is the least likely to ever experience it. Feels good to be a leaf, we'll be absolutely fucked after this crisis.

>>20522496

>>20518671
why not have the best of both worlds?

>>20522615

This is only if you believe the Brent Johnson theory. Alisdair McCleod, Peter Schiff, and many others believe that America will suffer more than any other nation in the coming crisis. This is because the dollar will lose its privileged status as the world reserve currency. See >>20522447

Digital Silver. Buy or stay or poor

Idiots who still dont understand the difference between investing, hedging, and speculating. If you want a risky but instant 10x, you buy shitcoins hoping some sucker will pay more for it tomorrow.

But if you want guaranteed returns during a global crisis, you buy silver and gold. Its called no risk low return, but once the real bull markets start for PMs and you got in early, it will be no risk HIGH return

>>20522593
Kek.
>Google chart
>shitty scale
>not log
>No reinvest
>Dow
I can tell you scrambled angrily to try and refute something factually correct, with an 8th grader mspaint comparison.
Any noobs here, don't listen to these fuckers. Rock pushing scam artists

>>20518671

You can have both you know.

Plus silver does not have the volatility and profitability of crypto

>he bought coins?
>crash eet

>>20522461
Exactly, silver is an Ace in the hole. It will never go to zero

>>20522757

S&P 500 is no different. A pitiful 20% gain, as against a fivefold one in gold. What is your point?

>>20518671
I know this is tongue in cheek, but I literally missed BTC sub $1 because I was thinking this exact thing. I was stacking silver and was seeing lots of BTC posts telling people to buy it....and I didn't. So...I'm stacking PMs, but for sure I am stacking crypto. LINK $1000 EOY

>>20521444
Please leave, this isnt for people with room temp IQ.

>>20518671
>real money
Sub80 IQ detected. Good job you literal dumbfuck.

>>20523670

This is what I mean when I say that people miss bull markets because they keep judging the present by the recent past. The crypto market had its peak in 2017, and is pretty much dead. Crypto might even go into a bear market for many years to come, as silver did. Mean-while, the precious metals bull market is just starting, but some people are so frightened by the nine-year bear market preceding it that they will not be the intelligent money and get in at the bottom. Instead, they continue to chase yesterday's news.

https://www.youtube.com/watch?v=l-knwwD-PZc

>>20524069
get a job kike

>>20524086
No, it means diversify. If I had take a single silver round and bought BTC with it, it could have bought a house. I'm bitter. Silver and gold are good to stack, but people who put their entire wealth into them are missing out on real gains. Gold and silver are insurance, not for gains.

I bought MasterCard which controls the price of shitcoins and all transactions (that Visa doesn't control) worldwide. The MA CEO is the protopajeet and is unstoppable. He has legions of (((analysts))) pegging your crypto shit to their network and buying up tiny fintech shits with his massive free cash flow. Go ahead and buy your buttcorns and boomerroxxx. You can't spell MasterCard without M-A-R-S, which is where I'll be in 5 years while you broke tripleniggers will be holding those bags. cy@

>>20521987
nope

>Holding both crypto and rocks

Comfy and prepared-for-anything-pilled

>>20518735
>Beards are so cool and manly!
>Anyone who shaves it off can't handle the weight of manhood!

>>20524922

Hatred, bitterness, and scorn, are three of the best signs that a bull market is about to begin. It is precisely when something is despised and neglected the most that it is most likely to begin the next bull-run in its cycle.

>>20526501
>>20526534
Very nice.

>>20526182
this is the correct answer. you're gonna make it, anon.

>>20526817
ty