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28324199 No.28324199 [Reply] [Original]

wanting to get 1 kilo of silver
but I'm hesitating, major thing I'm concerned about is 1. why is it so cheap?
2. who do I sell it to?
shill me silver, or talk me out of it frens

>> No.28324291

i think metals are a "just in case"
good to have, like a diversity in currency

also the metals themselves have beneficial properties

>> No.28324295

>>28324199
google jp morgan metals 1b lawsuit

>> No.28324355

Just do it, it's shiny

>> No.28324493

>>28324355
already into gold because gold is yellow
but why silver though

>> No.28324531

>>28324199

>who do I sell it to?

You can buy or sell at spot price with allocated bullion like PSLV or use BullionVault or Kinesis Money. Or buy mining stocks for leverage (both upside and downside) like First Majestic, Bayhorse Silver.

>> No.28324659
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28324659

>>28324199

As for

>why is it so cheap

See <-

>> No.28324687

only literal retards aka boomers buy silver
bet on humans innovating not the destruction of society
aka just buy btc retard

>> No.28324738

>>28324199
(checked)
>>28323666

>> No.28324756

>>28324531
>allocated bullion
it makes a lot of sense
like trusting a bank
or your crypto exchanges wallet

you do you

>> No.28324757
File: 1.35 MB, 1166x2600, Rp2.png [View same] [iqdb] [saucenao] [google]
28324757

>>28324659

and <-

However you choose to buy your silver, just don't get SLV, it's a scam.

>> No.28325092

>>28324493
Cheaper, can buy more

>> No.28325191

1. Simply put, it's cheap because the banks manipulate prices to keep it that way.
2. You could sell it on ebay, tons of boomers willing to buy if you offer close to spot. Or take it to a pawn shop and they'll offer bare minimum for it.

Same with Gold, it's an insurance against runaway inflation. Precious metals will always be worth something to someone and are used in all electronics from Solar Panels to computers. Demand will skyrocket (eventually) and those prices will increase.

>> No.28325446

>>28324531
physical only, paper is worth nothing

>>28324291
yeah...

>>28324659
>>28324757
if the world resets, they wouldn't have to pay back the shorts, right? so why would the price increase?

>>28325092
remember when it's 13 dollars, now 27 in like a year or so?

>> No.28325623

>>28325191
already had a lot of gold

>>28325191
>Or take it to a pawn shop and they'll offer bare minimum for it.
how much would they like to rip me off for it?

>> No.28325697

Can someone tell me what happened to the price of silver during the great depression?

>> No.28325953

>>28325697
Not spoon feeding you, it is data you can easily find.

>> No.28326323

>>28325623
They will offer you spot price and not a penny more. Not bad if you you bought low and the price jumps and just want to make the quick profit off it.

>> No.28326437

if you are american why not just buy ammo?
if shit hits the fan silver is going to do nothing for you

>> No.28326929

>>28326437
Because it's actually easier AND cheaper to find/buy silver with the current state of the ammo shortages in the US. I bought my mother some .380 last week for $28 for a box of 20rounds, it used to be like $9 this time last year for the same amount.

>> No.28327194

>>28326437
not american
>>28326929
what's up with americans with shortages this and that, seriously? why is your country so unstable....

>> No.28327260

>>28326437
You stop a bank run by shooting at things?

>> No.28327347

Physical is great, but I have no idea where I would sell my bars/coins right now. Other than some coin shop or pawn shop.

>> No.28327538

>>28324199
>2. who do I sell it to?
Most online coin dealers will buy, you send them what you have and they will give you a quote with an insured shipping label. You can also sell to coin stores, pawn shops, antique stores, jewerly stores, ebay, craigslist, etc.

>> No.28328616

>>28327194
>Freedom loving people buy ammo.
>Ammo prices increase with demand.
>'Rona hits, schitzos stockpile ammo.
>Democrat is elected, same schitzos stockpile even more.
>Demand outpaces supplies to the point there are >$2billion is backorders for ammo across the country.

People are much more willing to shoot at $0.15per round rather than $1.25pr. Most companies rely on spent brass casings to reload new cartridges and since people are stockpiling and NOT shooting, there isn't a flow of spent brass to renew supplies. A lot of the problem is that boomers take advantage of shortages by camping outside stores, buying as much as they are allowed, then turning around to resell it online for double the price thus driving the prices up further. A bag of 250round of .223 used to cost me $60 now it's like $110 and that's still kinda low.

If it can happen with bullets, I'm certain it can happen with PMs too. My dad insisted I start buying silver young so I used to get it at like $13 so I've already doubled my investments.