/biz/ - Business & Finance

>>50191023
March 2020 Part 2.

>>50191023
if this turns out to be false I will find you and stick my dick in your eye

>>50191023
The only number that matters is the GSR.

Holding rubles is literally like having a second even higher-paying job where you get paid to do nothing

>>50191023
>silver is $10/toz
>ASE's are still $30/e
Oh no, the comex is going to break. What ever will we doooooooooooooooooooo.

>>50191023
No

>>50192075
The Comex will be left holding nothing but paper as physical silver dries up. What happens next? "The greatest transfer of wealth in history" as they've been memeing.

>>50191761
>>50191843
>>50192075
>>50192115
>>50192229
Massive cope.

>>50192267

>>50191023
Why though?
Are boomers dying and their kids are selling off their stacks

>>50192424
white amerimutts aren't the only people in the world.

>>50192439
Yes we are

Definitely possible. After the 2007 real estate collapse and financial crisis, silver dropped into the $8/per ounce range. But afterward it temporarily surged to $49/ounce.

I fucking hope so. Gonna buy so many cheapies

>>50191023
and silver mining stocks? going to zero?

>>50192229
i don't understand how draining the comex of silver will prevent them from suppressing the price? why couldn't they continue price suppressing silver even if they have zero ounces in the vaults?

>>50192748
What would be the point of buying a certificate for a commodity you could never redeem?
What is stopping (you) from selling paper silver if there is no reserve requirement expected by buyers?

The funny thing is, people are dumb enough to buy these hypothetical certificates

>>50191023
Where can I buy physical for that price?

>>50192827
>the funny thing is
It's not funny but it is true. I'm blackpilled on silver just because people have proven that they're more than willing to eat any shit that's been fed to them for the last few years (decades, even). The comex could completely dry up and they'd say "LOL TEMPORARY SHORTAGES but uhh the price is still dropping!" and it would effectively constrain the price of physical bullion. Market makers can suspend the law of supply and demand while retard leftists still cry about "muh capitalism"

>>50192944
>I'm blackpilled on silver
me too brother

>>50192944
I wonder how many lefties even know about market makers?

>I fucking hope so. Gonna buy so many cheapies

>>50192841
Anyone? I would like to buy an ounce of silver for $20. Where can I purchase an ounce of silver for $20.

>>50191023
You are a poor cretin and shouldn't post advice.

>>50192424
>2022
>still believes retail has any influence on markets

>>50192944
>The comex could completely dry up and they'd say "LOL TEMPORARY SHORTAGES but uhh the price is still dropping!" and it would effectively constrain the price of physical bullion. Market makers can suspend the law of supply and demand
No. Silver and gold are the bedrock of the entire monetary system. Once it dries up, and it will due to demand outpacing supply, then things start to unravel extremely fast- within hours.

>>50192944
the jews have brainwashed u good

>>50193967
The jews have demoralized me, brainwashing would be "hurr faggot silver is worthless shiny rock u can't even eat the boomer rock also u will trade for 1 can of beans and i am gonna shoot you and take it in the apocalypse"

>>50193421
It would be antisemitic for lefties to know about market makers

>>50191023
I agree that the metals will tank bigly over this year.

>>50194006
they brainwashed you because there's no reason to be demoralized.

>>50193951
>civil war
will never happen. this country is not "divided." we just dont give a fuck about anyone but ourselves and our families. conservatives in rural areas dont hate liberals or democrats; they just dont care about them. and vice versa. its apathy. everyone is focusing on just trying to get by. no one is going to take up arms about any of this stuff. we're just going to keep going to work, watching our savings get inflated away, and just try to survive. there will be no civil war

>>50193421
GME unironically dragged a bunch of retarded redditors into the know on this

>>50194051
Good luck

>>50192748
>how could a commodity exchange advertising a price for a commodity claim that's the market price for it if they cannot physically provide that said commodity at the advertised price

wrong; this is a pullback before it takes off due to investors closing their positions to make margin calls

this is bullish as fuck for metals and is a but opportunity

>>50194120
yeah I'm pretty sure this is happening because the euro is getting assfucked. despite my earlier pessimism I'm pretty sure we'll see $30 EOY.

>>50193951
You are as bad as GME holders
>there is a shred of fairness and honesty left in the markets and therefore we'll win!
There isn't. You won't.

>>50194109
>>how could a commodity exchange advertising a price for a commodity claim that's the market price for it if they cannot physically provide that said commodity at the advertised price
they'll find a way, anon. look what they did to the nickel market. look what Robinhood did to its traders. i could see the comex being drained to zero and yet the price suppression continues for months on end. maybe not years and years but i dont see how the price would instantly just shoot up because the comex is empty

>>50194243
Nobody cares about nickel. Silver is a different story.

>>50191023
Why not $1 an ounce?

>>50194243
If they keep the price low it will cause a shortage.
There is no way around it
>either the price goes up
>or some industries will be unable to source physical silver at all, they'll literally have to shut down
Considering the auto industry has started to ship cars with less electronics (the so called "chip shortage" which is the code word for the "physical silver shortage caused by the squeeze") shows it really is effective and you should keep stacking just so they stop adding tracking electronics into everything.
Even if the price won't go up, the world will become a better place.

>>50194334
nickel is even more of an industrial metal than silver. this seems like cope.
>>50194388
very nice digits anon

>>50194191
keep stackin fren

>>50192728
No but there is always a major selloff at the start of a bear market same with most stocks. It's a mix between the Fed being snakes and people being retarded. It usually raises 2/3 of the way after a depression

>>50191023
>2 more weeks

>>50194388
won't they just nationalize silver mines all over the world? or put in price controls by calling silver a "strategic metal"? i mean, people believe that silver is going to $200 immediately after the comex "defaults," but i don't see why or how that would happen.

>>50194191
>I'm pretty sure we'll see $30 EOY.
We already are at $30 in the real world of non-talmudic fantasy.
At least in yuropoorland, i know that in the US some cheapies are still availible, but no such luck over here.
Feelbadfren, i really wanted to slurp this (((diperino)))...

>>50192267
Try buying the actual physical metal close to it's spot price. Pro tip: you can't. This is the disconnect. It's happened already and we're only days away from the normies catching on.

>>50193530
Buy a SLV contract and ask for delivery.

>>50194475
this guy gets it

>>50194586
You need a position of like $500,000 or something before you can request physical delivery on your ETF.

>>50194586
Such a grandiose idea! I wonder why you are the first anon to ever think about this...

>>50194586
thats retarded

>>50194539
>nationalize silver mines
>put in price controls
Ahh yes. These always work so well, and for so long!

>>50194539
Yes, but nothing changes the fact they can mine only 800M ounces per year world wide and that figure is slowly going down, while the industry needs 1000M ounces per year world wide and that is projected to increase.
There is nothing they can do to avert a shortage of physical silver. By hoarding it, you're just accelerating so the shortage happens sooner and in an uncontrollable way to crash the whole system.

>>50194644
skeleton_claw is a massive faggot lol imagine simping for fiat currency with your poorly drawn webcomic

>>50192728
Mining stocks are always risky, with more risk in volatile markets. The decision of don't invest what you can't afford to lose

>>50194644
where do we have precedent of this happening before? why are we assuming that silver is going to do a "moonshot" if or when the comex empties? what if the price went down if the comex defaulted? i just don't see a logical explanation for why the price suppression will stop if/when the comex defaults. the bankers aren't just going to give up and throw their hands up and walk away

>>50194702
It's funny to me because I identify as the dragon. Imagine being this butthurt over some faggot comic artist's political beliefs.

>>50194730
>where do we have precedent of this happening before?
Anon I...

>>50194739
Imagine being this butthurt over my response to your image

>>50194730
Comex default or not, (((they))) still can't continue to propose to buy silver from miners for below the extraction costs. And we are already there (average silver production cost for Q1+Q2 2022 from primary silver miners = $20.35, current spot = $19.30).
Miners will (are) simply die and the offer will get even more dire while the demand is ever increasing.
They are simply making the situation even worse. Who cares about spot price if nobody can buy at such prices anyway?

>>50194029
>It would be antisemitic for lefties to know about market makers
Or economy in general.

>>50194120
yup. /pmg/ has predicted this since day 1
if you're not buying now you're gonna be kickin yourself soon
>in before "2 more weeks"
keep buying that crypto dip. you'll be waiting a lot longer than 2 more weeks for a rebound

>>50194854
Insider here. Most silver mine production isn't distributed to fulfill comex contracts.

>>50194636
Too poor to do that? Keep paying your retarded premiums, rube.

>>50194944
tell us more

>>50194697
with depopulation they can. So they are.
>the vax

>>50194944
>insider
kek, nobody needs any "insider" info to figure out basic logic anon. Everybody is shortcutting the coomex yet it's the price of reference. Only here to fool the goyim.

>>50195001
>Everybody is shortcutting the coomex yet it's the price of reference
yup
that's the whole point
once the comex defaults, it can no longer be the price of reference. the price will inevitably rise

>>50192229
YEEEEEHAW! WE’S GONNA OWN DA JEWS AND THE LIBTARDS! JUST KEEP BUYING!

>>50194475
Dont use the past to predict the future. There is definitely a self fulfilling prophecy with some of this stuff. People want to rotate into PM miners during a recession, but they think the price will dump, so they avoid buying. So yes that could happen, but it's certainly not guaranteed.

Meanwhile...

https://twitter.com/GoldTelegraph_/status/1544718885684903936

>>50194388
>you should keep stacking just so they stop adding tracking electronics into everything.
this is also true
don't forget that the military industrial complex requires something like 500oz of silver for each of their precious missiles
hoarding silver is one of the most ethical things you can do with your money

>>50194051
Get your head out of the sand or out of your ass.

I'm new to precious metals. Why is it that when I look up te price for silver per troy ounce it's something like €18 but when I want to buy a coin the prices are around €25?

>>50195576
because the spot price is fake
it is dictated by something called the comex, which does not have the silver inventory it claims to have
the reality is silver sells at all sorts of prices, some higher than spot, some lower than spot
if you want to buy it cheap, you will have to put in some effort to find good deals
don't expect to get below spot just by googling "i want to buy silver"

>>50195576
To get 18 euro price/ounce you have to buy one contract of 5000 oz and you're getting 5 x 1000 ounce bars, if you manage to obtain them physically in the first place and you don't end up holding only some paper contract.
These bars have to be melted, cast into shapes of a specific weight, stamped, transported, etc. You might also pay VAT on it.
The dealer takes a cut too. The premiums are kinda high because the dealers are greedy and they want a bigger cut.
There is also a general trend to stop you from stacking by increasing this premium to make it look unattractive. What you should do is to hoard the cheapest physical you can find.

>>50195716
>What you should do is to hoard the cheapest physical you can
I buy a mix of the cheapest physical I can (kilo bars at my income) and canadian maples because they have some of the best anti-counterfeiting, verifiable at a glance, and relatively low premium among government minted coins. I also get krugerrands sometimes because I really like holding them. And I got a tube of 2021 ASE's because they cucked the eagle design on the reverse and I feel like they'll retain good numismatic/historical value.

>>50195847
if you like anticounterfeit measures buy gold kinebars

>>50195847
>I got a tube of 2021 ASE's because they cucked the eagle design on the reverse and I feel like they'll retain good numismatic/historical value
same. that tube will fetch a pretty penny in a few years

>>50195910
I don't give much thought about anti counterfeiting with gold because I can't see myself ever wanting to barter with it, I'll always be able to get somewhere that has a sigma if I want to unload gold. even with silver it's a bit of an apocalypse fantasy to worry about easy verification.

>>50195994
decent point but they also look like space money

>>50191023
5$ above fucking spot. What a racket.

>>50194236
this is where you dont understand it anon, its not the markets we trust, it is God and nature.

>>50196281
I have a good amount of roos because they were cheap sovereigns at the time I stacked them, but damn they are ugly.

>>50192439
>white amerimutt
you can leave now

>>50191023
Says who?
>>50194030
samefag

Nice try schiffer but to bad that you are a fucking loser lol.

>>50191023
get physical fags, inflation is on its way!

>>50191023
Wrong, silver will be free they will hand it out on street corners sacks full of it. Didn’t you hear Uganda found a gold nuggets the size of Switzerland

>>50191023
The true stable coins.

>>50196647
Which is why Zimbabwe is moving to a gold backed currency.

If you ever see silver drop to $10 an ounce immediately buy as much as you possibly can.

>>50197141
it may just get there. and stay there

>>50196617
This must be a fucking bot who can’t even read the thread, just saw the key word silver,

>>50196405
If you're an earthly fag you buy crypto and tech stocks, godly men buy gold and silver.

>>50197212
>This must be a fucking bot who can’t even read the thread, just saw the key word silver,

>>50191023
Plzplzplzplzplzplzplzplz

>>50191023
SILVER THIS
SILVER THAT
GOLD THIS
GOLD THAT

You sound just like my grandpa, future is unironically on crypto, specially dogcoins and funny coins, my friends at ZHAO told me so and I'm believing
I will keep waiting, until then, farewell