/biz/ - Business & Finance

>>58488797
I bought $600 worth of silver last year and it's still worth $600 after paying premium.
I bought $100 of PEPE last year and it's worth $3k.

>>58488811
Enjoy it while it last. All of that crap is going to zero. And when start to go, they're going to fall like Enron. It will make your head spin how quick and hard they're going to fall

Silver hasn't hit a new ATH since *check notes* 1980. Absolute garbage "investment".

This won't stop. Silver will be in the 100's before we know it. Don't forget, silver is needed for electric cars, to the moon!

>>58489125
Real demand needs real supply. Crypto crappers will never understand this.

>>58489121

Hey Rabbi

>>58488797
>>58488811
>>58489076
>>>58489125
Your silver will never be real money. Silver has no value, no liquidity, and will never be a currency. Your silver is a shiny rock twisted by reddit with paper manipulation into a crude mockery of economic perfection. All the “stacking” you do is two-faced and half-hearted. Behind your back reddit manipulate you and laugh at you. It's counterparts soar in value and liquidity, all while the dust that settles on your stack serves as a metaphorical laugh at the idea that it will ever be worth anything. The average person thinks your silver is worthless and laugh at you behind your back and mock you. Thousands of years of economic evolution have allowed reddit to manipulate your worthless rocks with incredible efficiency. Even goldfags who stack think less of you. Your financial fantasies are a dead giveaway. And even if you manage to get a drunk farmer to trade his goods for your rocks, he’ll turn for his gun when he finds out he's been scammed. Silver will never be money. You wrench out a fake smile every single morning and tell yourself it’s going to be ok, that your stack will pull you through, but deep inside you feel the depression creeping up like a weed, ready to crush you under the unbearable weight. Eventually it’ll be too much to bear - you’ll buy a rope, tie a noose, put it around your neck, and plunge into the cold abyss, leaving your worthless pile of rocks behind. Your parents will find you, heartbroken but relieved that they no longer have to live with the unbearable shame and disappointment. They’ll bury you with a wooden headstone, and every passerby for the next 20 years will know a poor man is buried there. Your body and headstone will decay and go back to the dust, and all that will remain of your legacy is an unmarked grave, and a pile of rocks that will be swiftly pawned off to the local corner store, and there will be nothing left.There's no turning back.

>>58488797
>highest price since 2013
Nobody tell the silverfag how much bitcoin has gone up since feb 2013

>>58488797
zoom that shit out, bitch ass

>>58488797
that account is an actually a rabbi lmao

>>58489788
Your silver will never be real money. Silver has no value, no liquidity, and will never be a currency. Your silver is a shiny rock twisted by banks with paper manipulation into a crude mockery of economic perfection. All the “stacking” you do is two-faced and half-hearted. Behind your back central banks manipulate you and laugh at you. It's counterparts soar in value and liquidity, all while the dust that settles on your stack serves as a metaphorical laugh at the idea that it will ever be worth anything. The average person thinks your silver is worthless and laugh at you behind your back and mock you. Thousands of years of economic evolution have allowed banks to manipulate your worthless rocks with incredible efficiency. Even goldfags who stack think less of you. Your financial fantasies are a dead giveaway. And even if you manage to get a drunk farmer to trade his goods for your rocks, he’ll turn for his gun when he finds out he's been scammed. Silver will never be money. You wrench out a fake smile every single morning and tell yourself it’s going to be ok, that your stack will pull you through, but deep inside you feel the depression creeping up like a weed, ready to crush you under the unbearable weight. Eventually it’ll be too much to bear - you’ll buy a rope, tie a noose, put it around your neck, and plunge into the cold abyss, leaving your worthless pile of rocks behind. Your parents will find you, heartbroken but relieved that they no longer have to live with the unbearable shame and disappointment. They’ll bury you with a wooden headstone, and every passerby for the next 20 years will know a poor man is buried there. Your body and headstone will decay and go back to the dust, and all that will remain of your legacy is an unmarked grave, and a pile of rocks that will be swiftly pawned off to the local corner store, and there will be nothing left. This is your fate. This is what you chose. There's no turning back.

>>58489799
Hand me a bitcoin and a silver coin and I will tell you which one has more real world value.

>>58489852
My coinbase card is accepted anywhere debit cards are. Pretty sure I have a better chance of using my crypto as a source of payment than you do convincing people to accept your shiny rocks that aren't even divisble btw.

>>58488797
It will all go up, you understand? Because everything else is losing value daily. But Bitcoin will go up moar and moar.
https://www.youtube.com/watch?v=qe4awO7x9fk

>>58489874
Your coinbase card means nothing without fiat money. Gold and silver will forever be valuable.

>>58489914
Uh huh, still less real world use than crypto tho, which is what you originally argued

>>58489923
Hand me a bitcoin. Prove to me that it even exists.

>>58489932
You are typing this into the void? Or on the internet? Where it can probably be found in 100 years still. I am no specialist on this, but you get my point.

>>58489932
>i cant touch it so its not real
Prove to me that you exist

>>58489955
Boomer rocks are non tangible assets.

>>58488797
>still hasn't broken the non-adjusted for inflation ATH from 1980
Imagine bagholding for 44 years...

>>58489076
Peak Boomer rock delusion. Try moving 10000 worth of gold or silver cross border, and ill try moving a million in crypto. Lets see who has an easier time of it.

>>58488797
Silver (and gold for that matter) are a failed currency. If they worked they wouldn't have lost to fiat.

>>58488811
>gold annual inflation: 2%
>silver annual inflation: 5%
>Bitcoin annual inflation: 0.85% and halving every 4 years
No second best, shitcoiner.

>>58489846
>Silver has no value
Silver has a multitude of uses. It is real. It can be touched.
Your crypto has no uses. It is fake. It cannot be touched. Your crypto is LESS than real. It requires enormous energy and processing power just to create the shared delusion of its existence.

You won't be remembered when you're gone as anything but another huckster selling worthless shit to dumb boomers and dumber kids. Have fun jumping on the next bandwagon. I hear NFTs might be right up your alley.

>>58490294
>too dull to understand the systemic economic value of a fixed unit of account
Pathetic.

>>58489788
Hey biz. How much if a low tier midwit is this anon for thinking the last 60 years of silver not being money is the future?

>>58489874
My goldmoney card is accepted everywhere. Checkmate.

>>58490178
Imagine being so malinformed that you didn't know the ATH and later crash in 1980 was due to market manipulation with the average silver price being $10 to $11

>>58490196
>Try moving 10000 worth of gold or silver cross border, and ill try moving a million in crypto

What is goldmoney. Can literally transfer your gold and silver digitally to vaults around the world.

>>58490243
Being so ignorant of monetary history that you think this is the first time we've tried fiat rather than thos being the latest in many failed attempts.

Fortunately stupidity is not a permanent condition and I am here to elucidate and educate. Look up the continenal.

https://www.investopedia.com/terms/c/continentals.asp

>>58490949
>custodial
Cuck.

>>58488797
Still less bullish than LINK and according to flur ai its only going to become less and less bullish as time goes on. Silvertards are COOKED this is your last time ever watching these prices

>>58491017
>Thinking block chain isn't itself custodial

You sweet summer child. All anyone has to do is get get a majority of the chain under their control and they can do whatever they want with your bitcoin. Why the fuck do you think financial firms are making bitcoin ETFs?

Ignoring reality, your crypto physical "wallet" have a limited lifespan that gold and silver do not and don't blow smoke about memorizing your key. You sure as ahit aren't doing that

>>58491441
>All anyone has to do is get get a majority of the chain under their contro
Lmao, is that all? How will we sleep at night.

Meanwhile you goldcucks literally hand over your rocks to 'goldmoney' or other random custodians.

>>58489932
lol lmao we've got a brainiac over here.

>>58488797
>Highest price since Feb 2013
>Metal is back baby.
It took over 11 years for these boomer rocks to get back to this price level.
You faggots are even more delusional than the crypto coomers.

>>58489121
>Doesn't understand the concepts of inflation, undervalued, and investment. What a retard.

Yes I'm sure silver is worthless. It's not used for anything and the fact it's still below its 1980 price point is proof. Much better to buy internet money. It is the future don't you know and things like energy and material goods don't matter anymore because the internet is where we live now and it's free.

>>58491595
When you take inflation into account it’s just sad. I own both physical gold/silver AND BTC/ETH but I wish PM’s were doing better than they currently are.
Realistically both crypto and PM’s will pump as the dollar is debased

Someone being invested in silver is a great filter. It means they are either a doomer who understands very little about finance, or a low IQ poorfag who enjoys the feeling of having a lot of silver coins as opposed to 1 or 2 gold coins.

Everything goes up when the financial system is flooded with liquidity, but silver continues to be one of the worst possible investments out there for the simple reason that it’s a very common byproduct of other metal and mineral mining operations, which means the the market is continously being fucking flooded with silver and there’s not enough demand in manufacturing to keep up

>>58488797
Why can't these shitcoiner spastics understand that silver is used for industrial reasons.

>>58491624
>the market is continously being fucking flooded with silver and there’s not enough demand in manufacturing to keep up

We've actually been chronically undermining silver, and this is contributing towards the squeeze, in combination with the renewable energy sector needing it for panels amongst other things. On top of that we've got China buying shit tons of it to fuck with America and the attempts to short and slam it are now failing.

new ATH within this summer!

>>58488797
>literal by product of mining for other metals
my sides

>>58489076
if silver falls to 5$ spot price
the online dealers will still charge you over 25$ a coin
silver may go under 15 but that will be due to major ritual shit going on which is lining up for the year of the Snake and Zion Don winning vs Kamala

>>58489076
>Enron
Say you're a boomer without saying you're a boomer

>>58490942
I have no clue, but just out of curiosity: how much of a low tier midwit replies to stale pastas? kek lmao

>>58493358
kek ikr imagine being conscious before 2010 frfr ong

>>58488811
>>58489076
the dicotomy of the world
both of you are correct
both of you are wrong

>>58491441
Key is stamped in 316 buried in my yard, cuck

>>58493666
>316
Ah ha.
Metal.

>>58488797
WHAT IF WE
TURN METAL INTO
A FUCKING CRYPTO
USING PINKSALE????

shiny rocks aren't as cool when you can go on the internet and see shiny things all the time
good thing some of the precious metals are useful in other ways

>>58489788
>Silver has no value

Decades of undermining of silver has lead to little investment and a consumption of above ground stockpiles.
In 1980 there was something like 10 times more silver above ground than gold. Now the above ground stockpiles are the same or perhaps now these is less stockpiles of silver than even gold. It takes years to get a new mine online and as a anon said Silver is primarily mined as a byproduct of other metals meaning you cannot simply just increase silver production as alot of the effort will go into mining other metals that may be less desirable.

Silver price has been fixed for decades via paper silver and the comex. What happens when during a inflationary economic environment, a crucial industrial metal that has in the past been used as a monetary metal is being stockpiled by your adversaries whilst you are trying (and failing) to keep the priced down via market manipulation.

Perhaps you get one of the most insane supply shocks/ short squeezes of all time? All I know is when Silver pops off it will be impossible to attain it.

1:1 GSR when? Perhaps you may see Silver rise above gold in price for a time.

>>58490196
>10000 worth of gold or silver cross border
not something i have a need to do quite literally fucking ever in fact i never want to do anything but hoard gold and have it hard to take from me, not easy to send far from me in an instant.

>>58491617
this

>>58489946
imagine thinking that electric grids will exist in 100 years
much less a world wide internet