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/biz/ - Business & Finance

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11121322 No.11121322 [Reply] [Original]

>he thinks silver is rare

>> No.11121350

>>11121322
And to think virtually all of that is still in vaults, where as the total amount of above ground silver is only a fraction of it

Go ahead and suck me gold fag

>> No.11121366

>>11121322
All PM fags will eventually get cucked By asteroid mining.

>> No.11121369

And like half of that was mined in the last hundred years. No mineral is rare in the universe. If gold climbed high enough we'd be crashing asteroids full of it into the ocean until the price was so low again that that was no longer profitable. Only retards invest their money in metals and think it's good for anything but a quick buck.

>> No.11121379

>>11121366
Shut the fuck up you clown, we aren't asteroid mining for hundreds of years at least

>>11121369
Silver isn't rare but it's being used faster than it can be feasibly produced. Let that sink in

>> No.11121390

>>11121369

*minerals and cryptos

Fixed that for you...both for retards thus perfect for biz

>> No.11121396

>>11121366
>asteroid mining

>> No.11121413

>>11121379
>we aren't asteroid mining for hundreds of years at least
You realize we have the technology RIGHT NOW? Decades, sure. Centuries? How's 1700 treating you?

>> No.11121456

>>11121379
We dont even need to go into space. We barely scratched the earths crust. There is plenty of gold for everyone inside.

Thats why i dont get you goldbugs. You think gold is rare even tho basic knowledge tells you otherwise

>> No.11121469

>>11121322
Daily reminder that industrial use of gold is >10%

>> No.11121484

>>11121469
Wrong sign ment <10%

>> No.11121505
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11121505

>>11121456
There isn't much left.

>> No.11121541

>>11121379
You really don’t know what you are talking about. It won’t be several centuries, that’s for sure. A lot of experts expect asteroid mining to start in 20-30 years. It’s obviously not guaranteed to start that fast, but you’re a retard if you think it’s an irrelevant risk.

>> No.11121547
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11121547

>>11121413
>Me, math degree from Caltech
>You, ?????

Shut the fuck up you fucking retard, you've clearly never done real engineering or science. talking about mining an asteroid and drawing up a plan, and then ACTUALLy DOING IT economically, feasibly, are two massively different things. You don't understand how difficult pulling off shit like asteroid mining really is. At least for the next hundreds years, why even worry about.mining an asteroid at $100k/oz when we can still set up hundreds of mines on Earth for $100/oz

>> No.11121589

>>11121547
>Me, math degree from Caltech
Nice. Enjoying your 300k starting?
>ACTUALLy DOING IT economically, feasibly
Well no shit it's still cheaper to pull shit out of the earth, for the moment.
>At least for the next hundreds years
This is where you fall into normalcy bias like some retarded NPC who doesn't understand accelerationism.

>> No.11121651
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11121651

>>11121589
Made money off eth, am retired. Just hoard silver at this point

As for accelerationism, you have way, way too much faith in science and technology. Ignore the fact that we are about to hit the worst financial calamity in human history, setting us back 50-100 years, we've really picked a lot of the low hanging fruit with regards to tech. The complexity has exploded but the human brain can't keep up. Pulling off new complex feats in space is still going to be brutally difficult even 50-100 years from now.

Even if I'm wrong, I'm not going to be storing my silver that long anyways, crypto will have completely taken over by then probably

>> No.11121937

>>11121505
In 2km deep there isnt much left yes. But luckily the earth massively deeper than that

>> No.11121974

>>11121322
All gold mine in the history fits into 20.9m cube
BTC capped at 21M
Are they trying to tell us something?

>> No.11122018

not even gold makes sense as money anymore, but silver is 100% useless and has never been a store of value of medium of exchange.

>> No.11122035

>>11121547
> why even worry about.mining an asteroid at $100k/oz when we can still set up hundreds of mines on Earth for $100/oz

Let a Jew explain
> 1. Buy all the silver mines for cheap
> 2. Shill asteroid mining meme in the media
> 3. Declare your mines as depleted
> 4. Justify gigantic price of silver
> 5. Sell silver from your mines while broadcasting some fake(or even legit) asteroid mining in the media
PROFIT

>> No.11122769

>>11121651
If we get a financial crisis that sets up back 100 years, then your silver will either be worthless, or peasants are going to fuck your severed head before they put it on a pike during the revolution.

>> No.11122863

>>11121366
I really want to push some Asteroid mining threads with details and facts so I can rub it under those faggots nose that that shit won't come in the next 3-5 years.

>> No.11122934

>>11121322

Eventually we’ll literally have gold factories once we make enough advances in particle physics

>> No.11123022

>>11121974
>BTC capped at 21M
What happens after every BTC is mined?

>> No.11123042

>>11123022
mining fees.

>> No.11123075

>>11121366
>cant even build a space station without it falling apart
>thinks we can mine asteroids

Sure buddy, spaceX is going to be a big success.