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/biz/ - Business & Finance


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12811206 No.12811206 [Reply] [Original]

When the currency crisis hits you will wish you had it.

For most of human history a days wage equaled a silver piece the size of silver dime...even in America.

14 silver dimes equals 1 ounce of silver. So 1 ounce of silver bought for 15$ right now is historically 2 weeks worth of days wages. But it's actually going to be more like 1 silver dime equals 3-5 days work after the dollar fails. Because there are billions more people on the planet and much less silver available.

In Venezuela where their currency collapses 1 silver ounce buys you 3-4 months of food on the black market. Which makes sense since if you worked for 2 weeks in America and bought all food with that 2 weeks paycheck you could get about 3-4 months worth of it. And this shows how bad Jews are stealing our wealth through inflation since the dollar cost of 1 ounce of silver is 15$ and 15$ barely buys you lunch at jimmy johns today.

Today the avg American makes like $150 a day.... which is EQUAL to 10 ounces of silver. Which just flies in the face of all economic reality and when the dollar collapses it will swing violently the other direction.

So as little as 7-8k worth of silver today or about 500 ounces would be like 40-50 years of days wages historically. 500 ounces multipled by 14 (dimes equal to that ounce) = 7,000 days worked historically but it's more like 21,000 days worked or 40-50 years worth of days wages since we have billions more people on the planet and much less silver available.

>> No.12811227

silver's only use is to be traded at a ratio to gold

>> No.12811324

>>12811227
Well yeah.... when the ratio comes down into the 40's then exchange your silver for free gold. But still not a bad idea to have a % in silver

>> No.12811463

Heavy silver bags anon?
Babble poped already, no one will buy.

>> No.12811476

Where's the best place to buy silver? Local shop? Online? etc?

>> No.12811498
File: 12 KB, 320x320, 1550077874222.jpg [View same] [iqdb] [saucenao] [google]
12811498

SHUT THE FUCK UP BOOMER. YOUR SHINY ROCKS ARE OBSOLETE AND SO ARE YOU.

REPLY TO THIS POST WITH "SHUT THE FUCK UP BOOMER" OR SILVERBUG BOOMER WILL STEAL ALL YOUR GAINS.

>> No.12811502

>>12811476
If you're going to buy online, remember to insure that shit.

>> No.12811554

>>12811498
SHUT THE FUCK UP BOOMER

>> No.12811657

>>12811206

Cope

Metals are old Boomer tier investments the that have no use anymore

>Muh technology

Nigger, foxconn isn't going to be buying your silver dollars

>> No.12811689
File: 1.68 MB, 2422x2651, IMG_0271.jpg [View same] [iqdb] [saucenao] [google]
12811689

Why do you fags get so mad at our stacks?

>> No.12811744

>>12811689
Butthurt from their weekly crashes

>> No.12811745

>>12811689
Do you own a safe?

>> No.12811749

>>12811689
SHUT THE FUCK UP BOOMER.

>> No.12811760

>>12811745
Of course.

>> No.12811776

>>12811760
Nice, can you give any tips on safe buying?

>> No.12811788

>>12811227
and the hundreds of use cases in manufacturing. We throw a ridiculous amount of silver (and many precious metals) into land fills every year.

>> No.12811794

>>12811498
SHUT THE FUCK UP BOOMER

>> No.12811806

>>12811788
>We throw a ridiculous amount of silver (and many precious metals) into land fills every year.

BECAUSE IT'S GARBAGE.

>> No.12811809

>>12811689
>loose, unpackaged coins
Is that safe regarding scratches or other deterioration? Does this shit even affect resale value?
Can one touch them?


t. babbys first shiny rocks

>> No.12811839

>>12811776
Wait until they go on sale at you're nearest retailer like Bass Pro or Cabellas and buy one. I got one that weighs 400 Goddamn pounds empty, you want something some crackhead can't just carry out.

>> No.12811845

>>12811809
The loose ones are just junk silver.

>> No.12811874

>>12811839
>stores his shiny rocks in a giant 400lb metal box he keeps in his closet

HOLY FUCK BOOMERS ARE GODDAMN RETARDED. HAVE YOU HEARD OF ENCRYPTION YOU BRAINDEAD FUCK?

>> No.12811879

>>12811839
Thanks will keep an eye open for them.

>> No.12811892
File: 328 KB, 666x1358, lisa simpson2.jpg [View same] [iqdb] [saucenao] [google]
12811892

>>12811206
silver is a dumb investment when gold is around.

1 gram gold = 43 USD, 1 gram silver = 0.5 USD

you need 86 times more storage space (at least in terms of weight) to store the same amount of value.

btw if you just buy a piece of paper that says you "own" gold/silver held by someone else you are even dumber

>> No.12811908

>>12811892
If you don't hold it, you don't own it.

>> No.12811924
File: 69 KB, 640x427, 32857677483_2cebb48d62_z.jpg [View same] [iqdb] [saucenao] [google]
12811924

>>12811206
If we ever get to the point where the dollar "fails" in America only one form of currency is going to matter.

>> No.12811939

>>12811892
>actually complaining that silver is so cheap that one runs out of storage space

Wow, just wow. You have no idea, do you

>> No.12812026

>>12811939
They are a BSV supporter. pretty obvious they are t. nopants

>> No.12812074
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12812074

>>12811939
say you want 25 thousand USD of silver.
that's 50 kg silver.
the volume of 50 kg silver is 4.7 liters.
compare this to 25 thousand USD of gold, 0.581 kg = 0.03 liters.

so storing silver compared to gold is clearly more of a hassle but so is selling it. shipping 50 kg is more difficult than shipping not even 1 kg.

hoarding silver doesn't make sense when it's possible to hoard gold

>> No.12812158
File: 69 KB, 1842x1036, alexandria_ocasio-cortez.jpg [View same] [iqdb] [saucenao] [google]
12812158

Wouldn't all that gold and silver people are holding in their homes that's just sitting there be better used fighting global poverty and climate change?

>> No.12812192

>>12811924
And it won't be ammo. It'll be cigarettes, booze, tools, machinery, and food.

>> No.12812239

>>12812192
toilet paper
bic lighters

>> No.12812298

>>12812074
you're still assuming they are going to keep the current price ratio. you are wrong. look at the historical charts and see how expensive silver can get. and that was before industrial demand outpaced mining supply, which has now been the case for a few years and is likely to intensify.

>> No.12812304

>>12812074
Your logic is flawed. The people that are stacking silver currently are doing so because of the significant rise in demand and the suppressed price. Silver is set to outperform gold by 10X the next run. Unless you hate money you should be stacking 10-1 silver to gold minimum.

>> No.12812341

>>12811689
You wouldn't happen to be from Arizona or somewhere close like that would you? I recognise the handwriting on the Morgan silver dollar, I had a lot of coins packaged the same way with the same handwriting.

>> No.12812394
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12812394

>>12812192
Well I'm going to be bringing my gun and ammo to the negotiating table and you'll be bringing all those things you mentioned and we'll see how things turn out.

>> No.12812422

>>12812192
and with my guns and ammo I'll be confiscating your supply of all of the above if you're lucky. I'll shoot you through your fat fugly skull, rape your wife, then confiscate them if you're not so lucky.

>> No.12812492
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12812492

>>12812298
>>12812304
well, i don't know anything about the future. if the price ratio somehow changed in favor of silver my rationale goes out the window of course.

>> No.12812518

>>12811689
Insecure poor people strike out at everyone they envy.

>> No.12812547
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12812547

>>12812341
Pretty far from Arizona

>> No.12812568
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12812568

>>12811689
Oh yeah, almost forgot. You need to melt down and separate the metals into pure gold and silver or else it's completely trust based. You could be hoarding 1% of the value you think you have. I wouldn't trust just weighing the stuff.

>> No.12812608

>>12812394
>>12812422
>t. niggers
I know you iii% types. no regard for fellow countryman or community.

>> No.12812670

>>12812394
>>12812422
>hurr durr ima just take all yo shit
That's how you get lynched faggot. There won't be a trial for you. I live in a societized community not chiraq.
If that's your plan in economic collapse you won't make it.

>> No.12812691

>>12811206
Silver never made more sense

>> No.12812753

>>12812608
Of course I care about my countryman and community, all of my friends and family will be with me looting your shiny rocks after I put a bullet in your head.

>> No.12812763

>Shit hits the fan
>Panic everywhere
>After a couple of days groups of niggers start to raid and cannibalize
>No problem, I'm just going to take my silver coins and I will buy whatever I need from these nice people
>Get killed and eaten

Silver is a nice thing to have ON TOP of guns, lots of ammo, meds, hygiene stuff, food.
Silver alone does nothing. You will die in the first week.

>> No.12812765

>>12812608
>>12812670
Guns are are the modern force that keeps civilization together and only the worthless and weak fear them so you deserve whats coming to you. Go back to your commie hellholes in South America, they have that "gunless" paradise you so long for. Venezuela will be needing the extra meat for their pots soon enough.

>> No.12812788

>>12811924
It's good to have a couple guns and ammo for them but why do people think the world is going to be a call of duty deathmatch if currency fails?

>> No.12812819

>>12812765
B&R

>> No.12812832

>>12812788
Because the currency failing implies that the government is also failing, which typically is very bad.

>> No.12812891

>>12811498
SHUT THE FUCK UP BOOMER

>> No.12812892

>>12811206
holy fuck that was the dumbest fucking thing I ready today and somebody was shilling fun coin earlier.

also half of the people in here have fell for the i HaTe JeWs meme. This isn't the middle ages where we call banking and interest rates usury and hate on people whose dumbfuck religion didn't ban basic economic practices. This board is literally dedicated to business & finance yet there are fucking neets who want to mongoloid rage on jews about inflation and stealing our money. How does any of that even make sense, I'm on a board hoping to make more money and be financially savvy yet let me fabricate this stereotype about a group of people whom i imagine as having more money and are more financially savvy then rage about them. It's the most ass backwards shit eating logic I've seen here.

You're all fucking neets who have shit in the streets of biz for so long that we can no longer even travel around it. no wonder this board is basically dead.

>> No.12812990

>>12812765
society and socialization exists prior to and outside the state or threat of violence. you are in for a rude awakening when you and your entire family gets lynched when you exhibit the anti-social behavior after the state's collapse. By the way, I am a right wing political dissident. I own guns because of cognitive peasants like you who would just as soon shoot someone like me as the left-wing boogeyman.

>> No.12813014

>>12812832
I understand that. But people arent going to start ventilating each other on site.

>> No.12813041

>>12812765
Holy christ are you dense. I said ammo won't be currency. It's not like people will need it on the daily.
No one said we need a gunless paradise, but if you think you'll need more than 100 rounds you're off your rocker.
>>12812753
>My plan is to make a gang. Then I can finally become king nigger.
Nice LARP. Never going to make it.

>> No.12813112

>>12813014
>But people arent going to start ventilating each other on site.
When they're desperate, the only thing preventing this is fear of the police and the army. If those have collapsed, then we're a-go for a temporary societal reorganization formed from gangs and militias. I believe big militias will form very fast though and implement some form of order. Primarily run by former army men.

>> No.12813121

Some places might be lawless for quite some time, however. Like poor suburbs.

>> No.12813173

>>12811498
SHUT THE FUCK UP BOOMER

>> No.12813183

>>12812892
All those words, and not one counter-point.

>> No.12813189

>>12812763
>living anywhere near niggers

>> No.12813211

>>12812892
The jew cries out in pain as it strikes you

>> No.12813227

>>12812192
water > food > guns and ammo. The rest is controlled by those 3. This is not up for debate it is fact.

>> No.12813424

>>12811498
SHUT THE FUCK UP BOOMER

>> No.12813494

>>12811502
>not buying from online sellers that offer free shipping over $99 and fully insured

>> No.12813510

>>12811324

will /biz/ let me know when that happens?

>> No.12813514
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12813514

>> No.12813585
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12813585

>it’s another fallout fantasy

>> No.12813625
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12813625

>>12811227
>>12811324
I liquidated by position in Gold when I heard about this.

>> No.12813788

>>12813183
point:jews are responsible for *insert some financial trope*

counter point 1: you're on a board for *insert previously used financial trope*, this counter intuitive and hypocritical.

counter point 2: 99% of *insert financial trope previously used* against jews only exist because basic economics was banned by Christians and Pagans in the middle ages since it didn't involve hard labor which was necessary for survival by most humans. literal Mongoloids.

counter point 3: You're saying *insert financial trope* against jews as a deflection from your shitty life. You fell for the meme.

you're a fucking idiot. Your entire life is most likely the result of cognitive dissonance in reaction to your dumb fucking decisions.

>> No.12813801

>>12811498
SHUT THE FUCK UP BOOMER

>> No.12813821

>>12812394
pro tip: you make kero from plastic by distilling it

>> No.12813852

>>12813788
>|
>|>
>|
>|3

>> No.12813929
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12813929

>>12813852
https://www.urbandictionary.com/define.php?term=reddit%20spacing

you're not an old fag you fucking neet, go shit in the street some more

>> No.12813949

>>12812892
>basic economic practices
You mean bailing out over leveraged banks with money extorted from the people?
Repent or you're not going to make it.

>> No.12813961

>>12812304
Based and redpilled.

>> No.12814026

>>12813929
You seem irrationally sensitive about a certain topic. Perhaps you should seek professional advice.

>> No.12814027

>>12813949
extortion and usury are not the same thing. Christians and Muslims extort their followers do such things as common practice.

>> No.12814034

>>12814026
my link stays stinky you dumb neet.

>> No.12814179

Let me get this straight OP. Centralized governments will collapse because their currencies will totally fail. Upon this massive failure there will still be a market for silver, and the price of silver will skyrocket compared to its current valuation in the current market. Upon this massive collapse of law and order which also involves the collapse of governments who protect trade and infrastructure because they stand to gain from it. So in this time of panic and fucking chaos you're saying that silver will skyrocket in price compared to say food and potable water because people will want to buy shiny metal that they cannot eat or drink. They will do this because silver used to be used as currency in bygone eras. Nevermind that at one point silver was scarce because the new world, where much of it is mined, hadn't been discovered yet. Nevermind that it's price as the more precious metal flip-flopped with the price of gold. Nevermind that most people are going to be more worried about banditry and growing crops. Silver is how to make gains when the monetary system totally collapses.

Do I have your assertion about right?

>> No.12814234

>>12811498
Funniest post I’ve seen all week

Would rep irl/10

That being said press “S” to spit on ZOoMers with no silver
SSSSSSSS

>> No.12814244
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12814244

>>12814179
I interpret his assertion more as when people lose faith in their local fiat currency (which historically has happened with every single fiat currency at some point) people will seek a currency backed by hard assets which have traditionally been used as currency. When, not if, that eventual revaluation of fiat currency occurs, those hard assets will, at the very least, retain their value in “real” terms.

>> No.12814245

>>12811806
The irony of posting this from a device that heavily uses silver...

>> No.12814252

>>12812192
Actually it would be women.

In the balkan wars women were by far the most valuable form of currency per unit mass

>> No.12814311

>>12812788
Because the people who haven’t saved for the winter (scarcity of food, water, etc) will quickly try to take from those who saved. After 3 days with no food, how do you think people will react?

>> No.12814381

>>12814252
I’ll trade a brand new bic lighter for two hours with your woman.

>> No.12814497
File: 116 KB, 960x960, fedreserve.jpg [View same] [iqdb] [saucenao] [google]
12814497

>>12811498
The Jews that own you don't seem to think shiny rocks have no value.

>> No.12814499

>>12812394
>>12812422
you niggers with your looting larps get back to /pol/

>> No.12814510

>>12811689
>autistically taking pictures of daddy's tangible assets

>> No.12814711
File: 2.53 MB, 4000x3000, IMG_0284.jpg [View same] [iqdb] [saucenao] [google]
12814711

>>12814510
Lest I forget my latest acquisition.

>> No.12814745

>>12814711
cringe
no one cares about you, kid.

>> No.12814748

>>12812892
Happy Hanukkah!

>> No.12814755
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12814755

>>12811924
It will be seeds so that farmers can grow corn again

>> No.12814795

>>12814244

I don't. I interpret his assertion as shilling an actively traded commodity.

>> No.12814801

>>12814755

Hey. Don't spoil it for that guy.

>> No.12814804

>>12814510
nah its genuinely some 35yo boomer who has a beanie babies tier fetish for gold and silver coins

>> No.12814830

>>12812892
>This isn't the middle ages where we call banking and interest rates usury and hate on people whose dumbfuck religion didn't ban basic economic practices.
Actually, there's even more reason to hate banks now because they are in a legally and structurally privileged position to exploit the creation of de facto new money for their own gain, seeking rent on the entire economy in the process. Back in the middle ages, jews that just did private banking literally did nothing wrong. Modern banks are profiteers of a state enforced system of non-avoidable rent seeking. DeFi and blockchain might change this, but probably not unless there is a collapse of the current order first.

>> No.12814854

>>12811498

SHUT THE FUCK UP BOOMER

>> No.12814889

why are you shilling precious metals when they're almost about to crash

>> No.12814918
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12814918

>> No.12815250
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12815250

>>12814889
>about to crash

>> No.12815349

>>12811498

The crypto infrastructure adoption is too low and too many old people are still alive for crypto to really take off as a monetary replacement. Metals are still a good buy at this time.

>> No.12815374

>>12815349
>t. smol manlet who will never make it

>>12811498
SHUT THE FUCK UP BOOMER

>> No.12815398

>>12814027
Extorting money = taxes

>> No.12815417

>>12811689
what year ranges are silver quarters ?

>> No.12815426

>>12814711
hahaha a fucking leaf

>> No.12815456

>>12811498
SHUT THE FUCK UP BOOMER

>> No.12816087

>>12811498
Hey weren't you kids the same youngfagas that told people to hold bitcoin before it crashed? Maybe I should buy some silver.

>> No.12816103

>>12811498
SHUT THE FUCK UP BOOMER
Day of the Recliner soon

>> No.12816173

>>12811498

SHUT THE FUCK UP BOOMER

>> No.12816222

>>12811206
when shit really hits the fan none of that bullshit money will matter only resources.

>> No.12816523
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12816523

>>12811498
>SHUT THE FUCK UP BOOMER

>> No.12816584

>>12811689
Nice