Just loaded up.

[Anonymous No.17490350]

Bix Weir says buy silver, I just backed the truck up. So nice to buy this dip.

[Anonymous No.17490457]

Hahaha

[Anonymous No.17490486]

>>17490350

[The Devil !!y9pM1O7kKh0 No.17490532]

>>17490350
Sucks I haven't been working these last 2 weeks and I'm not selling LINK right now, i could only buy like 22$ worth of silver in this dip.

[Anonymous No.17490549]

>Bix Weir
more like Bix Nood

[Anonymous No.17490638]

JP Morgan owns the most silver in the world and they are also the biggest silver short every year along with Scotia bank (all this data is public literally just look it up). They keep the price down so they can keep accumulating. Buy silver now before they let it moon.

[Anonymous No.17490816]

>>17490486
>100 oz Johnson Matthey's

Boomers always have the best taste in silver.

[Anonymous No.17490831]

>>17490350
Post picture of Biz Weir wife

[Anonymous No.17490889]

>>17490638
JP morgan owns all that silver because they are the custodian of the iShares SLV ETF; they are required to have it (and to increase their holdings) in order to function and grow. They are shorting as a hedge in case the price goes down.

>>17490350
Silver isn't a great hedge against collapse. Look what happened to the price in the last three days. For every tick up you would expect due to the world falling apart, it goes down 2 ticks because the collapse also remove most of silvers industrial utility.

[Anonymous No.17491017]

>>17490889
Does that incentivize JP Morgan to never let silver price rise? Genuine question

[Anonymous No.17491143]

>>17491017
No, they are in a price-neutral sort of place. They buy the silver, then hedge it 1 to 1. If the price goes up, they're even; if the price goes down; they're even. Then they just make piles of cash for running the ETF.

It's the same thing market makers** will do with stocks. There's a concept called the conversion/reversal that allows you create a price-neutral combination of stock and options that allow them to sell or buy at will while having zero risk.

** Market Makers... regulated markets have entities called "market makers" who act as price stabilizers by always being willing to buy and sell any stock. it prevents wild price swings like you see in crypto. Since they have to be able to stay in business both buying and selling all the time, they use conversion/reversal as a method to be able to either buy or sell risk free, earning their real money from the service.

[Anonymous No.17491825]

>>17490889
it's a pullback before the sovereign debt crisis. everyone forgot about the PIGS (portugal, italy, greece, spain)...also brexit signals start of EU breakup. also look into deustche bank it's at least 10X bigger than lehman. this is the big one and silver is definitely a good hedge against fiat currency hyperinflation as governments will print to pay debts and cover social welfare payments.

this is the cheapest silver has ever been relative to other items. a movie ticket right now costs about as much as 1 oz silver. think about that.

[Anonymous No.17491843]

>>17491825
one last thing i am a poorfag who buys groceries from places like Aldi and "grocery outlet". just one trip of buying basic necessities like meat and milk will run me around $20 and that's not even enough for the whole week. silver is extremely cheap at these prices. if you don't want to buy, don't and just stfu already.

[Anonymous No.17491992]

>>17491843
The whole purpose of threads is discussion. If you only want to hear one side of any topic, maybe you're in the wrong place.

As far as this goes >>17491825

The only sovereign debt crisis I would care about would be the United States and the USD.

but if that were to happen (and I mean REALLY happen), it would be end of the world as we know it. Everyone knows this, which is why anyone with a vested interest in the world not exploding would be willing to do nearly anything to prevent it from happening.

Do you think that organized society is just going to stand by and do nothing while the world collapses around them? I highly doubt that.

[Anonymous No.17492083]

>>17491992
ok reddit spacing

[Anonymous No.17492109]

>>17490350
Bix Weir is a lunatic

[Anonymous No.17492730]

>>17491143
Noob question as all I know is crypto. How do they make money from running the ETF?

[Anonymous No.17492768]

>>17492730
what is MER?

[Anonymous No.17493101]

>>17492768
Thanks I didn’t know, I’m a noob. I might hop in on spxs

[The Devil !!y9pM1O7kKh0 No.17493156]

>>17492109
He related to bob weir from the grateful dead?

[Anonymous No.17493828]

>>17491992
Do you not recommend silver? How about gold?

[Anonymous No.17494724]

Im scared to hold a bunch of fiat right now, should I dive into gold and silver?
I think the purchasing power of our fiat currencies is about to get obliterated.

[Anonymous No.17494912]

>>17490889
We’re going to have a global Venezuela, Anon

[Anonymous No.17495852]

>>17491992
>>17491143
>>17490889
we need more of you in silver threads. I didn't think of the JP Morgan paper shorts/physical holdings as a hedge.

[Anonymous No.17496220]

>>17495852
Nice try schlomo
>JP Morgan isn't corrupt I swear!
>they just make a little on the side from the transactions!

[Anonymous No.17496379]

>>17490350
If you like buying silver now you’ll LOVE buying it below ten dollars on its way bay to five!

[Anonymous No.17496447]

SILVER IS TRASH
56% is beign used in industrial goods. market crashes silver likely crashes as well. muh hedge against fiat . f retards

[Anonymous No.17496488]

>>17490350
Been there done that then sold all but a safe minimum
1 reason:
up to 10% - 20% seller fees and then up to 10% buyer fee. (Shipping may be extra)
Buy at $17/oz plus 15% $2.55 oz fee - total $19.55
Sell at $34/oz. less $5.10/oz fee - total $28.90
You make $8.35/oz plus s/h
I offered my numbers. Even if I went to brick and mortar gold buyers I paid 15% minimum

[Anonymous No.17496512]

>>17490350
Silver and gold are 100% worthless. Do you know where they come from? The death of a dying star. When a star explodes, it's atoms are compressed and shot out into young solar systems. This means that they are not minerals, but perfect carbon-free metals. Carbon-free metals are the most common substance in the universe, making gold and silver worth as much as a piece of plastic in a universal realm. Silver and gold supply are tightly controlled just as diamonds, to give the illusion it's rare and worth something. This was only done to bring in a world of fiat 'backed' by 'precious metals'. After the gold standard was removed, the mission was completed. Not only did they fool the world to bring in fiat as long as it was backed by something thought to be 'valuable', they also have fooled people into believe it's still 'valuable' while they print as much fiat to keep control of the world. If humanity ever becomes inter-planetary, you will learn real quick there is more silver and gold than there is oxygen. NASA helps keep this gold and silver scam going to limit are perception of what is on other worlds.

[Anonymous No.17496542]

>>17490350
Man fuck Bix, he promoted SALT token and Veritaseum. He just makes this shit up as he goes along. Buying silver isn't necessarily a horrible idea, but it's don't do it just because Bix says so.

[Anonymous No.17496670]

>>17496512
Bro that's all good and well but when was the last major space mission? When was the last time we've been to the moon?

[Anonymous No.17496697]

>>17496488
Buy from regular reliable people off eBay and make sure it doesnt say 100 mills.

[Anonymous No.17496811]

>>17496512
>if humanity ever becomes interplanetary

wtf are you on. that won't happen anytime soon if even in our lifetimes. meanwhile, silver is an essential metal used in every single piece of technology that is developed. every single cruise missile that explodes vaporizes almost a monster box worth of silver. every phone you see on the street has 1-2g of silver in it, most likely never to be recovered. i don't know when but one of these days we will hit a supply squeeze and silver will explode in value.

[Anonymous No.17497223]

>>17490350
So you're gonna buy silver right stock market crashes what do you plan to do with your silver? Admire how you bought all that silver when the stock market crashes and paper money becomes useless.

[Anonymous No.17497647]

>>17496512
This is funny because its unironically true, but about 500-1000 years too soon. Anon how fucking high are you?

[Anonymous No.17498023]

>>17491992
That's hyperbolic. The use of the dollar as global currency is relatively new. It wouldn't be the end of the world. Just difficult time until we go back to a standard like gold and silver.

Gold only used to be 35/oz until we left the gold standard.

[Anonymous No.17498135]

>>17491992
dude, GBP was world reserve until bretton woods unseated it. USD may be able to prolong its status as world reserve due to the lack of a credible successor at this point, but its end is definitely coming. there just might be another agreement to peg the usd to gold or some shit. i honestly don't see some mythical 1000 year reich happening for the usd the way many people think it's going to be.

[Anonymous No.17498165]

>>17496512
fuking brainlet. we will have 5 billion niggers by 2100, do you think we are ever going to another planet?

[The Devil !!y9pM1O7kKh0 No.17498210]

>>17498135
1 world currency coming soon.

[Anonymous No.17498417]

Retard here. How does investing in silver actually work? Do you just buy in then sell it all when you retire? Or are you meant to sell it when it starts climbing?

[Anonymous No.17498483]

>>17498417
you buy it when its cheap, and sell it when its not. if you bought right now and it doubles in the next 5 years, thats a 20% apr

[Anonymous No.17498514]

>>17498417
You are buying with the assumption that silver will maintain its value. You can speculate that silver will increase in value, but the right mental mindset is to go long with metals. There isn't much play in the metals market for you to make easy quick money. Plus because it's a physical asset you have to deal with added costs.Don't buy silver if the price is greater than 3% above spot price.

[Anonymous No.17498550]

>>17498483
>>17498417
The problem with this is the assumption that it will double. We don't really know if that's true. What we do know is that silver jumped up after the 08 financial crisis and that the same problems in the market exist today. You could speculate on that, but it's not a certainty.

That being said, I have about 100 oz of silver right now and would probably cash out some of silver hit previous highs. I'll hold on to my gold.

[Anonymous No.17498576]

>>17498550
I just spent some time looking at gold prices leading up to 11 and it's pretty interesting. You see these real steady rises in price and sharp drops all the way to record highs. Metals are prone to people cashing out. So be wary of drastic drops and don't think you can time anything.

[Anonymous No.17498588]

>>17498550
I'm playing the G/S ratio game. Once it hits 60:1, I'll swap 1/3 of my silver for gold. Then if it keeps going down I'll swap more.

[Anonymous No.17498640]

Why does everyone have to make fun of me for buying bars over coins. I only buy 1oz bars anyway. Am I really shooting myself in the foot that hard for doing so?

[Anonymous No.17498762]

Seriously guys, I really don't like coins. Bars are more aesthetic and to the fucking point.

[Anonymous No.17498820]

>>17498588
>the G/S ratio game
I saw that it was at 95 today and that is making me want to buy some silver, if only to swap it for gold at a later date.

[Anonymous No.17498958]

>>17490350
late to the party as usual. grats on no longer being a nometal

[Anonymous No.17499005]

>>17498640
the presumption is they are filled with nonsilver, so alot of people don't like them. You should probably be fine, but if you are buying 1oz at a time you should probably do maples or eagles or whatever is near and dear to your location. Also just buy slv until you have enough to bulk buy.

[Anonymous No.17499087]

Mike Maloney can't contain his glee.

https://www.youtube.com/watch?v=HSNK4MlHqwA

[Anonymous No.17499185]

>>17499087
Mike does not look good in this video. Nigga look like he got that aids or something.
I have trouble trusting dudes like Mike or Schiff who sell PMs. People like Rickards and Grant Williams make a better case for PMs and they don't have the stigma of profiting directly from my decision to buy.

[Anonymous No.17499255]

>>17499185
>Mike does not look
That's what I was thinking when I watched this shit earlier. At least it's not just me. He seems happy, but goddamn. I thought maybe he was just getting old and I haven't been paying attention.

[Anonymous No.17499309]

>>17499087
That looks like cancer. I'm not kidding. I watched my father and a good friend of mine die from that shit and that's the look they had on their face when it started going toward the end.

[Anonymous No.17499433]

>>17499309
NOOOO STOP WE NEED MALONEY-CHAN

[Anonymous No.17499461]

>>17499309
>>17499433
Fucking sad if true, bros.

[Anonymous No.17499520]

>>17498820
The only problem I think I'll run into with my strategy is that when the ratio closes, the prices on both are gonna tank with the rest of the market through to next 7-8 months. Silver performs at higher % in a bull run, which I think is coming sometime December this year. So it's hard to play the ratio game when both prices are dropping, and if silver hits it's high in price before gold, like in 2011, after that ratio already closed, you may fuck yourself by switching over to gold before the rocket takes off. You'll still make a profit regardless, but silver is so undervalued as of now. You just have to wait to see which metal strikes ignition first, but don't expect to see that until war declarations are made after the kikes make people suffer through 10-11 months of hard deflation mixed with stagflation. It also depends if the FED can bail out the markets, they can't even control interest rates now. Fear is rampant so this might eventually lead to gold taking off. IDK, so much fucking shit to keep track of when there's an everything bubble, but don't bet on good news from here on out. And (((Corona))) is all bullshit IMO. The city lockdowns are solely because of the economy taking a shit and the ever increasing restlessness of the public against their masters. They HAD to do something but knew they couldn't start a war yet, they probably already tried with Iran, but it wasn't received well at all. Remember that shit RIGHT AFTER NEW YEARS? How convenient. Corona may have been Plan B. Plus Honk Kong was about to boogaloo back in October, again, they had to do something. China probably dumped the virus on themselves if it's real, but it's probably all fake anyway and all the gov's are in on the act to keep the people in fear instead of angry, typical false flag psyops shit. Plus they knew the market was gonna tank so they needed a scapegoat, corona fits right in, look at how they parade that headline. It will be scripted into the history books this way.

[Anonymous No.17499581]

>>17499520
>china corona'd themselves for the lulz, bro it's all a conspiracy

Christ

[Anonymous No.17499609]

>>17499581
China corona'd themselves because they needed something to calm down an angry populace uprising and enforce a police state.

[Anonymous No.17499621]

>>17490350
PM guys I need to warn you.
Look at the chart for 2008. People don't buy gold in a recession. They buy gold AFTER the recession. The only exception to this is a hyperinflationary recession (which admittedly may happen), but understand you are in for another 2-3 year hodl before the moon.
If that works for you, good. If not, then stagger out your buys and look for dips. Don't fomo in.
I'm saying this as someone who has 30% of their portfolio in PMs, just know what you're getting into.

[Anonymous No.17499637]

>>17499609
It's already an authoritarian shithole. They didn't need a virus to suppress plebs. This virus puts them in a much weaker position both economically and politically. Not just domestically but globally as well. Nobody is going to be Chink friendly after this is over.

[Anonymous No.17499673]

>>17499621
>stagger out your buys and look for dips. Don't fomo in.
This is wise advice. FOMO will always F-U.
Precious metals are always a long hodl. See you boys on the other side of fiat!

[Anonymous No.17499827]

Not sure if you dipshits noticed but mid 10$-20$ is major support, there's someone accumulating in this range. Been happening for MONTHS. I just bought a kilo. Like a previous poster here said, my strat is also to exchange it for gold when the gold/silver ration goes down again. That particular ratio is at ATH right now. In other words buy now. If you're scared to buy, thats how you know its time.

[Anonymous No.17500283]

>>17499673
Nothing wise, i’ll hodl not matter what don’t care and don’t even watch the price. All the central banks have the printing presses on full blast and now they’re going to build more printing presses, it’s the only weapon they’ve got.

[Anonymous No.17500476]

>>17498640
Bars can be fun but nobody trusts them.

If you must bar it up, at least go full kilogram or 100oz.

Anything lesser can just be tubes worth of coins. I like ASEs because they have a recoverable premium and are counterfeit-protected by statute.