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/biz/ - Business & Finance

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17771303 No.17771303 [Reply] [Original]

Usually precious metals go up when the market goes down, but they're falling too.

>> No.17771315

>>17771303
Big holders of precious metals need liquidity. Central banks around the world realise that the Dollar matters more.

>> No.17771349

>>17771315
Exactly. First thing people flock to in a recession is cash.

>> No.17771363

>>17771303
>>17771315

This. A lot of people who have gold in their portfolios have to sell it to cover their positions. Gold is taking collateral damage, but it is a 'golden' opportunity to buy in because after a couple of months it'll rebound hard (Look at 2008 crash).

>> No.17771365

>>17771349
Yup, it's why you didn't see gold prices go up during the GFC.

>> No.17771435

is it a good time to buy gold?

>> No.17771436

>>17771303
Gold goes down in a deflationary market, all asset s do

>> No.17771490

>>17771303
They go down during recession historically.

>> No.17771523

>>17771490
but they shot up during the 2008 recession. Silver was close to $50

>> No.17771563

>>17771523
LOL

>> No.17771622

>>17771523
Are you from another timeline?

>> No.17771636

>>17771435
I’m going to wait until next week. But yes it’s going to be a good time to buy pretty much anything

>> No.17771651

It's all hysteria.

>> No.17771748

>>17771523
>Silver was close to $50

Silver plunged as low as $8 USD in 2008

>> No.17771833

>>17771303
Gold is a hedge against inflation. It rises when the value of currencies fall.

When hard economic times approach central banks print and inject (lend) money. This causes inflation and the price of everything goes up.

This can work if the system can take more debt. If it reaches a point where the credibility of governments, companies and individuals to repay their dues evaporates so does the effectiveness of QE.

The Repo market mess is proof that banks don't trust each others capacity to repay their dues.

>> No.17771918

>>17771748
>>17771636
Would it be better to buy silver if I'm a poorfag?

>> No.17771942

>>17771303
What other anons have said about liquidity, and a lot of margin calls too

>> No.17771976
File: 215 KB, 382x336, 11QE3tR.png [View same] [iqdb] [saucenao] [google]
17771976

ITS OUR TIME BROTHERS
ACCUMULATE WITH YOUR HANDS

>> No.17772779

>>17771303
the dip is boomers selling their long term metal bonds to cover their stonk losses

>> No.17772861

>>17771303
There is a lot of industrial need for metals. Which gives them positive correlation if the industrial bears outnumber the boomer metal hoarders. (Like when the global economy grinds to a halt)

>> No.17773175

>>17771303
This is your dip to buy in on
Silver I mean, 100/1 ratio is literally a no brainer
JPM can't keep it that high once all their staff start dying

>> No.17773227

reliable place to buy gold or silver?

>> No.17773246

>>17771918
Potentially.
Silver is way more volatile than gold, and never has the same growth.

>> No.17773338

>>17773175
Is silver really worth anything?

>> No.17773387

>>17773227
Nowhere.

>> No.17773412

>>17773338
Silver has many real practical uses unlike gold. For example welders use silver a lot.

>> No.17773506

>>17773338
Electric cars are full of silver. Literally every wire connection has silver in it.

See you on the other side of the moon brother. I play the long game.

>> No.17773518

>>17773412
It is also used in many applications, for example in different industries. And it has functional use too since it isn't just money. In some fields, it is being implemented more and more, and that is just one situation. In conclusion, silver has a lot of potential with all its uses.

>> No.17773539

People liquidate to get ready to buy stocks
>BULLISH

>> No.17773579

>>17773227
From an LMBA accredited refinery

>> No.17773642

>>17771303
Because it's a useless lump of metal.

>> No.17773767

>>17771303
If only there was some sort of a central bank that could stabilize the price of precious metals by controlling its supply through direct and indirect means...

>> No.17773905

>>17773642
yep, literally no use case except price go up

>> No.17774115

>>17771490
Shot up in 08. Shot up during the great depression.

Shut up retard.

>> No.17774130

Because money isn't backed by them anymore. They are just a piece of metal LMAO.

>> No.17774176
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17774176

>>17774130
Who is to say we will never go back to asset backed currency?

>> No.17774178

>>17771636
When to buy airline stocks?

>> No.17774234

>>17771303
>usually
Every law in clown finance is a meme, do you realize that?

>> No.17774340

>>17771303
Metals take a hit during market turmoil, they will bounce back so buy now.

>> No.17774583

>>17774115
It shot up in 2007 then dropped in 2008, dumbcunt

>> No.17774638

>>17771748
Why not both?

>> No.17774994

103:1 ratio. It's officially THE WORST TIME IN HISTORY to own silver.

>> No.17775004

>>17773227
Your government’s national mint. A nice bonus is that it’s legal currency as well (although you would be crazy to spend them for their face value rather than their value as metal).

Here in Britain for example you can by gold sovereigns. Pretty much every major country issues similar coins tho, and a lot of them will let you buy interesting historical coins from them too (for example, the South African mint sells historic Kruggerands that used to be illegal in America back in the day).

>> No.17775034

>>17775004
If you think coins are for anoraks you can also buy bars instead usually.

>> No.17775089

>>17774994
You mean the best to buy

>> No.17775091

>>17771303
because china doesn't need them anymore to manufacture electronics.

>> No.17775194
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17775194

these got bats on em

>> No.17775245
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17775245

>>17775194
Sold!

>> No.17775341

>>17773338
Usually loses value during recessions. only went to around $50 in 2011. Really volatile and heavily based in industry demand. I have some 20 oz, but I rather have gold.

>> No.17775361

>>17777777

>> No.17775366

>>17771523
Silver shot up to near $50 in 2011 way after QE was implemented

>> No.17775375
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17775375

>>17774115
LMAO

>> No.17775539

>>17773338
Hundreds of industries use silver. There is potential for silver to catch up to gold.

>> No.17775592

>>17773338
>he doesn't know

https://news.samsung.com/global/samsung-presents-groundbreaking-all-solid-state-battery-technology-to-nature-energy

>> No.17775634

What would a new, gold-backed currency mean for silver?

>> No.17775637
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17775637

>>17775194
For me its coke silver.

>> No.17775738
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17775738

>>17775592

>> No.17776497

>>17771303
YOY CAN’T EAT METALS
YOU CAN’T WIPE YOUR ASS WITH METALS
Come on bro, this is end times. If you haven’t already liquidated and bought into TP bottle water guns ammo dried beans you are going to die of starvation while dehydrated with an unwiped ass.

>> No.17776861

>>17776497
I can trade metals for your mother's t-shirt that I will wipe my ass with.

>> No.17776914

>>17771303
Does it piss anyone else off that all these bars are the same size and weight? Why is /biz/ to retarded to use a real picture.

>> No.17776956

>>17774176
Who controls the money now?
Why would they give up the ability to freely print?
:^)

>> No.17777026
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17777026

>>17771303
WHAT THE FUCK BROS
THIS WASNT SUPPOSED TO HAPPEN IN THE HAPPENING

>> No.17777113

>>17771303
Prices are set largely by people trading, options, futures, CFD's etc, and those people are currently raising cash.
Idk about silver, but gold is still up a lot for the year, and even way more trailing twelve months.
The mad max days of trading gold for ammo have not yet come, and it's fairly unlikely that they will. But you never know..

>> No.17777272

>>17773412
Gold has plenty of practical uses, not as many as silver though

>> No.17777422

FOUR STRAIGHT HOURS OF DOWNWARD PRICE PRESSURE FOR NO FUCKING REASON

>> No.17777477

>>17776914
Them all being exact wight is more annoying.

>> No.17777510

>>17777422
People are selling their paper gold and silver to cover losses.

>> No.17777593

>>17771349
But then when they realize it was a nothing burger they put their money back in investments. What investments will this be? Gold and silver

>> No.17778334

>>17776497
> have beans and guns
> want toilet paper but they have guns too
> if only there was a technology for simplifying the trading and bartering process

>> No.17778425

>>17776497
>He doesn't use a golden toilet with a silver bidet
Ngmi

>> No.17778776

Bought silver at 1000 euros per 2 kg, now its 950.

When will it stop dropping bros? Im buying as much as I can afford.

>> No.17779044

silver isn't dropping in price retards, the USD is getting more expensive
silver costs exactly the same as in january in my country

>> No.17779161

>>17779044
How the fuck is the dollar getting stronger? Didn't the fed just shit $1.5 trillion out of their metaphorical ass the other day. Sometimes I think I just don't know economics anymore.

>> No.17779226

Silver has 20% tax here, what do you think about fractional gold coins for regular buying instead? Can't really afford several krugerrands a month and I want a bit more liquid.

>> No.17779284

>>17779161
oil is down to

>> No.17779768
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17779768

>>17779161
The dollar is a commodity.

>> No.17781155

>>17779161
Economics is a religion and the Economy is a more vengeful and unpredictable god than Yahweh ever was.

>> No.17781481

Metal lacks nutritional value

>> No.17781519

>>17771303
People need cash and sell anything.

>> No.17781676

>>17771303
>smoothbrain scamtraders think PMs getting cheaper is a bad thing
holy shit how retarded, you don't buy PMs to make a quick buck, you buy PMs to have value when shit hits the fan.

>> No.17782205

>>17775637
That man is on the verge of beating his wife

>> No.17782316

>>17779161
It feeds on misery and disease

>> No.17782355

>>17771303
Everyone liquidated all their assets so they could invest in toilet paper.

>> No.17782393

>>17771303
Nope.
Metals fall initially, then they outperform

>> No.17782650

>>17781481
You can eat gold and it is good for you
Silver isn't, it builds up and becomes toxic if you keep eating it

>> No.17782662

Is 6% over spot too much?

>> No.17783130 [DELETED] 

>>17777777

>> No.17783150

>>17779226
>It's a stupid bong episode
Lots of EU dealers sell no vat silver, your only premium is the shipping cost
If you are too dumb to find one I suggest you buy some lucky dip sovereigns because they are tax free, cheap and even the biggest dumbo in the norf can't mess it up

>> No.17784010

>>17782662
Gold or silver?