Fuck crypto, whats the price of gold/silver?

Fuck crypto, whats the price of gold/silver?

Attached: download (1).jpg (299x168, 13K)

Other urls found in this thread:

moneymetals.com/precious-metals-charts/silver-price
frbsf.org/education/publications/doctor-econ/2002/january/federal-funds-discount-rate-2001/
forbes.com/sites/trevornace/2017/09/15/771-trillion-worth-gold-hidden-ocean/
twitter.com/SFWRedditVideos

6417 usd right now

Top Kek

Gold and silver is real money... never forget that user.

When the currency crisis hits and we have the mother of all deflationary collapses of all asset prices....... gold will have to be revalued multiple times higher than it is today to purge all the debt from the system.

Then when an avg US home is going for 25k 1 or 2 gold coins (converted o the new currency) will buy you a home outright

exactly my reasoning
right now silver is about $500, which won't take long to save up so I can buy a bunch and chip of some whenever I need it

Already mooned 600% between 2001 and 2011.

Went sideways for a year, then crashed 30% (gold) and almost 70% (silver) and has done nothing but go sideways since.

This is pure gold.

>buying boomer rocks

why do you hate making money?

The question is why you prefer silver over gold?

cheaper and easier to find right now

>right now silver is about $500
wat?

moneymetals.com/precious-metals-charts/silver-price

I went to check too.

That would have been one hell of a candle.

going down also

Kek

what special retard refers to kg price of gold and silver?

>buying gold in a bear market.
Kek.

Never gonna make it.

Attached: MUH GOLD.png (1469x873, 87K)

Can anyone tell me why gold had such an rise beginning with 2002?

by the way, I'm buying my first silver coins today, throwing ~300$ at it for my first purchase.

Fed low interest rates. This is what also spurred the rise in housing prices as well as other commodities.

frbsf.org/education/publications/doctor-econ/2002/january/federal-funds-discount-rate-2001/

So if I overlay that stupid "Wall Street cheat Sheet" over the gold graph, whe should be in complacency right now and should have our lowest low in around 2022 (hey that's TA (me is smart))

jokes aside, thanks for the info

Remember user.... gold ONLY tracks how unstable, volatile, and lack of store of value the dollar is.

A gold ounce 800 years ago is still that same gold ounce today. Doesn't matter if the dollar exists or not.

You buy gold not to get back more worthless fiat. You buy gold because it is real money and real wealth and real savings and you want money and wealth for when fiat collapses. And that's when the real transfer of wealth happens.

Remember.... a silver piece the size of a silver dime or Roman denarius has been a days wage for milennia.

Think about that.... so a typical useless wager selling insurance makes say 150$/day. Which equals about 10 ounces of silver. Typically it would have taken 140 days to earn those 10 ounces of silver. Since 14 silver dimes equals 1 ounce.

So if you go out and buy say 500 ounces of silver for a mere 7k right now... you will have literally generational wealth when fiat collapses. You'll have like 30 years of days wages.

Because it will actually turn out to be 3-4 days of work will equal a silver dime (converted to the new currency of course) because there is so much less silver available today and billions more people on the planet.

your telling me were going back to stone age and get our wage in silver dimes

fucking lmao

I'm buying silver now not for huge gains after I sell for fiat but for possible SHTF moments.
To have something that has some actual value.
Something to trade for if money is shit or there is no electricity and people can't buy shit (since we are forced to an cashless society).
Silver(and gold) will always buy me some stuff, no matter what.

no he is not

Just spend the $60 and buy a roll of 50 mercury dimes. Worst case scenario (never going to happen) the price of silver goes to 0 and you still have $5 worth of dimes. Best case scenario you have 2 1/2 months worth of wages saved up while your neighbors have worthless paper fiat and nothing else.

>gold/silver?
Poison heavy metalls?

If you read what I said i said the equivalent of that in the new currency. Of course we aren't going back to buying shit with coins but when fiat implodes there will need to be a baseline for money and it will be gold and silver

Gold being a store of value is a meme. Even precious metals have their own bubbles/booms and busts after the US dollar decoupled from it and became the world currency. Just look at the chart .

but you can still buy stuff with it.

Yeah gold as a store of value as a meme....

It's only been money for millenia

And the primary function of money is to MEASURE VALUE for goods exchanged for it and it does that as well today as it did 2,500 years ago, despite being de-monetized by govts

>It's only been money for millenia
So were feathers.
So were tally sticks.
So was salt.
So were precious stones.

It seems you forgot the very basic definition of money. Money doesn't have to be a store of value, it can be anything as long as it is used a medium of exchange by respective parties. Just because you repeat what Peter Schiff says doesn't make him or you any more right. He's also a jew gold merchant who just happens to sell gold and hype it up. What are the odds of a gold merchant hyping up and marketing his products, eh?

And you can also buy stuff with paper. Doesn't mean anything does it?

Attached: pqafkb6d9ba01.jpg (645x729, 49K)

>feathers
>sticks
>salt
>stones

In other words, shit currencies eventually become worth their intrinsic value, 0. Digital paper money is next on your list.

>shit currencies eventually become worth their intrinsic value
By your logic, gold too has suffered the same fate as it's not used as money anymore.

Funny how that compares to crypto so well...it's almost like the charts are exactly the same just slower on pms...

Listen retards, all competition to the dollar is being actively suppressed by the banking cartel. All of you are wondering why gold silver crypto are in a bear market...and they all have exactly the same charts, just different time scales.

Look here and educate yourselves. The silver moon will be EPIC

Attached: T6m2q2T.jpg (800x1500, 178K)

Not used as money yet still has and will continue to have value. How much value do Zimbabwe 100 Trillion Dollar bills have now that it's no longer money?

By your own definition silver and other competition to the dollar will not rise so why claim silver will moon?

Listen to . All doomsday idiots has been fed the same (retarded) narrative without doing a shred of their own research why the monetary system evolved as it did.
Keeping buying your shiny rocks, their "store of value" is laughable as well as T-bonds and Index stocks have performed astronomically better over the last 200 years.

> why the monetary system evolved as it did
So the FED can be created who can print money out of thin air which basically hasn't any real value now since it can be printed forever?

>you can buy stuff with paper
Ask greece and venezuela

Just to add one more thing, I just purchaserd my first 15 silver coins, so you faccots can hate me now with full force.

about to be a lot less

Brainwashed as fuck. Fiat currencies are coming and going, the dollar wont be different from that

>Ask greece and venezuela
Which is the point genius. Just because you can buy this thing with something doesn't mean a goddamn thing. Here's the thing, gold is VERY abundant on Earth. The problem is extracting it efficiently with lower costs:

forbes.com/sites/trevornace/2017/09/15/771-trillion-worth-gold-hidden-ocean/

Gold could literally become abundant and flood the supply on Earth once we figure out how to get the miniscule amounts found in the ocean and dumbasses like you who swallowed Schiff's marketing BS would still scream "MUH STORE OF VALUE" even if the value literally evaporates overnight.

>I just purchaserd my first 15 silver coins, so you faccots can hate me now with full force.
I don't hate you, I pity you. You swallowed a jew gold merchant's marketing and hype and now you think gold is the greatest thing on Earth. Many forms and mediums have been used as money throughout the ages, but somehow you forgot about them when making the case for your shiny metals.

Maybe metals will dip a little further but once the stocks market takes a dive prices will go up for sure. Just have to wait for democrats to fuck things up next election

look at a fucking chart faggot
ive told you retarded goldbugs this for months now
metals crash w the market because the dollar moons

you buy metals at the beginning of the recession when FED reverts monetary policy back to QE. sell before recession ends

> and now you think gold is the greatest thing on Earth
No I don't.
I have my worth in fiat, crypto, and now (at the moment very little) in PM.
In the future maybe some stocks too.

Everyone of these things can be worthless overnight.
So what should I do? Be the good goy and keep it fiat only?
The last thing I do is trusting banks and big institutions.
Have some of my worth in something physical that I at least really can posses and trade with, isn't a stupid idea for me.

Nice, just bought 100k salt.

Attached: _PJSalt.gif (340x192, 173K)

Dude when you buy fucking stocks you are doing so for a completely different reason than when you buy gold.

Gold is real fucking wealth. Nobody is saying to not invest to get more fiat....

But when the dollar implodes all your fucking dollar denominated investments are going to be fucked. You need to be putting fiat gains into real money gold and silver to protect your investments.

Gold has been money for 5,000 years and is the ultimate store of value. The stock market has been around for like 120 years.

So your comparing gold which is real wealth to the performance of the stock market which has only been around 120 years.

Your comparing apples to fucking oranges.

Why do you give such a damn what other people spend their money on? And further more why do you give a fuck if I or any body else makes or loses money?

fine ill just tell you what you wanna hear

buy gold today and hold indefinitely

that better?

the real reason is i know people and families who were fucking destroyed and never recovered from poorly timing the incredibly manipulated metals makets. and by buying in today, you are doing EXACTLY what i saw happen to them

buy metals AFTER the crash and thank me later

It's amazing how stupid some of you are. Gold is NOT an investment. Gold is stored economic energy.

When I buy Amazon stock I'm hoping to get more fiat. When I buy gold I'm buying it because fiat is a scam and I want money and wealth for when paper fails. Then you have a deflationary collapse and can pick up assets for pennies on the dollar.

Nobody buys gold to get back more worthless fiat. If the dollar dissapears from the earth tomorrow my gold and wealth is completely unaffected.

You dumbasses are valuing gold in terms of dollars which is the wrong way to be valuing gold. The dollar value of gold is irrelevant. It's not like gold all of a sudden the became valuable when the dollar was created. In fact it's the opposite GOLD face the dollar its value. You value gold using ratios to other real assets of which it is super undervalued, because of everything being inflated in price by fiat.

It's truly amazing how the new has infected your brain so badly... that you value everything in terms of debt instrument dollars.

It's going to be an overnight revaluation. We will wake up one Monday morning and gold will be like 30k per ounce to purge all the debt from the system that the world is swimming in.

And all prices of golds will be gold prices.

And gold is a store of value.

100 years ago 20$ = 1oz of gold.

20$ was a good weekly salary back then.

Today 20$ barely buys you lunch for two at Taco Bell.... but that gold ounce exchanged for dollars at a coin shop you'll get $1,300 which is STILL a good weekly salary.

So you worked for a week in 1918.... you can take that 20$ you earned in a time machine to 2018 and it doesn't buy you shit today even tho it was a good weekly salary 100 years ago. But if you took that gold ounce with you after working a week in 1918 to 2018 you can still buy the same amo But of shit today that you could have bought 100 years ago.

I have no idea how you people are so fucking dumb. Literally the stupidest fucking people in world history to be anti gold.

It's literally like being anti water

keep telling yourself that m8
the FED will not let go of their favorite scam so easily

and also, you know that the IMF has the lions share of the amount of mined gold and silver, right?
youre trading one central bank for another

And you aren't actually spending money to buy gold.... you actually aren't buying anything. If you take 100k out of the bank and buy gold all up are doing is transferring your wealth into an actual real store of value of which the Jews can't steal your wealth through inflation like they've been doing for 100 years since the fed was created

>the jews
stop trading off of Jow Forums tips m8
youre gonna hurt yourself

but like i said "the jews" own the IMF and they also own most of the metals
fuck, the oppenheimers own a massive amount of the mined gold/silver/plat alone

They don't have to let go of their scams.

Buying gold secures your wealth. You don't need a doomsday scenario to benefit from owning gold.

If you keep 100% under your mattress or in a bank.... 50 years from now it's going to buy you much less than today. If you put that 100$ in gold 50 years from now you'll be able to buy the same amount of 50 years in the future as you can buy today with it

100$

Wtf are you talking about. I just pointed out that 20$ used to be a good weekly salary and today 20$ barely buys you lunch. What's changed????

The Jews stole your wealth that's what's changed

im aware of how inflation works my fren
please, do yourself a favor and look at a chart

And inflation is destruction of wealth.

What chart? I just spoonfed you an example.

100 years ago 20$ = 1oz of gold and 20$ was a good weekly salary.

Today 20$ buys you nothing but that gold ounce 100 years later is still equal to a good weekly salary.

Not sure wtf your brain can't comprehend with that simple basic fucking example

lol

keep an eye on gold and silver for me today m8 ;^)

keep living in your gold bubble old retard

the world is turning digital you c.uck

You guys are retarded, I can’t tell if you are joking or not.

>he thinks he'll make $150/day selling insurance
You're better off doing an mlm fuck that shit

Mustard metal is such a meme

Attached: 8A21ADF0-537A-465D-8876-A04F85448D71.jpg (553x402, 184K)

I don’t trust financial advice people who put currency symbols after the amount

>doesn't realize how much people in sales make
There are salespeople who pull in over a million a year in the right area.

>Whats the price of gold/silver

Still way too high. Historically extremely high even after retracing 30%+. Consider buying if gold is around $700 (inflation adjusted) or silver is below $15 an oz.

the rest of the world

Funny. With all that gold and silver being hawked on Fox News, the price has gone down almost 5$ since last time I checked it a year or two ago.