Talk me out of buying silver

Silver is literally the most undervalued asset on the planet, and will probably be traded at 1k/oz at some point in our lifetimes

Sorry I did my best OP

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I've been thinking about buying, too, but silver has long cycles. Could take decades until it moons again.

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What made it spike anyways?

Silver is a screaming buy right now user

Early adopters.

yeah man, like don;t and shit.

Looks like it's going back to 2008-2009 levels

the only precious metal is gold, and even gold is losing all of its power thanks to all the newer generations only caring about bitcoin's digital gold.

silver is even worse, theres nothing left that makes silver "precious" in the market, its just an old tradition that is already dying out much faster than gold.

it's shit. not liquid, requires insurance if you store it physically and has historically done crap compared to equities and real estate.

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>buy paper silver
>jews exit scam and you lose everything
>buy actual silver
>some nig steals it

toxic heavy metall

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Let me further strengthen your buyer confidence. Silver was always worth 20x less than Gold. Which means it's USD measurement to Gold is almost 4x less than what it should be.

In the earlier 1930's, 20 U.S. Bank Notes purchased 1 oz of Gold, and 20 ounces of Silver

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If that's the case, then Gold will be worth $20,000+ an oz

>Being used at a 200mil deficit /year
>Not precious

I'd do anything to go back to my xanax and dabs daily routine

If the price is bid up supplies are easily replenished, gold has only increased at 2-3% supply during price increases due to its difficulty to mine.

priced in

>Imagine actually believing a silver price increase will result in better mining

Do it pussy.

Just sold 70~ozt of silver on reddit. It's not a good investment, Its fun as a hobby. Put your money in the stock market. Don't get meme'd like I was.

>pic related one of my recent sales.

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what a garbage coin selection

If you want to invest in the metals themeselves. Just buy slv or gld. Don't have to worry about it being stolen, easier to sell, can actually sell in time to take advantage of the volatility. Unless you are a doomsday prepper, or like shiny stuff, or need a fun hobby(I enjoyed my self-doing it, just put too much of my %into it), don't buy physical metals.

None of those are coins besides the Noah's ark coins. It's not a coin unless it has a face value of a soverieng currency. (500 aremenian drams, on the Noah's ark coins)

And the salt water croc.*

its easy as fuck to destroy. Gold not so much, but pretty much any acid will turn silver into other shit. On this note, there are some materials that have reacted with silver to create a byproduct, which still has the silver element in it. It requires a reaction to separate the Ag. Still need to refine afterwards.

Hydrochloric acid will fuck silver but it takes something like aqua regia to dissolve gold.

He doesn’t know you need silver bullets to kill werejews

The dollar's rising in value due to the announced interest rates, which will cause metals to decrease in value or at the very least stagnate in growth.

In all reactions the silver is still present in the byproduct and can be separated.

That defeats the entire purpose that goldbugs buy it for.

If you look at them purely as assets, then you've got a negative roi. You just cuck the shit out of yourself buying nonphysical metal funds. They're all ponzi schemes

The price of silver has been price suppressed for years by the (((PTB))) mostly through manipulating the COMEX futures market. Massive dumping of sell orders, often in the middle of the night, on Globex drive the price down.
The "game" was supposed to end when the COMEX was emptied of its physical vaulted metal by longs seeking redemption of their futures contracts. But then (((they))) utilized the Exchange For Physical (EFP) scam for gold as well as silver. Longs are given a cash kicker (bribe) to transfer their futures contract to London.

This can't last forever. When the scam(s) end, silver (and gold) will go ballistic.

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Yeah, I get the whole phsyical ownership thing. How you can hold it play with it etc.

So what do you end up with (for now, im sure metals are going to go up again...sometime). A piece of gold thats worth less than what you bought it for, but thats ok because you can touch it.

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>international shiny rocks conspiracy
>(((they)))

you seem like a mentally sound and clear-thinking fellow

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>Being an element it can not be created or destroyed without using an enourmous amount of energy.
it can be easily oxidized to effective destruction such that recovering it is more costly than mining new silver

the average 100 year inflation adjusted price of silver is about 5 dollars an ounce

ok op. thats easy. you're one brick of silver will always be one brick of silver. why the fuck would you do something like that. you could start a busines swith that money and in 10 years buy 1000000 bricks of silver.

All I can say about silver that is good is every 15-25 years something happens and everyone flips the absolute fuck out about it. It is a mined commodity that no normal person has the need to have shit tons of ounces of laying around. But it is a useful element in our society. So what happens is supply and demand meet somewhere at like, you are saying, $5 cost adjusted per oz which is probably like $9-$12 right now. And then some bullshit happens like the hunt brothers try to corner the market or some inexplicable silver bullshit like 10 years ago or one of several other times in the last 100 years and silver goes to cost adjusted price of like $75 an oz which would probably be like it going to $50-100 in the future at some point for a few months.

It is almost inevitable that this will happen. So if you can amass a bunch of silver at whatever the boring price is, someday when all the normies freak out again and raid ever pawn shop in town for all their morgans and peace rounds and everyone is buying at $50+ an oz you will have a few months to dump it. This is the play. You just have to remember that you will get caught up in the hype too and DO NOT BUY MORE, star selling when it gets to $40, you won't get the dead high and it will not go to $120 an oz and stay there for years. That just cannot happen.

That's the play, just don't forget the rules or you will somehow parlay this into losing money despite Having a ton of silver at $10/oz and the price going to $40+, I have seen people somehow lose money when this happens

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>muh astroid mining in 5 years

Fucking doomers.

You realize that the pentuim 386 u used to type your dumbass post contains silvet right?

>hold fiat
>mr shekelstein steals your wealth through inflation.

Citation or Proofs needed.

Its a hedge against inflation. Also you have shit silver rounds are are selling at the bottom good job you really are a Jow Forums trader.

Yea because governments manipulating people through assets such as gold and silver has never happened before...

I bought 30k worth of silver instead of bitcoin in 2015
Don't do it

>What made it spike anyways?
Financial crisis has people run to gold and silver. Then afterwards they forget. Then financial crisis again. Rinse and repeat. So sell your minerals when shit it's the fan for maximum profit

>sell at the lowest point
>probably bought it during the 2011 bullrun peak
>all the indicators point toward a moon mission soon
Never change Jow Forums

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i understand this whole thing, but at the same time its been dumped for years now, every time theres a potential breakout it just dumps.

i could overlay the silver chart on top of some real shitcoins. Except they were quick PnDs where as the silver chart goes over 50+ years

>that pic
And they call taxation theft

>scam himself into selling at the lowest point
>shill the COMEX juden paper scam
>for free
user, i.... How to tell you...

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not in your lifetime zoomer

You should have gone 50/50

What's funny is I don't think anyone rose up or freaked out or tried to start an insurrection over that, amazing for the USA that not even one random group of people fought that

It's more liquid than crypto in an apocalypse. You will always have buyers for silver.

Its hilarious. America is the biggest contradiction
>war on terror, actually creates terrorists
>war on drugs, CIA is actually importing drugs
>land of the free, government dispossesses its people of its wealth

if it's the fucking apocalypse why the fuck do i want silver? i can't eat it and it doesn't provide shelter or defense.

you are right but what is beyond funny to me is the gold repossession and transfer to fiat currency thing really did need to happen. Given the resistance in the USA to giving black people rights (which did not happen for another 35 years) and all that shit it is just astounding that happened back then and there was no issue. I find it hard to believe we are not on the gold standard to this day just because reasons.

Maybe people understood this. America owed gold to so many nations they managed to spin patriots into solidarity in protecting their country by handing over gold.
Its surprising how the government turns love for the country into love for the government

no one is going to mine fucking silver in asteroid mining you mong

Even though it's very manipulated, i dont have the time for buying real silver. How bad are the silver funds and leverages really?

Buy USLV and UGLD for the impending market crash

Silver price goes up - they can increase production proportionately more than if Gold goes up. Ergo, silver ownership constitutes an escalating probability of disaster

Rate of return on fiat investments is never, NEVER a guarantee. Fear of locking up money into a physical asset that will ALWAYS be a physical asset, i.e. it will never grow legs and walk away or lose its properties, etc.
Both compliment each other, you shouldn't put all your value into physical assets like gold/silver same was you shouldn't put all of your value into stocks/bonds/derivatives.
Balanced approach is the best way to make sure you don't miss out one way or the other.

It's a free country. Do what you want.

this lol earth is chock full of the crap gold also.

is buying silver eagles on amazon safe?

>terrible investment
>terrible hedge
>only shilled by doomsday manchildren
>richest people in the world dont even have more than 0.1% in metals, because its a joke

Silver is more scarce than gold, and it has an industrial utility (used as wiring in smart phones etc. because it is a better conductor than copper).

Silver is a solid investment, because more electronic will equal higher silver prices.

>terrible investment
No steady growth in recent years, demand has gone down, mine production is the same. Just hopes that its moons. Mostly an industrial metal, so when the market goes down, so does silver.

>terrible hedge.
With the volatility of silver, you never know if it's going to be 8$ on ozt or 20$ an ozt. defiantly not a hedge.

Not so, its done nothing but fall even though electronics keep getting bigger.

Now, of course, realistic expectations, I don't think anyone here thinks silver is going to hit 100$an ozt as the shills push. When I bought it I wanted it to hold its value like they said it *should* do. It hasn't.

macrotrends.net/1470/historical-silver-prices-100-year-chart

Look at this inflation adjusted chart. you mean to tell me that is going to hold its value. Baloney.

Nah, I bought in at 16.50 ozt so my losses were that bad. but I'd be up 5% if I had put my money into SPY, but instead, on this part of my portfolio, I am down 5%.

I don't care for taking delivery of the metals, I already own plenty of things. I don't idolize silver the fact of the matter is that share of SLV is worth just as much as your 1ozt, on paper. But when do you ever Need silver? Never. So that paper ozt is just as good as your phsyical ozt.

..but Peter Schiff has told me that the price of silver and gold is artificially held down by the fiat-mafia; but this will not be something "they" can do indefinitely and soon will we see Silver soar to 200-300 $ an ozt.

why would the fiat people care how much an oz of silver is to the point of spending trillions of dollars somehow keeping the price lower than what it costs to mine it

what is the difference to a fiat person if silver is $9 or $500?

>Silver is more scarce than gold
true but in the earths crust many times more abundant. which is where we mine it mostly.
>Silver is a solid investment
it's only gonna get cheaper for the next 30 years

this logic only works over long periods of time, in this case it could be 50 years before it matters. Even youngfags here can't wait 50 years to double the value of their metal against fiat, that's fucking retarded.

wow what a great investment! It almost beats treasuries as a hedge!!

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LINK $1000 EOY

you mong, when people say it is a hedge against inflation they mean a hedge against rampant crisis inflation not against meme planned inflation.

If the USA started printing money like mad tomorrow and ran inflation into the 20%+ per year range for a few years silver would work as a hedge.

Maybe they should say "insurance against crisis inflation" or something but that's what they mean and I think it's pretty clear from the context that is the case

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In other words, youre a dumbass Doomsday manchild

This is why the entire financial world thinks of you and metals as a joke

Gold is for once you have made your millions OP. You make your millions, you put 20% of it in gold to make it safe, gold will survive collapses and wars n sheit. You aren't going to quote make money buying gold or silver, unless you are in Zimbabwe or some collapse country (and then you still don't quote make money, you just keep your wealth safe, in a collapse)

lol I bought some at $50. Didn't have enough to be rich when it went to $50, but if it had gone to $150 ++ maybe. Too bad. (I was holding some I had bought way less than 50)

this isnt true, the richest people have nearly no metals
If the market collapses so do metals, it has nothing to do with a hedge or investment, its pure speculation

>In other words, youre a dumbass Doomsday manchild
nope i am just tell you what people mean and why you were wrong

>no fiat currency could ever have rampant inflation!
yeah bout that....

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Wrong. Look at Zimbabwe. Current South Africa. War era Yugoslavie. Lot of collapses happened recently, anyone with gold was able to retain 100% of his wealth (whatever was in gold) through each collapse. (if he was able to hold, or flee the country with his gold)

White farmer in South Africa or Zimbabwe? Loses 100% of his land's "value" as the black government takes it. Any South African white with gold, has long since left the country, keeping his wealth intact.

In 1933 the $$ value of gold went UP my friend. From $20 per ounce to $35 I forget someone correct me. This is in the middle of a collapse (those with gold in a bank in USA, their gold was stolen by the US government, replaced with fiat paper at half the value)

>If the market collapses so do metals
um no, maybe copper or tin but not gold and sliver lol!

The real question is what collapses the most. Your metals, your stocks, your shitcoins or your bank account.

>The real question is what collapses the most. Your metals, your stocks, your shitcoins or your bank account.
while we have really come a long way in terms of food grown per acre and how to make enough cloth for everyone and shit like that our derivatives markets and economy and specialization of labor and healthcare costs and how we pay for ins has gotten so convoluted and complex and weird in an untested and unnatural way there is no telling what will cause the next financial crisis but for sure we as humans will find a way to make it happen somehow

I think what we as Americans need to remember is no matter how bad we fuck up the theoretical economy and no matter what unemployment goes to or who the gvt owes money to.... we will probably not lose the ability to grow and harvest enough food for all americans by having like 3% of the population do some farm work with tractors.

we should just keep that in mind and have a plan in place for shit hitting the fan that keeps the food coming. No reason to stop growing food

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Their gold wasn't stolen, it was all voluntary and very few people did it.

uhh yes they do retard
have you EVER looked at the charts before?