Or are you too busy buying the absolute top on stocks and crypto? That is the biz way, buy high sell low.
Quick silver rundown
>real money
>trusted hedge against fiat for thousands of years
>all fiat have failed and will fail
>2nd most versatile commodity on the planet behind oil
>used in computers, phones, cars, batteries, solar panels, windows and medicine
>future needs technology, technology needs silver
>silver to gold mining ratio is 9:1
>silver to gold price ratio is 87:1
>JP Morgan holds 1 billion physical ounces
>the most shorted commodity on the planet
>the most manipulated commodity on the planet
>has the largest percent of contracts held by the fewest number of traders of any commodity
>only 4 traders hold the vast majority of silver short positions, largely determining the price of silver for the rest of the world
>COMEX traders keep price low by unloading a shit ton of ounces onto the market
>those ounces being sold don’t actually exist
>it’s bought and sold in futures contracts, papers that promise to deliver someday down the road
>how much is a shit ton?Traders on the COMEX have made bets in which they promise to deliver more than double all the silver known to exist.
>if the longs demanded delivery from the shorts, the rest of the world would have to go without silver for more than a year
>dollar to silver ratio 1913 = $2.65/oz
>dollar to silver ratio NOW = $592/oz
usdebtclock.org
>inb4 muh rocks
>inb4 boomer rocks
>inb4 shiny rocks
>inb4 asteroid mining
>inb4 too heavy
Well, biz? Why aren’t YOU buying the 50 year ATL?
Precious metals are the single worst performing class of assets in existence. You will be "buying the dip" forever, as you watch your wealth fade into nothing.
Holy shit, this looks like the chart of every shitcoin.
Is silver the shitcoin of metals?
Can I store it on my phone, move it across borders without anybody knowing, and send it to other people instantly? If not, then I’m not interested in your ancient caveman technology, boomer.
Nice, I was looking for a way to let my money sit there doing nothing for 20 years until a 40% pump happens
>>only 4 traders hold the vast majority of silver short positions, largely determining the price of silver for the rest of the world
>>COMEX traders keep price low by unloading a shit ton of ounces onto the market
>>those ounces being sold don’t actually exist
>>it’s bought and sold in futures contracts, papers that promise to deliver someday down the road
>>how much is a shit ton?Traders on the COMEX have made bets in which they promise to deliver more than double all the silver known to exist.
So why would anyone buy this manipulated irl shitcoin? Sounds like the top 4 traders will continue to manipulate it down and there's no stopping them.
Also aren't these future contracts cash settled? There's no concern with trying to deliver silver that doesn't exist then lol
tell that to the guy in the weimar republic who bought entire city blocks with a dozen ounces of the worst perfoming class of assets in existence.
>you will be buying the dip forever
Only takes one day for us to be right and for you to be a fiat bagholder
>silver will drop to zero
now I know you’re either an avid stacker or paid shill
Yes but unlike most shitcoins it isn’t susceptible to exit scams, wont drop to zero, and has real world use cases
The US dollar is the world's reserve currency. By betting on gold and silver, you're basically betting against the US economy. Which, depends on your outlook is good or bad.
>but look, at it's OBVIOUS that the US economy will fail in the next 1 to 3 years!
Hate to burst your bubble, but people have been saying that about the USA for over 200 years. Nobody likes the burgers, but you have to admit it's unlikely that their economy is ever going to crash hard enough to make substantial gains on precious metals. Even the real estate bubble pop in 2007-2009 didn't yield monstrous gains.
Gold is gud
I shouldn’t have to tell you this but 2.65 in 1913 would be worth around $633 today. That 2.65 of silver would have devalued relative to inflation, whereas you could have put your money in almost any other standard investment and been well off. Buying $2.65 worth of land in Manhattan in 1913 could make you a millionaire today if you bought high enough uptown.
>ancient caveman technology
did you even read the OP you absolute sperg? You wont be able to use your phone without my ancient caveman technology
>Grog has rock
when they get enough physical, they stop shorting and we moon
Im a US citizen and its not just betting against the US its betting against the globe, every currency in existence is fiat. As history has repeated itself time and time again, the pendulum will swing back from unbacked unlimited fiat to finite precious metals, as it has done for thousands of years
>2008 crash
that was only real estate, they fixed nothing, nobody went to jail, they just got bailed out in more clowndollars. This time it wont be just one market it’ll be every market and it will be global. Banks/govs already know this and that it is imminent, hence why they all stack billionns of ounces of physical in safeguarded vaults and warehouses. The same idiots who say buying precious metals is stupid are calling the trillionaire bankers stupid in the same breath.
>yes sir, i would like this acre of land for $2.65
Holy shit the cope in this post. That's exactly what a boomer bagholder would sound like.
>no this time it's for real!!!
*yawn*, stay poor, fuck off.
because silver price is ruled by ETFs and not by the intrinsic value of the metal itself
ETFs marketcap is bigger than the entire supply
clown world
this is the exact reason why a BTC ETF would probably fuck up the price (initial boom and slow death)
Peter Schiff ?
What are you doing here on Jow Forums I thought you normally shill your rocks on Facebook
Literally all of that gold gain was the first 10 of those years, when it was mooning ridiculously. But since 2011, gold has done jack shit.
So deceptive!
>the most manipulated commodity on the planet
yeah im just not going to touch it
precious metals won't be worth shit until we get hit by a solar flare/storm and sent back to the 1800s
i read somewhere that we have these conductor things everywhere the size of train cars that take a year to build each one. Only the germans and one or two other countries build them (koreans maybe?)
if they get fried by a flare we are fucked for years
silver will go to $40 and then $200
i expect a 1/8 silver/gold ratio within ten years
grug like shiny rock
silver has only costs me money so far in losing value and securing it in a safety deposit box
I haven't bought any in about 2 years
t. down 90% from buying crypto ATH
realistically how would silver out compete bitcoin especially now that the economy is fast paced and global all on the internet
>tell that to the guy in the weimar republic who bought entire city blocks with a dozen ounces of the worst perfoming class of assets in existence.
Gonna have to provide a source on this fren
>boomer rocks
Precious metals are the perfect investment for low IQ people becsuse it's the only thing they think they can understand.
>endless dumping for decades and decades
>"what a bargain!"
literally as it is a byproduct of other metals mining.
C O P E
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P
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What's silver tps?
>0 growth for 50 years
why aren't you guys buying?
Infinite if you thought for a sec
what a shit investment
Dude look at that chart. You've got like 50 years of poor performance right there in front of you think its worth buying
Already shorted silver, we are nowhere close to capitulation :^)
>average investor
I think the best performing currency would be guns, food and bic lighters.
Why do you think it's one or the other? Diversify guy.
Of course I'm buying silver. It's too cheap for me not to buy it.