>Has been used as a store of value for thousands of years. >Has industrialized usage. >Has shiny features which makes it attractive as ornaments. >Has a history of doing 10x spikes in short periods of time: imgur.com/a/BuyLDZ7
If you like bad risk/reward scenarios you can invest in Bitcoin and maaaybe reach 10x in a fiat/bank collapse. If you like good risk/reward scenarios with a possibility of 100x in a fiat/bank collapse, you invest in shiny rock.
>Bitcoin has no other utility than as a speculation vehicle and as a HYPOTHETICAL store of value. >Bitcoin will be less secure and less expensive to harm through 51 % attacks for each halving.
Thank me later Bitcoin-tards (I do hold alts though).
I keep stacking that silver! It's going to pay off soon!
Bentley Martinez
What use does silver have? Why should the price go up?
Ian Wright
>What use does silver have? GET OUT NOW!
William Stewart
Firstly, look at the historical price of silver. Pic Related. Crappy long-term returns. (And remember, there was a lot of inflation over this period). Your best long-term returns are going to be in the US stock market. Or your own (well-managed) business
>invest in Bitcoin and maaaybe reach 10x in a fiat/bank collapse. >100x in a fiat/bank collapse, you invest in shiny rock Secondly, both of these are ridiculous fantasies. Bitcoin isn't about "fiat collapse". It's magic internet money. And even in a fiat collapse, silver won't 100x - that would make it more valuable that Gold is right now.
>10x spikes in short periods of time That has never happened. The closest you'll get is about 1970 to about 1980. Which isn't a short period of time, and is just barely a 10x spike.
>Has shiny features which makes it attractive as ornaments. So does lots of stuff. Especially with modern chemical technology.
everything, the machines that tell you bitcoin exists are all made with silver. The medical industry is going to be buying insane amounts of silver as its one of the only antibiotics that doesnt loose potency. No new major silver mines have come into production in the last 10 years and global consumption of silver is far outstripping production.
Jason Morales
It would take me at least 10 years, maybe 20 or 30, to "make it" if I did nothing but invest in silver. I don't have that much time left.
Jordan Cox
Don't worry. Boomers are busy sabotaging Bitcoin in this very moment.
Thats because mining in general is so unprofitable. But it price of assets like silver became higher in value then it becomes profitable again. Russia and africa have a shitload of natural resources
Isaiah Turner
In a previous life i was a big time silver supporter. That was before I learned exactly what the effects of 'demonetization' were. Specifically S2F ratio for silver have fallen to 3. (Compared to 50 for gold).... Sadly the price is never going to rise with the ratio being this low....without either (a) severe disruption to supply chain or (b) some how stocks building to higher levels (industry stops using?)
Adrian Rogers
>DAAAAAA JOOOOOZ Have Saxaphone.
Chase Rivera
Over the long-run, stocks have better long-term returns that any other asset class. Including real-estate, bonds, gold, silver, et cetera.
Ryder Johnson
>everything, the machines that tell you bitcoin exists are all made with silver no, theyre made of silicon. the absolute state of metal hoarders... stay poor faggot, imagine knowing about crypto and holding metal instead... ffs...
Logan Nelson
Silver is used in a lot of electronics. Including most computers.
(Silicon, too, obviously. You can use multiple metals in one computer)
Landon Jackson
>It's magic internet money Thanks for the clarification, just bought $100k. Now that you clarified it's utility I feel comfy with it as a long term investment, it's cheap now!
William Morales
What you've failed to understand is how mining works.
There is an absolute fuckton of silver in the ground, in tailings, in waste dumps, because it may not be high enough grade and is not economically viable to do anything with it.
If the price WERE to go up, there would be an increased amount of production because the grade which is needed to make a profit would decrease and companies would do something about it.
Nolan Powell
>magic internet money It's a meme. But seriously, I was pointing out that bitcoin is useful on the internet, and not very useful in a lot of other stuff. You don't need bitcoin to pay someone on craigslist. Use cash. But paying someone you never met - bitcoin may be useful.
>I feel comfy with it as a long term investment I'm not sure that bitcoin is a good "long term investment". It doesn't have any intrinsic value, exactly.
Anthony Lewis
yeah its just all sikicon theres nothing else r'tard
Alexander Hill
Silver is heavily used in solar panels and missiles
It’s irreplaceable because it’s rhe best conductor element
Xavier Baker
Question do you believeJPM will just let there 800mil oz silver hoed never moon?
Julian Nelson
Its not a question really of what I think about how competent JPM is...their 800m stack doesn't even represent a year of supply. Moreover the 'scrap' market represents several decades of supply...so the point is if price starts to rise significantly that scrap is all being melted down...this will add massively to supply and thus keep a lid on prices. Again, I'm not anti-silver...however I do note that silver-bugs have been preaching its coming again since the hunt brothers...for 40 years we've been told that silver is going to moon again any day now...meanwhile S2F ratio for silver has fallen from 30:1 to 3:1 in that timeframe.
Caleb Mitchell
The thing is, I'm not worried about price I'm never selling
Thanks for the graph. This shows exactly what is best about investing in silver and gold. As you can see form the chart, every time there is a recession the precious metal market skyrockets. If you smell a recession HINT: there seems to be one coming soon (check the yield curve) then buy bags of silver/gold and sell after the recession hits for huge gains.
Tyler Davis
Enjoy getting 2x in 15 years while crypto goes 100x within 2.
Matthew Young
enjoy buying high and selling low
Jaxson Perry
where do you even buy
Jason Nguyen
Jewelers, pawn shops, certain banks, there's a lot of places that trade in bullion
Caleb Harris
sip* Yup, buy those seven shares of amazon. Slow and steady wins the race my father always said, then he had a nice retirement at the age of 85. sip* noice
local coin shop, apmex, jmbullion, sdbullion idk about outside the us though
Anthony Cook
Nice one frends. Antique stores a good option? Is there difference in the quality of silvers, and are there any key points to ask the seller when purchasing?
I assume the idea is to hold until you either weigh in or smelt, rite?
Brandon Sanders
I would stick with 1 troy ounce coins. or 10+ oz. bars. They have the purity printed on them at the time of smelting. It is rather accurate.
As i said in a previous post. You want to buy silver when the economy is ramping up and in full swing. then, sell when the economy tanks. You can look at price charts for silver and gold and find that when we are in a recession, bullion spikes hard. but as always DYOR
