Silver like gold is also real money.
The word for money in many foreign languages is literally the word "silver."
It's actually better to buy silver now because the ratio to gold is a really high 80-1.... when historically the ratio is 16-1 because that is the ratio that they come out of the earths crust.
So you buy silver... wait for that ratio to drop to the 40's or 30's then you exchange your silver stack for gold and pick up a bunch of free gold.
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Also remember this anons...
For most of human history the last few thousand years and even in America in the 19th century.... a days wage equaled a silver piece the size of a silver dime.
Today you have useless insurance agents making 140$/day which is the equivalent of 10 ounces of silver. So one day of wage cucking in corporate America would be equal to about 140 days of working historically in terms of silver. Since a silver ounce equals 14 dimes.
So when fiat collapses..... as little as 500 ounce of silver will literally be equal to like 30 years of days wages. Because after a fiat collapse and deflationary collapse of all
Asset prices.... a silver dime will be equaivalent to about 3-4 days wages because there are billions more people on the planet and much less silver available also.
So 500 ounces of silver will be a literal fortune.... and it only costs you about 8k to get today in the current fiat paradigm
Silver for the win. Also brass and lead are great investment s to stockpile.
I always think in terms of practicality. Steel, zinc, lead, brass, copper, iron etc are all stuff you can use in a SHTF situation for trade as well as utility.
So when am I going to be able to buy land with the silver I own?
One thing to remember - never try to convince someone to buy PMs if they tell you it's a waste of money.
Just write their name on a list of people who don't get charity from you.
Probably never user - not so long as there's chinks, poos, and orks to import.
But your children have a better than average chance of needing it. And your grandchildren are almost a certainty.
>no silver
you'll regret that when the werewolves come.
How am I going to convince anyone to have children with me if I don't own a house
Also fuck having to click 20 street signs to post anything.
I assume they're smart and their silver has been turned into plates, utensils, and potable water containers.
I'm on Antimony Oxide at the moment since Antimony is necessary for electronics, but it's A. Not pricefixed by the bank of england, and B. becoming more rare over time.
The earth's supply of Silver will satisfy our demands for silver for quite a while, but we're less than 200 years off from Antimony shortage.
I live in one of her boomer parents houses. We have 3 children.
You'd be amazed at home much women prefer disposable income and time with you over crippling debt and spending all day apart to pay for it.
Now for the real redpill. Like gold and silver, bitcoin is also real money.
Zinc / Brass are good ones too, but you need a lot of space to store them.
Mercury also works against werewolves. That said, if you want to stop werewolves, I strongly recommend a good sensor network coupled with whatever firearm you're most skilled with. Werewolves are ambush hunters and it doesn't matter how much silver you're carrying if your throat's been torn before you know they're coming.
does Jow Forums own gold?
if so, in what relation to silver (80%-20% of investment)
i think gold is pretty good in situations where you have to travel, because you can't carry tons of silver with you. Also, in my country it's much more wiser to invest in gold because it's tax free, silver is not (only investment coins)
BTC has two main problems.
First is that it doesn't have any inherent use, though that's not as much of a problem since Runescape gold is an international medium of exchange and that has no inherent value either.
Second, and this is the major one, is that there's computational waste inherent in its transactions. This is necessary to prevent forgery, but given that computational power is not free, it means that transactions involving BTC are inherently wasteful.
The problem of needing every ledger to keep a history of every single fucking transaction also adds huge overhead for BTC's use in common transactions.
If you want Crypto to be usable day to day, you're going to want a system where each node only needs ~80% accuracy of the balances and you census the network as a whole to get accurate information.
I know there's already tons of mathematical models for systems where each node has imperfect information and there may be malicious nodes, but so far as I know nobody's duct-taped one to a Diffie-Hellman Elliptic Curve yet.
Gold is rigged by the Bank of England. Any financial collapse which leaves the Bank of England standing means your shiny metal is still its bitch.
The question of "Will the Bank of England withstand a financial collapse" is a hard one to answer, but assuming the collapse is engineered by the banks for the point of giving ownership of goods to the banks, then yes.
>no inherent value
>computational waste inherent in its transactions
i think you shouldn't invest in one metal solely, rather than diversify your portfolio.
if there really is an emergency of giant proportions, i think gold will hold a big proportion of it's value. be it for it's historic and ideational value alone. it was a form of currency for over 6000 years, highly regarded in almost every civilization. Even if banks flood the market, it will still get you something.
First: Yes, your BTC are backed by nothing.
Second: Transactions in BTC are verified by having the entire planet race to make a chunk of data which contains your transaction, plus some junk bits, evaluate to a 1 in a trillion SHA256 hash.
>i think you shouldn't invest in one metal solely, rather than diversify your portfolio.
Good plan. What sorts of metals get mined near Austria? Pick whichever metals your country mines that have a value greater than $5/kg and can be kept in a shed without decaying.
Thanks user! Just bought 10k
computing power isn't free you know
copper, you can have about 10kg for around +-200€
what's also interesting is palladium and platinum as they are important for the tech industry. they are pretty expensive tho, and there are much less bullion minted than gold so you pay a premium.
This. The hours of my life I wish I could take back had I only learned this sooner in life.
Good thinking. Get some Tungsten too. How are Tungsten prices like in Austria?
Also you don't necessarily need bullion, just a guaranteed weight of the stuff.
There is huge manipulation going on with the COMEX in both silver and gold futures. Huge sell orders at market are placed in the middle of the night on the Globex overnight exchange when there is little or no trading volume. (Pic related).
Another problem is the Exchange For Physicals scam the the COMEX is utilizing to try to counteract the increasing shortage of available physical metals. When COMEX longs try to obtain physical metal, they are given a cash kicker (bribe) and a futures contract based in London instead.
tfmetalsreport.com
pretty hard to find out, as it's only marketed by wholesalers. between 80-180€ which is strange.
well investment coins are great as they are tax free here. otherwise you have to pay 20%vat
it is artificially low then? Should I buy Gold or Silver? Why exactly should one buy silver when gold is, well, the gold standard
also, back in the day you could buy them at par value which was pretty neat.
the thing with those industrial metals is that you need a lot of space, i could only imagine owning 20 - 30 kilos max
Pretty soon the Chinks are going to have a 50 story residential tower for every 10 Chinks in the country, and maybe 1 in 10 of them will be able to actually afford to live in them.
Then industrial metals, which are being primarily driven by Chinese infrastructure, are going to drop like a rock.
As OP stated, the Silver-Gold ratio is around 80/1. That is a rather extreme level.
If we are moving towards a period where metals are monetized (seen as a store of value), silver should probably go up a higher percentage than Gold, at least initially.
wouldn't it be possible for gold to just decline if the desparity is that extreme? And why is this huge gap indicative of anything. Copper is way more extreme in this case albeit more useful. And nobody is storing copper
silver is too heavy to move any serious amount of money
it's the perfect normie currency because they don't hold onto wealth for long
Precious metals are much more a store of value than a medium of exchange at this point.