Buy silver

Buy silver

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This is a finance board, I’m not sure they’ve got a rock collecting board yet but this certainly is not the place 4 your post

Stay poor

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user im a libertarian as well, and i know nothing quite shows ones strength and dedication for freedom like placing a large amount of their equity into an illiquid, precious metal.

i trade options on silver quite frequently, due to its higher volatility than gold, but ive found holding physical silver to be a bad investment for a variety of reasons. one being that all dealers (whether youre buying or selling) mark up (or down when selling to them) quite substantially from spot price. of course this is necessary for the silver dealers to stay in business, but some do it with such outrageous spread, that unless silver conservatively doubles, you are doomed to lose money on the investment from the spread alone. also, good luck offing it at its peak to silver dealers, they know better. the only way to get rid of the stuff when its that high is to become a silver dealer yourself (which requires some paperwork) and sell it to more desperate libertarians than yourself.

in regards to your chart what do you have to say about its relation to golds historical performance? after the crisis was over, silver dropped back to roughly where it was before, while around 50% of golds gains during the time were kept.

im not trying to contest silvers value as an inflationary hedge, but there ARE better ones available. silver is simply the poorfags version of gold (which is why i trade it, as its much more volatile than gold, like i said) and as such, is grossly outperformed by gold over the long term.

imo the better inflationary hedge right now is oil. if you check the historical value of oil during recessions, oil almost ALWAYS goes for a huge run in the beginning (or slightly before) of bear markets/recessions. it will normally crash back down, but the runs are tremendous. if you look at the performance of gold/silver during these same bear markets, youll notice that only about half the time, they went for runs during recessions.

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small amount of silver and gold is for the case when shit hits the fans and $/€ is worthless.

I would still accept gold and silver in that time for certain goods, but not fiat.
There will be better times afterwards were gold/silver can be sold against fiat with actual value again.
But during that SHTF timespan, you need something else and thats where gold/silver/other metal coins comes into play.

Assumed you live in a region were people still have a community that helps each other and not going full nog.

>Assumed you live in a region were people still have a community that helps each other and not going full nog
well i live in a city, so this is already how people act, i can assure you. though if it looks like S is about to HTF, i will be somewhere in latin america before you can blink.

>I would still accept gold and silver in that time for certain goods, but not fiat.
and this is where silvers utility will be useful. gold is too expensive to use on a day to day basis for small necessities. silver on the other hand, is much cheaper, also quite malleable and easy to divide/cut into smaller increments, and would be incredibly useful on a day to day basis as a currency.

the problem of course, is how most silver (like gold) is held by central banks and others who simply horde it, and short it to other banks/countries when it gets too high. in the event of total fiat collapse, the central banks will STILL be in total control of the wealth. they could easily manipulate the currency still to whatever level they want.

I actually think that silver is high, or getting high, right now. Not that I'd short it, but I'll wait until the price goes down.

recession incoming, then?

> well i live in a city, so this is already how people act, i can assure you. though if it looks like S is about to HTF, i will be somewhere in latin america before you can blink.
You can have a pretty long Jow Forums related discussion about this why communitys are get torn apart and people should be isolated and as diversed as possible.

I currently live in a city now since 3 years.
With everyday I hate degenerate city people more.
Before I thought thats just shit talking from the people on the land and Jow Forums regarding cities.
Oh boy ..... let them burn down.

>Lives in Canada
>Idiot government liquidated gold reserves
>My 1/4oz gold coin is more than the government has on hand.

way ahead of you user 500oz reporting in

i think silver will dump HARD before it goes on any sort of run. if you look at OPs chart you will notice that DURING the whole lead up to the economic crisis, silver was actually dumping alongside everything else. it lost 50% of its value, and went from $20/oz-$10/oz in months. it was only a short time afterwards where silver finally started to go for its run.

this has a lot to do with how the fed funds rate was pumping up the dollar artificially (similar to whats going on now) at the time. but its important to remember, if this is indeed where we are headed (08 style crisis), there will be a much better price for silver in the future. you should get into it around the time of the markets bottoming out. NOT before.

watch the yield curves. 2yr and 10yr have been VERY flat. almost inverting a couple times already. if it inverts, its almost always a recession within 6-9months. in terms of how oil is reacting now, it has a couple bullish things supporting it. from mideast conflict, to OPEC being broke, to rising inflation, to its regular old seasonality. its not for sure just yet. youll notice oil also moves in times of economic good as well. it has a lot of factors that go into its price.

>You can have a pretty long Jow Forums related discussion
indeed, but lets spare everyone here. not the place, really. im fed up with many city slickers as well, but i need to be in a city with what i do.

>Lives in Canada
im so sorry user...

whats your average price?

>silver
>finance board

That's more or less what I was thinking. I'll shoot for around $10 and see what happens.

Have a look at antique silver, Chinese pieces especially

yeah definitely check the historical performance of silver. it always dumps before going on a huge bullrun (as do most commodities). a lot of this has to do with manipulation, and big guys shaking out weak hands to grab even more of it while its crashing.

how do you mean?

There's a reason jpmorgan is holding more silver than it has ever had. Silver is the next big boom.

nice digits, but if jpmorgan holds so much silver... can i even boom without being stomped again?

If you like silver and want something that isnt just a boring bar I'd suggest buying fine antique silver pieces. As for Chinese silver, it's getting more valuable. The chinks are buying back their heritage I.e Chinese porcelain etc, but Chinese silver is still less known.

be careful with that shit. in the early 2000s it was the russians buying back their stuff, inflating the prices massively. it all dumped hard in the early 2010's
some things went down like 75%

I'm aware of that, that's why I only buy pieces that are less common

If the S HTF, I'm afraid just about nobody is going to have silver or gold as a medium of exchange. It's all just going to be bartering one useful item for another.

in fact hold on, i have a chart i drew up. ignore the writings about options positions, but definitely look closely at how much these current market situations mirror todays.

im currently swinging silver for a very short term bullish move this week. but this is more a hedge against my short silver positions that i have which are on a much longer term basis. once i see it lose about half its value, i will be switching to longterm bullish bets on it, and likely buy some physical silver (but not before)

i do like it just on its own as a metal. very pretty, and such a pleasant sound when clinked together. probably my favorite aspect of silver outside of its ability to be traded

i tend to agree. most people will hold onto their silver in a collapse. the things that get traded are smaller things like cigarettes, toilet paper etc. see: russia in the early 90s

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good choice. the common pieces dump the hardest.