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Silver

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Thread replies: 49
Thread images: 9

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Redpill me on physical silver.

My friend is trying to convince me to loan him thousands for an investment. He's sure there's a boom coming.

Silver is currently sitting at around 16 USD. He projects minimum 80 within a year. And possibly up to 1000 depending on market trends.

He's convinced JP Morgan is rigging the silver market and there's alot of cash to be made.
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>>1693391
no bad idea, here is why:
http://goldprice.org/charts/history/gold_30_year_silver.png
http://goldprice.org/charts/history/gold_30_year_o_usd.png

draw your own conclusions, but unless we are gonna be in hyperinflation shit is gonna go down hard.
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>>1693391
That's absurd. Ask him to qualify his claims. The silver market has always been unpredictable and typically aligned with gold.

Certainly yeah, buy some silver and protect your assets from inflation. Don't go all in, that would be stupid.
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>>1693434
i wouldn't even buy gold right now... it's gonna go down first. probably under $1000 possibly near $500
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>>1693391
Your friend sounds like a complete tinfoiler tool. Avoid.
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Yes Silver.

Will outpace Bitcoin very soon.

Undervalued.
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>>1693437
400 to be exact. there's federal reserve policies propping up gold.
>>
http://www.usdebtclock.org/ says it should be at $1005 an ounce USD if it wasn't for the High Frequency Traders keeping the metal down so they can build technocratic euphoriaville.
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>>1693442
that's quiet possible but inflation adjusted metals are going down seriously for the past few decades aside the occasional spikes.
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>>1693440
>there's federal reserve policies propping up gold.
Genuine question - what might those be?
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>>1693451
Going down and held manipulated down are two different things.

Deutsche Bank's 'smoking gun' evidence to expand U.S. silver rigging case

http://www.reuters.com/article/us-silver-lawsuit-idUSKBN13X1QZ
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>>1693391
JP Morgan can't rigg the Bitcoin market.
Every Gold and Silverbug is stepping into Bitcoin.
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>>1693602
Because Bitcoin isn't rigged?

Compare comet ISON's light curve chart (as it went perihelion) to Bitcoin's parabolic price rise in November 2013.

Then see when the fast and furious star Paul Walker crashed his car and died.

Coincidence = manipulation

Gold and Silver bugs looked at Bitcoin and said "nice manipultaion you have there".

So they voted for Trump.

I think it's a fire rooster next year.

Don't believe me: I don't care
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File: silver.jpg (168KB, 720x1280px) Image search: [iqdb] [SauceNao] [Google]
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I think silver is a good price now. I read it costs like 7-8$ an ounce to mine so it will not go below that amount. I doubt it goes above 100 or even 50 in the short term. There would have to be a serious demand like countries going back to physical silver coins, and a lack of mines for production for it to go up a substantial amount like 1k. I think it's a safe hedge against inflation, but it's not a super lucrative investment
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>>1693666
stan trips where did you get the mining figure, i couldn't find exact source some say mining under $23 is not profitable but maybe that's only for the us.
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>>1693666
So the United States, Canada, Australia, Austria, New Zealand, UK, Mexico, and China all minting gold and silver bullion since the 1980's like gangbusters isn't countries going back to physical silver coins?
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>>1693672
>maybe that's only for the us.
it's not that simple since in the US and most of the western world silver is a FREE byproduct of copper and molybdenum mining. So is gold.

so even if the price dropped to $0 we'd still mine a shitload of it just because it's mixed in with our copper.
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>>1693681
i see, so even tho silver mines might not be profitable silver is still mined. that explains a lot about the prices.
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>>1693686
exactly.

You'd have to check my numbers, but last time I looked copper mines produce most of the US silver and gold.
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>>1693672
I might be wrong, it was a quick search one night. I hope it's more than that!

>>1693677
All us coins before 1964 were 90% silver. Try and find a quarter from 1964 or before in circulation I bet you can't because it's worth like 4$
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>>1693698
>All us coins before 1964 were 90% silver. Try and find a quarter from 1964 or before in circulation I bet you can't because it's worth like 4$

You are absolutely right.

They have been sucked out because smart humans know what is coming.
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>>1693702
I have some 1oz Canadian maples from 2016 that are 5$ face value, but of course I'd only let them go for like 16-17 at least.
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>>1693628
Silver going down down down
Bitcoin going up up up

>The banks blame the banks lol
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>>1693717
You are trying to hard now.

They already know about comet pizza and podesta.

Your HRC BTC Wall Street life extension scam is about out of time.

Electric gremlin is on hold in Trumps lan line waiting for you all to sing New York, New York.
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>>1693391
you guys smoke dope together or sumtin?

lol but seriously, im about to start silver stacking

Knew of a guy that knew of a guy that used to buy silver whenever he had a couple extra bucks, silver shot up, became fucking rich as fuck. not sure how much but i might start doing it.
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>>1693764
well take it slow, because silver is definitely going down. unless something unexpected happens.
like buy for a few $100 every month don't go all in.
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>>1693707
whenever i get bummed out by holding silver and getting hammered i watch a little mike maloney and it always cheers me up.

https://www.youtube.com/channel/UCThv5tYUVaG4ZPA3p6EXZbQ
the end is nigh all day every day!
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>>1693391
its heavy, you pay hefty commisions per trade, niggers will try to steal it if you store it at home
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>>1693845
Theft = old as time itself
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>>1693437
wow I wanted to buy gold when an ounce hit $900. You think it will at least go down to $700 an ounce?
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>>1693873
dunno because a lot is going on, but barring any catastrophe it could easily. see the thing is inflation is a distant monster deflation is imminent around the corner all the time. in deflation cash is king. metals are the best when everything goes to shit and there is a hyperinflation and nobody can afford new homes so the real estate market crashes and the stock market is already inflated and stocks are way overpriced to their yield. only then metals are the best.
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>>1693873
$700 is the target price when they pivot.

They will manipulate it cheaper scaring the goyim while the dollar soarz.

Everyone leaves gold and they gobble on the cheap while dollar velocity goes bananas "hyperinflating" to deth.

They take the metal everyone else gets paperz for wheel barrel.
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>>1693878
I dont mind holding on to gold when everything is inflated but I would have never imagined that it would go lower than $900. I guess the next best thing to buy is more bitcoin. You think since everything will be inflated that mortgage loans would be easier to get? Like a type of subprime coming back or deregulating the dodd frank act?
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What's the least expensive method of purchasing physical silver?
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>>1693897
Person to person and skip the premium or https://comparesilverprices.com/

You're welcome.
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>>1693391
do not

precious metals are not an investment

more interest rate increase coming next year
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>>1693902
person to person there is a high chance of fraud tho, china spits out more fake silver and gold coins and bars than you can imagine.

unless you are an expert at recognizing these metals (by visuals or for example already own a coin know it's distinct sound and can ping test it) you shouldn't buy from a guy and definitely don't buy online imo. these scammers make monstrous profit because the fake bars and coins barely cost anything.
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There is one guy in this thread talking to himself.
Samefagging is so 2011
Silver and gold will be smashed and manipulated by banks and governments and there is nothing we can do about it.
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>>1694081
>and there is nothing we can do about it.
you can hope to ride the waves and also weather the shitstorm or even get rich tho.
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>>1694081
Governments not manipulating Gold and silver.

Governments like United States, Canada, Australia, Austria, New Zealand, UK, Mexico, and China all minting gold and silver bullion since the 1980's like gangbusters.

Wall St. fegs that love HFT bots and BTC life extension manipulate gold and silver so that underlying raw material for technocrat infrastructure is cheap to build for them to continue the theft of the peoples wealth.

These same fegs hate meme deth cause it means they will be black holed into oblivion.

They are scared little boys that hate bullion take over of the financial world.
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>>1693423
>>1693434

Forgetting silver for a minute, gold's value, priced in gold, is pretty constant.

It's the value of the dollar that is volatile.

As for silver, there are people like JP Morgan who who actively, strategically fuck with the value by buying and selling certain amounts at certain times.
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>>1693913
This, I got a 1-ounce newer Sunshine Mint bar off ebay for 5 bucks free shipping from China, marketed as clad but indistinguishable from a real one. When it got to my house it had $12 worth of postage on it. The Chinese govt literally subsidizes counterfeit silver bars for Americans.
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>>1693391
your friend is correct. I have $100,000 of silver

The gold / silver market is rigged with derivatives, the ratio is around 100:1 for 'paper' gold / silver to physical. The price is set by paper trading. Paper is artificial supply, keeping the price low.

This year the new Shanghai Metals Exchange opened. The Chinese don't accept and paper bullshit, they want phys only. The price in Shanghai is 5 - 10% above spot on most days, creating an arbitrage opportunity for traders. They are draining the western markets of phys and moving it to china.

Soon western traders will wake up and realize that a paper contract is not real gold / silver. Then the panic into physical metal begins.

Remember, successful trading is all about having everyone else agree with you, LATER.

protip: Google 'Andrew Maguire', listen to his interviews.
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>>1693454
they don't exist. It's in the central banks interests to suppress metals because they compete with their paper money.
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>>1694374
you can be assured that countries would start buying up gold in increasing quantities below $1000. if not the us then russia and china will. if that is support or not i can't say.
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>>1694373
>The price in Shanghai is 5 - 10% above spot on most days
physical silver has near 20% premium on it tho. that's a negative 10-15% arbitrage then.
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>>1693391
is your friends name logan?
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>>1694330
>gold's value, priced in gold, is pretty constant.
golds purchasing power is not constant but for a long enough period it seems to be stable enough.
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>>1693391
>silver shills and preppers claiming $1000000 oz

nothing new here, id expect it to hit $25 if the euro destabilizes but this is a long term hold not a quick flip.
no one knows what will happen with how mad the world is right now and that market rigging has been exposed.
Thread posts: 49
Thread images: 9


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