What does /b/ think of investing in silver? I have about 500 bucks lying around. I'll sell it when economy goes to shit. Good plan or retarded?
You're better off investing in bitcoin.
Lost about 50% following that retard mike maloney
Could plunge lower over the next 45 years continuously
>>707509801
it will not make as much as it could by investing in the market
but it will not run the risk of losing all value
if you need to liquidate it quickly, you'll be fucked
So you're gunna buy it for $500 and sell it for $550?
>>707510124
Bitcoin isn't backed by anything. Precious metals at least have intrinsic value.
stupid, silver is basically worthless and gold is going down in value too. bit coin would be a smarter investment
Its only 500$, even if the price of silver doubles in 10 years, you made 500$, what's that to you a weeks pay?
Its too little to invest.
>>707509801
It's a good bet. Know that the years that the market is booming are bad for precious metals generally, and the years that the market is in a slump are the times where gold/silver are worth the most.
And generally speaking, gold/silver over time go up pretty substantially. It's worth double what it was 10 years ago. Precious metals are ultimately smarter than a savings account.
When inflation is hitting our currency hard (like over the last 10 years) that's when gold/silver sees the best growth.
Also, it's best to just trade them on a market without actually having them on hand. Gold/silver can easily be stolen and to physically sell bars/bullion takes so long the market could easily shift significantly in the mean time.
Buy canadian money. Double your cash.
>>707509801
You don't "invest" small amounts into metals like this.
You buy silver and gold because they are stable and if your dollar goes to shit you still have a stable value of metal that you can sell.
It is to mitigate the loss of currency value, not a way to make money. $500 isn't worth stabilizing. Get you some compounding interest and reinvest.
>>707509801
> economy goes to shit
> expecting people want to buy silver when the economy is shit
>>707510712
came here to say what this guy said.
also, if you're really concerned about the world going to shit "invest" in 9mm ammo. vacuum seal and temp control it'll be good forever
>>707510124
I'm this guy>>707510685
Bicoin is a solid choice too. I actually made thousands when I bought hundreds of them when bitcoin was worth less than a dollar a bitcoin. I cashed out when it hit 28 dollars a bitcoin and thought I was a supergenius. Then it went up to 2600 in a year..... then back down to about 600.
Had I have cashed out at 2600 I would have become a millionaire.
That being said, bitcoin is also a solid choice. It tends to go up significantly in a very short amounts of time, but it also crashes significantly too.
Whenever there's major unrest in nation's currency or savings bitcoin does well.... and every time bitcoin or a bitcoin market is hacked, bitcoin takes a plunge. Buy low and sell high.
I personally only fuck with silver, gold, and bitcoin. They are easy to figure out and trade. The stock market is much more volatile and without really knowing the inside scoop on these companies, you're just as likely to lose money as make it (the guys that are stock market "pros" like the Rothschilds, Buffett, or Soros are, in reality, guys who have a lot of knowledge from insider trading and politicians, that's why they do so well).
Not sure if related, but iv'e been looking some vídeos of how to get some silver from scrap
https://youtu.be/8oeg2DW1vAQ
>>707510712
This right-a here.
I buy silver for fun. Private mint series like the Pirate series or whatever.
You want to invest and make money? Vanguard 500, it ain't sexy, but it's the best bet.
>>707511296
insider trading is illegal
>>707511512
so?
>>707511512
Oh really? Then people must not do it.
>>707510497
>precious metal
>intrinsic value
>>707511512
No shit.
But it's still done anyhow.
That's why nearly everyone in Congress is a millionaire despite only making 175k a year. When they legislate in a company's favor they are frequently paid in assets. They also pull the strings in the market and as obscenely illegal as it should be, can play the market at the same time.
Also, their campaign donors get info from politicians as well....
These are the major movers and shakers of the market. The little guys, small time investors without the inside scoop only make chump change compared to the others...
>>707510497
i think we need to have a talk about the meaning of the word "intrinsic"
precious metals are shit
>>707512109
It's not illegal for members of congress to trade on inside information. It's a sweet gig.
There was some rabble about it a number of months ago but faded from public consciousness.
>>707509801
It's NOT an investment - it's SAVINGS.
>>707512541
>i think we need to have a talk about the meaning of the word "intrinsic"
It means that a gold coin will be worth at least what the gold's worth. If you have another meaning, you'll have to tell us what it is.
>>707512749
shit metals are precious
>>707510503
>bit coin would be a smarter investment
If economy goes to shit. Would be better to have silver/gold coins that could easily be traded for essentials. You aren't going to be carrying around silver bars to Barter with. Also I would invest that $500 or so in a beater car (honda civic etc). Try and fix it up and sell to a college kid for 1-1.5k. Only if you have the space.
>>707512816
this, basically
invest in drugs OP, profit or OD, either way life is about to get more interesting from here on out.
>>707509801
Gold has higher value.
>>707509801
People that do this are retarded.
If the economy does collapse who do you think is going to buy something as useless as silver or gold?
You think joe blow down the street is going to want SILVER? No one is going to want silver. It has zero practical use.
People will want food or ammo the latter of which is one of the best investments you can make.
>>707513222
Gold has higher risk.
>>707513246
>invest in food
ok burguer, you had your shot.
Money is a CONCEPT, which the JEW has corrupted.
>>707513246
>People will want food or ammo
>>707513246
Correct
>>707513246
Oh, okay. I'll begin stockpiling bags of salt then. Better?
>>707512868
Not who you're replying to, but that's not intrinsic value. Precious metals and jewelry are the number one example of a commodity without intrinsic value, it has only exchange value. A good example for intrinsic value would be a plot of land or non-perishable food.
>>707513425
Paper isnt worth dick in the end
>>707509801
Go look at the stocks sites for commodities - they will show you the trends
http://www.nasdaq.com/markets/gold.aspx?timeframe=10y
Its known that China and other developing countries have been buying up gold reserves (which everyone else also rushed to for the global crash) over the last decade to back their currencies while US has been trying to convince the developed world to dump gold and go entirely to Fiat currency.
More than likely US is keeping a lot of gold in secret reserves, for a rainy day (look up what happened to the Ukraine gold reserves when that 'rebel uprising' happened in the east)
Anyway.. I wouldnt buy silver, as it's too common, you're better off buying land/real estate or, gold/platinum I imagine. In times of War/global recession, everyone buys gold, and for good reason.
>>707509801
you should commission a shit ton of furry porn
Hey anon are you me? it's funny, I have also 500$ lying around and for the last month I think about starting to invest in precious metal, I'm on the fence also.
But I should say that I'm poor, in a dead end job, trying to start my career. I have only about 5k$ invested in a balanced portfolio (index fund) and another 5k$ in cash, I want to hold about 5% to 10% of my net worth in metals.
I'm not a doomer or particularly interested in collecting special coins, my only goal is financial security in the long run.
What makes me hesitate is that it seems that a lot of bullion lickers are mentally instable (paranoia, conspirationist, afraid), or overly optimist about the price climbing to the sky. Most of the information is provided buy people who are in conflict of interest, selling silver bars and hyping this. Finally, it's kind of hard to sell at a fair price (the bid/ask spread is large compared to other investment)
>>707511512
You have to prove it was insider trading to convict, and even then, usually the companies involved will cover it up making it hard to collect enough evidence. They buy shares etc through third parties offshore and all sorts of shit to obfuscate anyone looking into it. It usually costs more money and time to chase the money than the conviction will be worth to the state
>>707509801
Gold is better, less of it is worth more. You don't want allot of something. Its heavy and could get lost.
>>707513246
Check the gold prices over the last 10 years - I posted the link above - during the global recession the prices skyrocketed, as thats where rich people and brokers etc all pool their money in times of hardship - they have done so for the last 100 years and will continue to do so until people no longer covet shiny things
>>707515203
Yeah but one guy on 4chan said you're retarded if you do this. Who are you going to believe?
>>707513425
I'd argue the US Government corrupted it by pushing fiat money over the gold standard, and basing their economy on the potentials of fear and greed over it's actual productive value.
The only way to beat the system is to figure out how to live off the land/wilderness, but nobody will do that because the benefits of keeping the pigs at the top table outweigh the drawbacks of having to scrimp and claw to survive on plant roots and berries
>>707515418
Well he certainly convinced me, I renounce my claims
what do all those billionaires know about money anyway..
>>707513675
fun fact - money is made from a type of linen, not paper
>>707509801
That will get you about 50 oz do it
>>707510503
Gold is up faggot
>>707514491
It's NOT an investment - it's savings!!! The knid that your jewblighted government can't loot from you at the mere push of a button
>>707516335
+ cotton, lets not forget the cotton massa
>>707514995
the storage room is completely irrelevant when you are talking about this small amount of money. 500$ will buy you roughly 20x1oz silver coins, or a small 1/4oz plus a tiny 1/10oz gold coin.
>>707516375
Where are you that silver is $10 an ounce?
Or perhaps... WHEN are you?
>>707516694
You'd be surprised how big that difference is when they're shoved up your ass
buy some stocks in pig when the McRib Comes out and then when it's gone sell em
>>707509801
that lovely old saying
>you need money to make money
springs to mind
500 isn't enough to make any real profit, but if you're doing it for fun don't let me piss on your camp-fire.
you're probably better off investing it or setting up a ISA(or whatever the American equivalent is)
Good plan, you could smash hostiles in case of a werewolf apocalypse.
Now what can gold do besides being valuable and a component of precise equipment?
>>707513565
or antibiotics
>>707510497
>dumbass thinks that something has intrinsic value
Fucking retard
>>707509801
the problem with small investments in metals is the fees. You usually don't get all that great of a price once you take in the S&H for physical and brokerage fees for investments, and if you are buying coins from dealers you are probably getting screwed.
>>707509801
Just buy a decent gun and some ammo and wait for the economy to go to shit and then simply take everyone's gold and silver.
Weapons and ammunition are the only true future currancy
>>707516463
>The knid that your jewblighted government can't loot from you at the mere push of a button
>>707514491
>a lot of bullion lickers are mentally instable (paranoia, conspirationist, afraid)
you may have a point there
>>707514995
Just my two cents, but if you're looking for bigger swings in price silver is a better buy and more undervalued. If you're looking to sit on it until you're 65 you're probably fine either way. Also above ground silver is consumed at a higher rate than gold, most gold sits in vaults or on fingers or hangs from ears and necks.
>>707516463
I understand what you mean, but the price volatility and low liquidity definitely add a speculative component that make it not an ideal saving vehicle. It's sexy and comforting maybe to hold it in your hand, and surely in the unlikely event that you describe it will store your wealth in a post-armaggedon scenario.
>>707509801
Space mining is going to wind up crashing the price of metals when that gets going. I wouldn't invest in it long term. One asteroid containing silver will supply enough silver to drastically reduced the price of it.
>>707517817
Those have expiry dates. Salt does not.
Could salt be the new currency? Hint: yes.
>>707516463
I think they can by the swipe of a pen reclaim all your US minted bullion so silver eagles, gold double eagles...Didn't they do this before?
>>707516995
that's a good one
>>707518058
Fine, asshole. Put all your life's savings into the hands of Shlomo. Just trust the banks. Implicitly.
>>707518466
Okay, then name an ideal savings vehicle.
>>707518479
Sure! 250 years from now
>>707510148
>if you need to liquidate it quickly, you'll be fucked
this makes no sense
>>707518540
>Could salt be the new currency?
SPQR used it to pay their soldier
the British Empire restricted its collection, production, transport, and sale to control India
we don't realize how important salt is to life because we have achieved such a high level of market saturation
seems legit to me
>>707518479
I've thought about this subject a lot.
If a company has enough money to mine an asteroid of silver they most likely would want maximum return for the investment.
They wouldn't dump the silver on the market. If wordered got out that they were mining an asteroid with high silver content that would make the cost of silver plummet for fear of commodity degredation (i.e., them dumping it on the market...)
So instead, they'd do the sensible thing, which is to keep the price artificially high by only adding a small amountown of silver to the market over time.
This would ensure that the price is never murdered by a flooded market and they have maximum ability to earn back the principal spent in the mining operation.
Tl;dr- No you stupid fuck, that's not how businessmen think.
>>707509801
Invest in lead and copper
At best it will be beer money.
2000 I bought 30 oz of silver at 6$/oz and 2012 sold it at 45$/oz.
It was fun but got me nowhere.
I found a box of transistors, old ones and sold them at 2 dollars a piece. Made as much profit.
What ever you buy it has to be somthing people want. If they don't want it you have to make them want it.
Now annon You have this pen, sell me this pen , make me want it....
Sink it into a few college classes. You can earn a lot more if you know more.
>>707518855
Ammunition.
Had one bought surplus ammo in the 90s say 8mm mauser, you'd be up somewhere around 600% in 20 years. Hope you have lots of climate controlled space.
I dunno man. Noone knows.
>>707519017
Try 20. There are already plans to wrangle an asteroid around the moon. It's the goal of SpaceX to start commercial space mining, it's coming WAY faster than you think.
>>707519128
That's what De Beers is doing with diamonds
>>707509801
Take that 500 and invest in mutual funds
Heres the problem with buying metals like that -
Youll end up pouring your cash into the metal. Then what? In the event of a crash, youll have a brick. Neat.
The people that instead invested in food, fuel, ammo/guns, and so on? Theyll have the real currency. And the potential to just take your shiny bricks by force.
>>707519373
Yeah maybe, but what if I don't live in a country that's 50% niggers and 50% violent retards??
>>707513246
Who the duck is talking about the economy collapsing you retard? Fuckin doomsday prepping moron.
>>707509801
I put $600 in bitcoin last December for the hell of it. Just had a hunch.
It's gone up by 54% since then.
I'd say hold on to your money for a few more months, then do daily buying and selling of BC.
Yesterday the price fluctuated by 15% so I made an additional $100 in one trade.
>>707509801
sounds like a good way to make 20 dollars over 6 years
>>707509801
Only if the chance of werewolves and vampires existing increases.
>>707519030
If you need to sell your shit quick, you go to a panwshop, they will fuck you 80% of the spot price (melting value).
If you're not in a big hurry, you will sell it near spot price at a retailler, with some fees.
I you sell directly to another anon with the intent of cashing out the premium you paid on your coin on top of the melting value, prepare to wait a couple of months (look on classified ads, you will see them waiting sometime for months in order find a buyer)
>>707519589
>It's the goal of SpaceX to start commercial space mining
Nothing in that sentence inspires confidence. I'm putting all my money into salt. Or will they mine that shit in space, too?
>>707519782
Stocks, bonds, and PMs all fell today. Shit is not well anon. DB is bigger than Goldman Sachs was, they hold/sell the same CDO shit goldfiendsteinman ballsacks did. Not an expert but shit could get real.
Disregard that EVERYTHING IS AWESOME
https://www.youtube.com/watch?v=StTqXEQ2l-Y
Good God no. What the actual fuck are you thinking. Get yourself a nice little Roth Ira or something.
>>707513246
Look, idiot the economy will never collapse, we have a system that's nearly perfect and the American dollar is stronger now more than ever. Read a fucking book moron.
>>707519128
but the operating costs for space mining will be absolutely enormous, there is no way to make this profitable.
>>707519950
In fact they exist for real man.
>>707520230
Yeah yeah. We've been hearing society will collapse for fuckin decades already.
>>707520069
Pretty sure you can find NaCl deposits in space.
>>707520434
nothing will collapse, your life and living standards will just become shittier than they already are. Don't worry you'll still get to work every day, just for less.
>>707520230
>judging how shit is going based on trade results of a single day
>>707509801
https://www.bullionvault.com/gold-price-chart.do
Look at gold and silver 5 year and 20 year chart. It doesn't just go up over time. Nor stay the same value. If the economy goes to shit, gold and silver aren't what people think they will be. How many people are in third world countries with no central government hoarding and trading gold and silver bullion? Food, water, weapons, supplies, they are what are valuable.
>>707515203
i always find it funny when something goes up 10 percent and people call it "skyrocketing"
>>707520412
story?
>>707513565
>>707518540
>>707519103
Good thing I live by the sea, and the winter here isn't cold. Just gotta pour a cup of sea water on the pool everyday
>profit
>>707520412
Nah, they're just allegories for bloodsucking Jews
>>707520580
Forget about the assteriods. The moon has helium 3, which we are going to need badly enough to start mining operations. One day. In the distant future.
>>707519128
I've read an article that said if the price of nickel was stable, it would be PROFITABLE RIGHT NOW to send spaceships to mine asteroids (asteroids are basically made of nickel).
Since I work with money, I collect silver quarters, which are 90% silver, so about $4-5 worth. If I melt them how could I sell it or make profit from it?
>>707518743
or I could put them in a building society
>>707509801
During the roguh times of 2008 China and its inhabitants were buying massive amounts of silver and gold.
>>707521032
Wtf? don't we have enough nickles in circulation already? why would we need more, dumbass?
>>707509801
unlike gold (Which is only used on exposed contacts because it doesn't corrode) silver has many uses in electronics being the most conductive metal at room temperature. Most gold just sits around and never gets used for anything other than money value, when silver mines run dry its price will go up quick. Probably a better long term investment than gold
>>707520695
the price of silver today is almost 1/3 what it was in 2011
>>707521057
Unless you've got a furnace and some network in mining, you'll probably be arrested because melting money is illegal
>>707521144
Okay, as long as it's not run by jews
>>707521057
lol in what country do you live?
>btw do you think they are pure silver coins?
>>707521280
I meant alien nickels sorry
>>707521386
Should have specified, US quarters pre-1964 were 90% silver.
>>707521280
what do you think "if" means?
>>707521347
Yeah, but if no one knows, how would he get arrested?
>>707521347
It's not illegal to melt money. It's illegal to deface it in a way that is meant to be fraudulent.
>>707521502
yes, you're doing the right thing
research on how to get silver from it before all the electronics get burned and you will be fine
>tfw China throws some EMP bombs over US
>>707521057
Bank teller?
Start going through halves if you can too, even get the 40% ones if you can.
If you're paying face value you're making about $2.92 per quarter (minus face value)
http://www.coinflation.com/coins/silver_calc.php
>>707511512
Which only matters if you get caught
>>707521523
How about what IF we don't have any fucking spaceships so you have to solve your money problems with shit here on earth?
>>707521057
I think you are better to sell them ''as is'' because the quarters are recognizable and everybody know they are 80%Ag. If you melt it yourself, your buyer will want to do a purity test. But If I were you I will melt them and pour my own ingot just for the fun of it
>>707510124
Don't listen to this anon
Bitcoin is too steady right now. Wait for a plunge under $400 if you are going to invest.
>>707520323
>American dollar is stronger then ever
>$8 now is equal to $1 in the 60s
>>707522098
Make your own thread
>>707522231
But you agree with all the other shit he said...?
>>707520323
>forgetting the 20 trillion debt made by Obama
>Achievement Unlocked
>>707513246
This guy just had to show up
>>707522110
ok just to clarify, the old canadian quarters were 80%, and the americans were 90%
>>707522356
Do you?
>>707511353
I've heard good things about Vanguard. I just wish I had the skrilla on hand to start investing in it right now. *sigh*
>>707510503
Are you high? Silver is a better conductor of heat and electricity than copper.
>>707509801
>imho best investment is having lots of children so you can sell them as slaves
>>707509801
Buy 500 lottery tickets
>>707522262
No, YOU make your own thread of fanciful spaceships solving monetary problems
Fuck, it's like I'm talking to "Helicopter" Ben Bernanke over here
>>707519268
I have a check here for 3,000,000 dollars and the only pen in the room with ink, if you leave you'll never see this check again.
>>707522539
Better to rush Midas instead of vanguard in a safe farm lane.
>>707521540
He would have to possess all the equipment + access to a stamp to certify the purity, something that is typically not accessible to random citizens
>>707521719
If it's unfit to be reissued it's illegal. Pretty sure melting it renders it unfit to be reissued
Invest it in yourself op. That is not enough to even think about investing and getting a valued return.
>>707521057
About trrreee fiddy. Total
>>707522641
I was thinking of saying something along these lines. Crapping out say 20 or so preferably non white kids, quitting your job and then sucking off the tit of society with free housing/food/ect. Then when the kids are grown you can rely on them to take care of you.
I've been short silver using the DSLV ETF -- idk, maybe it's time to go long? Are you thinking long term? Buying physical silver?
I did a bunch of work for an old guy who lived around the corner from my folks when I got out of college. He paid me with a mint bag ($1,000 face value) of silver dimes. My pops figured it was worth about $8k at the time, I got a job as a construction estimator right around then, and stashed the bag and forgot about it. It's now worth around $13,800 twenty years later.
I've made FAR more money investing in firearms, in particular WW2 era 03-A3s, M1 Garands, and 1911A1s.
I think that silver and gold is ok as a part of a portfolio, but guns and ammo is the very best way to invest in tangibles.
>>707523501
>Then when the kids are grown you can rely on them to take care of you.
no you can't
but you can take them on a graduation trip to mexico and sell them as either sex slaves or organ farms
>>707509801
If the economy goes to shit, who's going to want to buy silver for the price it was when people had money?
>>707523724
Is this an app?
>>707524071
robinhood app no comission stock/etf trades... good for newbs with small $, lets you have a cash account (trades take 3 days to settle)
>>707524262
Cool. Thanks.
I saw stash and thought about getting it but upon researching it looks rigid like a 401k so I never installed it.
Know of any other apps like this?
>>707509801
Buy a bunch of silver dimes and quarters and halfs (pre 1965).
Try to buy from an individual, not retail.
>>707524477
nope, I use interactive brokers mostly these days
>>707522948
LOL actually the equipment is readily accessible. But whom would buy homemade silver coins/bars?
>>707526195
>But whom would buy homemade silver coins/bars?
how to know if you should use who, whom, or whose
>swap the form of who with the equivalent form of he
>who = he, whom = him, whose = his
>place that form of he into the sentence
But him would buy homemade silver coins/bars?
>does the sentence make sense?
10 points for trying to look smart
-10000000 for completely fucking it up
>>707520323
>economy will never collapse
>system that's nearly perfect
>i have literally been hiding under a rock since at least 2009
>>707510712
This guy gets it.
Shit, for $500, go to your nearest casino and put it on roulette: red or black.
50/50 chance of making more money than you'd make on investing in silver.
For 500 bucks, you might as well put it in a simple compounding interest account...or go to Vegas.
>>707513246
Um, if the economy does collapse, what makes you think this guy would even get a chance to sell his silver?
I imagine he'd lose it all when he tried to go to "market" with his bar of silver and he never made it there because he'd either get jacked by a local strongman's militia, or he'd get fucked over in the deal.
>>707527746
theres also 2 green spots on roulette wheel so its not 50/50
>>707528635
Sorry, 45/45
Buy some uranium stocks and forget about it. Good chance demand will increase in the medium term. It's only $500, pretty sure you can do without it for 5-10 years
>>707527380
So you're an English professor?
>>707530136
no
just not a complete moron that tries to use words without know how to use them just to look smart
>>707509801
The only way $500 worth of silver now would do you any good if things turn to shit, is if things get so shitty that you need to sneak out of the country to escape an oppressive govt and the silver bar may be enough to bribe someone that has a means of smuggling your ass out of the US or whatever country you live in.
>>707530718
In that scenario a gun and a few boxes of ammo may actually be a better investment.
>>707510503
Fucking retard silver and gold have always been valuable and always will.
