>>62841678
>>62841678I could have had 23oz of gold, but instead I bought 1 bitcoin. A fucking digital number on a screen that has no value at all jfc. The jews got me good
>>62841691Ohnoes, anyways....
>>62841678except Bitcoin
>>62841691crypto was created for that reason, if all that crypto money would be shifted to gold, price of gold today would be at least double and its a big problem, because gold is like measuring stick and shows how weak fiat currency is
>>62841678I sincerely hope that /biz/turds listened to me when I told you to sell back at 90 and that you aren't going to baghold this shit all the way back down to 20.
>>62841735>all the way back down to 20.
>>62841735If silver drops to 20 no ones going to refine it as the cost to mine alone is about 20. 30-40 is the lowest it can go.
>>62841744>interjects with realitySTFU Asshole.
>>62841744Silver is mostly mined as a by product.The most important factor is the price of gold, copper, zinc etc. if they drop then the supply of silver drops.Currently there is a huge oversupply of silver, just look at the London vault data.
>>62841735>I told you to sell back at 90may i see the proof?
>>62841775We're on the 6th year of a deficit what are you talking about?
>>62841678ahahahahahahahahahaahahah
gold is money. silver is a scam.
>>62841796that deficit considers retail demand as destruction of silver. in reality there is a 400 million Oz annual silver surplus which is reflected in the price action lately.
>>62841871So you're just making shit up as usual jamboy, back to your containment thread.
Gold atoms can be already be made by physics experiments already, it will be mass produced once AI figures out how to improve the process.
>>62841678Looks like your "money" isn't performing too well agains "credit" lately.
>>62841977AI can't improve the energy costs, those are hard baked into the physics of it.
>>62841681>create trillions in paper and digits>the asset that backed them is the bubble
there is like 12 + threads obsessed with trying to making fun of /pmg/ about gold and silver prices.This isnt counting social media doing the same thing.This is major bottom signal
>>62841681https://archive.nytimes.com/dealbook.nytimes.com/2010/02/17/soros-doubles-down-on-gold/It's also hilarious that literally the same time he was posting this FUD that he was acquiring billions in gold on the side. Look at what they do, not what they say.
>>62841678It would only work when 99% of the population is not dumbfuck and easily getting scammed by jeets. You have 10% actually talented and gifted guy who can excel in STEM and 90% the rest is the social welfare dogs.
>>62841678Money is whatever people agree it is, the whole reason to have money is to trade your labor for somebody else's labor, whether it's paper, a digital ledger or shiny rocks, the point is that it represents a fraction of your life that you spent doing something for somebody else that you can trade to another person for an object they spent a fraction of their life doing.It's essential to specialization and civilization because everybody being completely self sufficient doesn't leave any time to do anything more advanced than subsistence farming or hunter-gatherering.The only reason gold and silver were ever used is because they don't decay or get rusted out over time.
>>62842388Gold and Silver have been subject to speculation creating bubbles in them since the 1970s at least.
>>62842399It’s because they know the fate of crypto and this is their way of coping. There is very little liquidity for them to farm and it makes them seethe. They’ve become unhinged in recent months too. It’s almost like an “every accusation is a confession” type of situation
>>62842455
>>62842455By that logic, everything is a bubble then. Your unit of measurement is exponentially debasing against everything else, so everything else looks like a bubble. The financial media literally coined the term the "EVERYTHING BUBBLE" in their ignorance (or deception).
>>62842482Silver is the most undervalued asset on the planet
>>62842507Jesus you're all retarded, or you're trying to offload your silver bags.
>>62842568>This is a crypto scam says the guy who only has ever bought crypto scams
>>62842399bro were you here when silver was blow off topping?those retards left their containment thread and spammed catalog full, ofc people are gonna make fun of them now
>>62842568Homie they're sellin' burgers at Dodger Stadium for $125
>>62842568ticktock
he never said anything about silver
>>62842399Cope you shitters were absolutely atrocious toward cryptobros when your rocks were pumping. You bought the top now youll hold the bags
I just like that the money put in silver can't be used against me. Dead money is a message
>>62842692see, silver is still positive for the 1 year chartmany people forget thatyes, its a brutal correction but not the end of the world
>>62843110Sounds like any other day on this laotian rug weaving board except the subject matter changed for a few weeks. >saaar saaaaaaar redeem my jeetcoin please saarI'm not even a silver fag, though I can appreciate the irony.
>>62842452>The only reason gold and silver were ever used is because they don't decay or get rusted out over time.And because it has uses beyond just "not decaying" like tooth fillings or CPU's. In every era it has had some industrial use(s) that nothing else can fulfill in that moment, it's literally the gold standard before that term was coined (no pun intended) originally. Humanity always goes back to PMs as sound money or we go into the Beast system. Either way, the answer is, store your wealth in it. Because either it'll survive the collapse or we won't, I'm there's no losing, trust Jesus.
>>62843182>yes, its a brutal correction but not the end of the worldIt also might, unironically, be the end of the world too though. We have the technology to roll out the "beast" system and people seem more docile than ever and ready to accept it. Remember how people lined up to take a jab to keep their job?
>>62841678>successfully diversify>able to buy more PMs than if I had just stackedI'm glad it's been turning out well. Just had to do less gaming and more reading.
