So i guess everyone forgot how much of a pain it is to invest in/trade/hold/move precious metals, so people are fomoing in, everyone forgot how bad the precious metal vendor cut is when you want to take profit and sell. Multi-Multi-Trillion dollar asset class, but you take a 20-30% loss to sell even just $1,000 worth of it (LMAO)Yeah I'll be here with my Bitcoin and Crypto for when you retard fomoing fags come back after PM's dump and go back to make negative gains per year again.
>>61680492Bitcoin is done you fucking mongoloid. Until Saylor is not liquidated, jailed and raped Btc can never rise again.
>>61680492Man you're so right it is easier to move NOTHING
>>61680492Industrial demand for silver and platinum as well as central bank demand for gold is what is pumping metals. You retards don't understand the demand side of the equation. Tesla needs silver, not btc.
>>61680506Retards will ignore this.
>>61680610Retards think Saylor can be liquidated
I legit lost brain cells reading this thread.
>>61680492based take
>>61680675Ok mr "erm actually i know who knows a guy who will buy silver and gold from me at spot price!"Yeah right buddy, keep dreaming, aint no PM vendors pay anything near spot value
>>61681006Why would anybody sell to a shop that doesn't offer a fair price? Many times they offer a price that is like 1%-2% under spot price. The highest volume dealer where I live usually offers spot price for coins and bars.
>>61680492>So i guess everyone forgot how much of a pain it is to invest in/trade/hold/move precious metals, so people are fomoing in, everyone forgot how bad the precious metal vendor cut is when you want to take profit and sell.I'm feeling this pain right now. Calling local shops and they're all either not buying right now or buying at like 10-15% under spot.PMs are the worst fucking meme ever. End the fed my asshole. Unless you like collecting this shit, its not meant as an investment.
>>61681041>Many times they offer a price that is like 1%-2% under spot price.yeah maybe when shit isn't volatileduring times like these they don't want to hold your bags either, they're not retarded and see the giant fucking candlestick priming for a blow-off top
>>61681357Name the shops you went to. I can probably find you a better one.>>61681372They aren't holding my bags. They have a decent volume so bullion doesn't sit for long. Especially on easily recognizable bars and coins that aren't beat up.
>>61680506I read shit like this and I realize more and more /biz/ is an entertainment board filled with people with short term memory loss>Bitcoin is done you fucking mongoloid.Holy shit you people are completely clueless, actual sheep chasing whatever the new pump of the day is
>>61681392>just dox urself brono thanks
>>61681404I'm not asking for your name. I'm asking for the name of the shops that are offering shit prices.
>>61681357>>61681372You must be a poorfag. I live in Sydney, which has a refinery where I can sell precious metals in any form for near spot price whenever I want. Unfortunately I will have to line up for a long time (yes, it’s the place where people are always taking photos of the long line).Worst case scenario, I can fly to the Perth Mint and sell all my metals. But why would I? Fiat money has existed 100s of times throughout history, and it has always collapsed after 55 years, with everyone returning to silver. Selling your silver now would be like giving away your life jacket on a sinking boat.I suspect you may be a Jew hoping for a quick buck. In that case, just buy a gold or silver ETF. Those are easy to sell.
>>61681462>never sell saar never take profit saaar fly to local city to sell for good price saaaaaaaarholy fuck PM fags are completely delusionalnever buying this shit physical again. Rather buy new guns and ammo instead.
>>61680663By law if MicroStrategy filed for bankruptcy, all of the companies assets would be liquidated to cover expenses. Imagine the shit how of all that bitcoin suddenly becoming available all at once.
>>61681494You’re seriously unarmed? First thing I bought was armor and weapons. Then rations. Then books and a variety of materials. Then I started stacking metals endlessly.Sorry if you’re intimidated by the idea of going on a plane for once. Again, if you’re a Jew and you’re looking for a quick trade, you should’ve bought a silver etf.
Buy when everyone is in doubt.Hodl what you have.price looks very cheap for me rnIdk what this fud here is.Even after the correction the last day, everything else still looks expensive to me. So you bet your ass I buy the thing thats cheap rn
>omg i cant sell my silver for over $95 bucks im going to have to accept $89.99 noooooooMeanwhile with crypto you cant even get a penny for a single bitcoin.
>>61680603Low IQ take, as the USD loses value so inversely do commodities rise my nigga.
>>61681802>mom I posted it againWas able to sell the 60k peak instantly with 0 issue and barely 1% fee
>trading crypto for stable coins >thinks this is cashing out>his wealth is still in a crypto exchangeHaha typical poojeet/jidf retard
Crypto is designed to lock you out meanwhile the shills (both paid and unpaid) come to vehemently deny/censor anyone experiencing bitcoin offramp blacklistings.
Intangible wealth can be erased at the press of a button. A switch can be flipped and every digital holding becomes null and void.
>61681494There it is, cohen-poojeet's natural tongue exposed. He couldn't help himself.
>>61680492This. To speak nothing of all the fake lead bars people are holding (some for decades) and dont even realize it.
>>61681817Yes, USD loses and industry would rather hold raw input materials that are needed. Hyperinflation causes rapid economic turnover which further exacerbates that proces. Not that we're at the point of hyperinflation yet. The point is that strong inflation and shortages lead to industrial demand which then becomes a feedback loop.
