Is Silver the new bitcoin?

Metals are not investments, they are a way to store value and secure it against inflation / political turmoil / economic recessions. I don't put all my money into gold, but I can sleep well knowing that I have some. It's insurance.

>It's insurance.
gets it

>economic recessions
that's wrong tho, in a recession cash is best.

R u retard?

in a recession people liquidate their assets this puts a downward pressure on every traditional asset class including metals.

the one with cash to spare can buy these cheaper and cheaper.

shut up GOY

>bitcoin
>dead

lmao

99bitcoins.com/bitcoinobituaries/

Yea but find me someone who can time this shit perfectly.

Time in the market is better than trying to time the market, historically.

GOY kek

Tell that to the ones matching hyperinflation right now in Venezuela.

I can wait for that.

No one wants any fiat.

Have like 30 pounds

>No one wants any fiat.
graph literally shows a very serious and growing demand for us dollar.

First of all, since when is bitcoin dead? And second of all.. Why does it have to be one or the other? Why can't you own both? Morons and faggots should not give financial advice..

Pretty sure its showing a shitty bolivar

That's the same thing you fucking mongoloid

I know americans like to make everything about them but this chart could have been about any foreign currency 2bh, the bolivar has just turned into shit.

Yes that is correct.

The first flight.

Now take that same Bolivar and price it in Gold.

Fiats never retain purchasing power.

Silver and gold do.

Bitcoin is not dead, you dumb motherfucker.

Society has been holding fiat and idolizing it long enough all while Silver gets a bad rap.

They had it in coinage but took it out and devalued everything in the process.

The current world is saturated with fiat ideas and fiat dreams.

Have you noticed what it ultimately does?

Chaos.

Nothing is free in life.

Creating currency out of thin air and backing it with nothing for so many years has its price.

Bitcoin is life extension for the fiat ponzi scheme.

No one buys shit in gold and silver.

When the apocalypse comes though I'll be coming for your shit though with all the guns and ammo I bought with dollary-doos. :^)

Gold is better. Also, you get to have a big, cool ass money pit at the end of the day.

Silver in - Bitcoin out

COPE

>now that bitcoin is dead

>((((((((((TRIGGERED)))))))))))

percentage wise price increases will make silver will look like bitcoin some day.

>No one buys shit in gold and silver.
I do tech installations - one of the wealthier clients bought his daughter a horse for her birthday and paid in gold.

>one of the wealthier clients bought his daughter a horse for her birthday and paid in gold.

why are rich people such lame-ass fucking memes?

Lies

I traded my Bitcoin at the peak for silver at the dip. Never felt better.

I'm sure post the German Mark would love to hear your reasoning.
Cash is arguably the worst thing to have during an economic crisis besides credit. You want tangible assets. Hardware, metals, property, etc.

Looks like they will have to learn the hard way....again

silver/gold physical are long term holds vs unstable markets.

you wont get any gains till you can sell it on. to do that you either want generic bullion at low premium or to get into collectors items like low mint coins and jewellery

i like unusual jewellery to wear/sell on so invest in small amounts of it

Bump

> No dividend
> Possibility of theft, loss, damage
> Less liquidity than stocks or bonds
> Basically no long run, inflation-adjusted value gains
> Why aren't you investing in silver?

anyone who bought gold in 2002-2008 bought gold perfectly, if they invested in stocks in 2009, gold had bounced back. i got like 8% in gold btw

>Ye old "silver can't match inflation" meme.

>Be me, bought silver back in july 2015
>The average back then was $15.67 per ounce.
>According to inflation, to retain value each ounce should cost $15.96

usinflationcalculator.com

>Right now, the silver ounce is worth $16.51
>The average within last year have been $17.20
>The maximum value have been $21.21

How stupid can you be, Veeky Forumsraelis?

is it not rightfully called a hedge?

>during an economic crisis
you mean hyperinflation? sure, but a recession starts with deflation, and then can lead to hyperinflation but by then you already bought the assets for cheap.

trust me you want to start with cash. and want to buy land gold and even some stocks with it before the shitstorm stirs up.

If that's not an arguement against investing in silver I dont know what is, look at them no gains.

Stop posting anime shit on Veeky Forums. This is a serious board.

I don't think it's for gains, I think this guy is right.

A friend of mine has been buying silver and gold for over 15 years because it is safe to put your money there.

It's about investing somewhere safe. I cant recall at the moment but during one of the last financial crisis there was a country issuing bonds at a negative interest rate, just because it was safer to put your money there rather than investing usd/eur.

that's a higher percentage increase than bitcoin since july 2015
L M A O

COINKEKS ON SUICIDE WATCH

Prince had 67 10 ounce bars of gold.

All these asshole boomers are going to die and sell everything off to pay for their healthcare. Deflation and death then war.

Gold is dead get the dollar. :(

Diversify some. Why not have both?

Ammo is great too, just make sure to store it away from moisture.

I made 25k past week on JNUG and JDST

you need to lube ammo up with vaseline for long term storage

Gold is a good investment to hedge risk in your portfolio because it is basically an indicator of fear in the markets. When people are confident about the market, the search for gold desreases (trump's rally is an example); when people start to fear an event that may cause umpredictable losses, they buy gold (see gold price until elections). Gold is a safe heaven and is great to have at least a small percentage of it in your portfolio, like 5-10% imo

He knew the rest was shit.

Purple rain....

We fight our forefathers meme wars.

I'd rather have that amount locked in bonds.