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Topic: Buy 1 ounce Silver. End the Fed (Read 387 times)

legendary
Activity: 3500
Merit: 6981
Top Crypto Casino
September 09, 2018, 10:56:20 PM
#45
Tax gets misused many times like funding NASA "planet mars mission". There are more meteorite hits on Mars than on Earth but they are spending tax payers multi-million dollars on Mars missions. Wasteful government expenditure of the governments must be cancelled by the taxpayers.
I agree with you about governments wasting taxpayers' money, but that's neither here nor there as far as silver goes.

Just checked the spot price, and silver is at $14.08.  That's less than it was back when this thread was started, so you would have lost value had you bought silver then, just a few months ago.  I couldn't tell you whether the low price makes it attractive to buy, but after watching silver drop for the past seven years, I have my doubts.  Sometimes when an asset has been beaten into the ground, it becomes undervalued.  The problem with metals is that there's no real way to tell what the value should be.  It's not like a stock where you can look at the dividend and management and profit potential; it's sort of like crypto.  The price is all supply and demand.

And just like I said back in May, the propaganda machine rolls on:
Buyers waking up to ‘cheap’ bullion
Silver Prices: Supply and Demand Disparity Could Result in Huge Returns

Don't believe the hype--unless world currencies start to crash or we have some sort of serious economic crisis, and I mean a real one and not just the threat of one.  If something like that happens or is imminent, maybe silver will become attractive.  But don't tell me that we should expect a crisis soon, because I've been hearing that for over a decade now.
member
Activity: 266
Merit: 32
September 09, 2018, 10:44:25 PM
#44
Tax gets misused many times like funding NASA "planet mars mission". There are more meteorite hits on Mars than on Earth but they are spending tax payers multi-million dollars on Mars missions. Wasteful government expenditure must be cancelled by the taxpayers.
sr. member
Activity: 658
Merit: 282
September 02, 2018, 10:40:36 AM
#43
...Looks like Bitcoin has failed as a payment system now that expedia.com removed bitcoin.

Maybe Bitcoin is viable for something different than being a payment option
for companies like Expedia.

In my opinion Bitcoin´s two main use cases are being a store of value and being
a censorship-resistant payment option. We all know that sites like Wikileaks
got cut off from all mainstream payment options and therefore they had to turn
to alternatives like Bitcoin. No authority can shut down your Bitcoin wallet
and you can use it from anywhere in the world.

If you really want to order from Expedia, you don´t really need Bitcoin and you
can just pay using Paypal or your credit card.
member
Activity: 266
Merit: 32
September 02, 2018, 10:23:57 AM
#42
I think the silver market is more transparent and easy to control than Bitcoin in particular and virtual currency in general. Thus, there will be no governmental bargaining or control for the virtual currency. So, they have to ban them. However, the virtual currency is anonymous and it seems the participant will never be revealed. So many people find it because of the properties it brings as well as the huge profits from investing in it.

Bitcoin anonymity is for hackers and criminals also so bitcoin is common for criminal activities. Looks like Bitcoin has failed as a payment system now that expedia.com removed bitcoin.
jr. member
Activity: 56
Merit: 3
May 18, 2018, 06:02:00 PM
#41
I think the silver market is more transparent and easy to control than Bitcoin in particular and virtual currency in general. Thus, there will be no governmental bargaining or control for the virtual currency. So, they have to ban them. However, the virtual currency is anonymous and it seems the participant will never be revealed. So many people find it because of the properties it brings as well as the huge profits from investing in it.

I strongly disagree.  The silver market is opaque compared to crypto.  A handful of players controls the entirety of the market.  They have a "fix" every day where they get together and set the price.  Forward contracts for production are multiplied and sold short to drive the price down.  There is very little that is transparent in the silver market.  
J-N
member
Activity: 100
Merit: 13
May 18, 2018, 04:28:01 PM
#40
Why not? Your wealth should be diversified. Buy silver or gold or other metal, and keep the part of your money evaluated in these commodities. Also buy Bitcoin or other crypto-currencies, or the shares of a companies, or the fiat currencies of other countries. The price of silver is more stable than the price of BTC, but I guess that this metal won't grow in the near future.
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
May 18, 2018, 02:53:33 PM
#39
Are you sure Silver is used in solar panels ? That is HUGE BUSINESS now worldwide.

yes 100% sure:

Quote
The average solar panel actually uses about two-thirds of an ounce of silver, which is about 20 grams. That might not sound like a lot, but at around $20 an ounce it contributes more to the cost of solar than it does to the other industrial products that use silver.


And that's just one of its uses. The battery market may be at least as big as the solar panels.

According to Ortega, when silver-zinc is compared with the smallest Li-ion batteries available, the silver-zinc cell has a 57-percent greater energy density, whereas the largest silver-zinc cell is greater by 20 percent over the best performing Li-ion option available. He also said silver-zinc rechargeable microbatteries have been shown to be safer and better for the environment.


I actually have a silver-calcium battery in the car right now.
full member
Activity: 232
Merit: 100
May 18, 2018, 02:50:40 PM
#38
I think the silver market is more transparent and easy to control than Bitcoin in particular and virtual currency in general. Thus, there will be no governmental bargaining or control for the virtual currency. So, they have to ban them. However, the virtual currency is anonymous and it seems the participant will never be revealed. So many people find it because of the properties it brings as well as the huge profits from investing in it.
full member
Activity: 337
Merit: 150
May 18, 2018, 02:30:58 PM
#37
Yes , bitcoin was in 2009 about 0.01 $ and in little years become about 20000$
bitcoin will be more importance from the gold , bitcoin will exceed the Moon
member
Activity: 266
Merit: 32
May 18, 2018, 12:41:43 PM
#36
The Fed is too strong and to big to be fell. Its will make our world economy colaps  i think. Domination the fed on world economy is very big and its appears when they want to rise the rate. Bitcoin can not make the fed fell but maybe can disrupting banks bussiness

$20 Trillion debts does not look good for Federal Reserve.
jr. member
Activity: 56
Merit: 3
May 18, 2018, 12:31:42 PM
#35
In 2012, there were lots of internet talks "Buy 1 ounce silver. End the Fed" then Silver fell to $9/ounce

Bitcoin has the same story with all the anti-government and anonymous talks.   Grin

I see the parallel that you are pointing out. There is a big difference between the two, however.  Silver is a small market that is easily controlled by a small group of players. With a market cap of 52 billion US, it can be manipulated on forward contracts with the creation of "paper ounces" and sold short.    

The crypto-market (to which I assume you refer because "anti-government and anonymous talks" are directed at all cryptos, not just BTC)
is huge in comparison at almost 400 billion at the time of this writing.  This market is relatively hard to control by a small group of players.

Also, a slump in cryptos wont last a decade the way it does in precious metals.   It hasn't even been around for a decade.  

From a free market perspective, I have more faith in crypto as a means of liquidity and even as store of value than I do in silver (or gold for that matter.)

That's just me pontificating though.






OP just gave me a mini heart attack. Thanks yo this post, i could sleep at tonight with a smile on my face. For one thing, i don't see crypto as a bubble but these articles really shakes by belief about all these. So, just hold on to your coins and we will be laughing in the end.

Glad I could help.  Don't worry about the fudsters, just keep your eyes on the prize. 
jr. member
Activity: 56
Merit: 3
May 18, 2018, 12:17:58 PM
#34
If its legal, I would like to see a website similar to localbitcoins made for gold/silver/precious metals and commodities. A place where people could conceivably trade their gold or silver coins/bullion for land, real estate, cars and other things. If gold and silver were given extra utility whereby more widespread support for utilization in actual markets were available, I think demand for gold/silver would rise and their respective price would rise as well.

It could benefit bitcoin and crypto currencies. Investors who were too afraid to risk capital on bitcoin, could instead feel encouraged to buy gold or silver. In this case, precious metals could serve as a type of "gateway drug" to mass adoption of crypto as things like limited supply which help to reinforce the value and stability of precious metals also apply to crypto currencies to a degree.

More education and greater information being available on topics like precious metals and bitcoin cold only benefit the public and consumers having more options to pay for things via the introduction of broader support for precious metals could help the average person to better comprehend economic and financial policy which could lend greater support towards crypto and areas where it is needed the most.


I agree.  There is synergy between the crypto markets and the metal markets.  From what I can see, crypto space has a relatively high percentage of metal investors.  In the end, I think crypto will drive the adoption of metal, and metal will drive the adoption of crypto.  They are stronger together. 

Consider the use case: Crypto markets are too volatile -> convert part of portfolio to metal. 
jr. member
Activity: 150
Merit: 4
May 17, 2018, 04:25:20 AM
#33
for silver or BTC, it is have some same characteristics.
1. The value is pushed higher than the value used (here I am referring to the value of their current application, not to mention its inside price) it's like a bubble is blowing over necessary.
2. The market can be manipulated by large financial institutions.
But to say its is the same is not true. One is material and the other is the cryptocurrency asset. it is traded in completely different ways
member
Activity: 602
Merit: 10
May 17, 2018, 03:11:30 AM
#32
In 2012, there were lots of internet talks "Buy 1 ounce silver. End the Fed" then Silver fell to $9/ounce

Bitcoin has the same story with all the anti-government and anonymous talks.   Grin

The Fed is too strong and to big to be fell. Its will make our world economy colaps  i think. Domination the fed on world economy is very big and its appears when they want to rise the rate.
Bitcoin can not make the fed fell but maybe can disrupting banks bussiness
legendary
Activity: 1904
Merit: 1159
May 17, 2018, 01:21:04 AM
#31
Okay so you have been trolling the internet for 12 years lol? No I wont see your Twitter page because all you want is followers to listen to your crap.

Why am I here posting  Huh

Good that you asked yourself that question. You will realize that it is because you need consolation that bitcoin will work and won't disappoint you like silver did.
Don't you worry. Bitcoin's story is not the same. It is not really anti-government. It is more like an antidote to all that ails the government. You have nothing to worry if you are invested in bitcoin.
legendary
Activity: 2562
Merit: 1441
May 16, 2018, 11:14:51 PM
#30
If its legal, I would like to see a website similar to localbitcoins made for gold/silver/precious metals and commodities. A place where people could conceivably trade their gold or silver coins/bullion for land, real estate, cars and other things. If gold and silver were given extra utility whereby more widespread support for utilization in actual markets were available, I think demand for gold/silver would rise and their respective price would rise as well.

It could benefit bitcoin and crypto currencies. Investors who were too afraid to risk capital on bitcoin, could instead feel encouraged to buy gold or silver. In this case, precious metals could serve as a type of "gateway drug" to mass adoption of crypto as things like limited supply which help to reinforce the value and stability of precious metals also apply to crypto currencies to a degree.

More education and greater information being available on topics like precious metals and bitcoin cold only benefit the public and consumers having more options to pay for things via the introduction of broader support for precious metals could help the average person to better comprehend economic and financial policy which could lend greater support towards crypto and areas where it is needed the most.
full member
Activity: 462
Merit: 100
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May 16, 2018, 09:59:46 PM
#29
Crypto currencies, especially Bitcoin, is far from silver. They're not even the same species. I don't have to explain it because alot of people already post why it is so, so I'm just going to add that crypto currency will be stronger and more stable as time goes on and soon it will be undeniable.
member
Activity: 420
Merit: 14
May 16, 2018, 09:37:53 PM
#28
In 2012, there were lots of internet talks "Buy 1 ounce silver. End the Fed" then Silver fell to $9/ounce

Bitcoin has the same story with all the anti-government and anonymous talks.   Grin

I see the parallel that you are pointing out. There is a big difference between the two, however.  Silver is a small market that is easily controlled by a small group of players. With a market cap of 52 billion US, it can be manipulated on forward contracts with the creation of "paper ounces" and sold short.    

The crypto-market (to which I assume you refer because "anti-government and anonymous talks" are directed at all cryptos, not just BTC)
is huge in comparison at almost 400 billion at the time of this writing.  This market is relatively hard to control by a small group of players.

Also, a slump in cryptos wont last a decade the way it does in precious metals.   It hasn't even been around for a decade.  

From a free market perspective, I have more faith in crypto as a means of liquidity and even as store of value than I do in silver (or gold for that matter.)

That's just me pontificating though.






OP just gave me a mini heart attack. Thanks yo this post, i could sleep at tonight with a smile on my face. For one thing, i don't see crypto as a bubble but these articles really shakes by belief about all these. So, just hold on to your coins and we will be laughing in the end.
member
Activity: 266
Merit: 32
May 16, 2018, 09:35:12 PM
#27
Okay so you have been trolling the internet for 12 years lol? No I wont see your Twitter page because all you want is followers to listen to your crap.

Why am I here posting  Huh
sr. member
Activity: 868
Merit: 259
May 14, 2018, 09:54:32 PM
#26
Nice FUD you made there. Do you work for the Fed?

I have high speed internet at home since 12 years. I read the internet. See my twitter page below for more.....

Okay so you have been trolling the internet for 12 years lol?

No I wont see your Twitter page because all you want is followers to listen to your crap.
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