Message from @ophiuchus

Discord ID: 485961731823239168


2018-09-02 14:40:18 UTC  

Bank of England

https://cdn.discordapp.com/attachments/352760194775777282/485821277639147521/article-2095535-118F9398000005DC-480_966x606.jpg

2018-09-02 14:41:24 UTC  

From financial times Today, Germany is one of the biggest holders of gold in the world: it owns 3,378 tonnes, worth €119bn, second only to the US. But until recently, most of that gold was stored in New York, London and Paris.

2018-09-02 14:45:06 UTC  

So the top economies of both the west and easy seem to stack gold

2018-09-02 14:46:27 UTC  

https://cdn.discordapp.com/attachments/352760194775777282/485822822757695518/central-banks-continue-gobbling-up-gold-07022018.jpg

2018-09-02 14:46:33 UTC  

Central banks too

2018-09-02 15:09:28 UTC  

As for silver it's industrial use is far more valuable then it's jeweler value

2018-09-02 15:09:33 UTC  

Because it is the best thermal and electrical conductor of all the metals, silver is ideal for electrical applications. Its antimicrobial, non-toxic qualities make it useful in medicine and consumer products.

2018-09-02 15:10:16 UTC  

Your cell phone computer every single peice of electronic equipment you own has silver in it

2018-09-02 15:11:39 UTC  

https://cdn.discordapp.com/attachments/352760194775777282/485829167737471018/silver-uses.gif

2018-09-02 23:41:35 UTC  

I started buying when they started subsidizing solar panels...I was like..."I'm gonna get my tax rebate before I file...let me get summa those dimes over there"

2018-09-02 23:50:59 UTC  

Buy metal because it's valuable for industry use, sure.
Buy metal because it's potentially going to become currency again, I don't think so.
From what I understand, gold is priced far above it's industrial use value, due to speculators thinking it could be a currency again, or the base of a currency. Silver, I don't know if overpriced.

2018-09-02 23:51:04 UTC  

You don’t have to hold physical metals unless you want to

2018-09-02 23:52:03 UTC  

The majority of metals I have in my portfolio are precious metals ETFs

2018-09-02 23:52:17 UTC  

I have a few pieces of silver I have just because I like them

2018-09-02 23:52:22 UTC  

My broke ass can’t afford gold

2018-09-02 23:53:25 UTC  

Yes, no one's making me. I'm just debating the validity of purchasing with the expectation that metals might one day be currency again.

2018-09-02 23:53:29 UTC  

I could see the argument both ways @Tanner - SC I consider it an asset both ways, and it's the only asset I know off that isn't simultaneously someone else's liability. Because I hold it, not a claim but the actual asset...I can retain X value...it is a speculation I'll admit.

2018-09-02 23:55:32 UTC  

Yeah I highly doubt they’ll be currency again. In some disaster scenario where the USD, etc, fail, I really doubt people are gonna flock to precious metals, because a catastrophe of that size would basically mean civilization was over.

2018-09-02 23:57:53 UTC  

Precious metals are useful as a hedge and not much else- investing wise. Silver and platinum have utility in industry, gold is kinda eh.

2018-09-02 23:58:25 UTC  

Gold seems super inflated to me rn

2018-09-02 23:59:21 UTC  

Stratton Oakmont: sell us MeeMaw’s old jewelry

2018-09-03 02:19:35 UTC  

Always keep a little physical nearby.

https://cdn.discordapp.com/attachments/352760194775777282/485997255552139264/Physical_PMs.jpg

2018-09-03 02:44:54 UTC  

@Argument of Perigee That's beautiful

2018-09-03 02:46:45 UTC  

Thank you, Sir. Peak AnCap.

2018-09-03 03:17:53 UTC  

Wew

2018-09-03 03:19:13 UTC  

PAMPed

2018-09-03 04:42:22 UTC  

@Argument of Perigee that is incredibly dope

2018-09-03 04:42:31 UTC  

I like the Canadian maple leaves a lot

2018-09-05 04:21:32 UTC  

I couldn't help but feel Nike drop today was similar to the Daily stormer endorsement of Papa John's that tanked it briefly before a quick recovery, so I bought some call options on 'em.

2018-09-06 03:08:51 UTC  

Can I get anyone's opinion on day trading? I see alot of tutorials on youtube.

2018-09-06 03:09:35 UTC  

know what the fuck you're doing, understand the risks. 's about it

2018-09-06 03:10:49 UTC  

@Deleted User any particular learning software or any recommended tutorials?

2018-09-06 03:11:28 UTC  

Okay, you'll want any good chart analysis platform

2018-09-06 03:12:02 UTC  

I use Td ameritrade's TOS software

2018-09-06 03:12:20 UTC  

It's free and pretty easy to get the basics of

2018-09-06 03:13:27 UTC  

And as far as tutorials go. How new are you to trading?

2018-09-06 03:14:01 UTC  

0 experience

2018-09-06 03:14:31 UTC  

I am attracted to the ability to make money from home or while on my laptop. Beats Witcher 3. Just being honest

2018-09-06 03:14:38 UTC  

Okay, so you'll need to learn all the basics of chart reading. Support, resistance, simple patterns, etc.

2018-09-06 03:15:13 UTC  

There's a daunting amount of information on it all but don't worry it's not that hard to get into