Message from @Tanner - SC

Discord ID: 485960472957288450


2018-09-02 13:58:01 UTC  

Then why do the most rich and powerful people banks nations ect hoard these precious metals?

2018-09-02 14:03:57 UTC  

Most rich people and most western nations don't hold precious metals. For any who do, perhaps they like ancient relics. I provided an argument why metals are no longer relevant. Saying "some people like them" does not refute my argument. Maybe you can tell me why some people like them.

How do you see metals being used in the future? They're far too expensive to send around, so if anyone starts using them, people will start printing warehouse receipts again and they'll print them with fractional reserves and it's not that different from what we have now.

2018-09-02 14:39:36 UTC  

Russia's has trippled it's gold reserves as of late

2018-09-02 14:40:15 UTC  

IDK where you get the info that no Western nation or powerful elites don't stack gold.

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?