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/biz/ - Business & Finance

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54461284 No.54461284 [Reply] [Original]

WHY ARE GOLD AND SILVER MOONING?

>> No.54461310

>>54461284
Foreign governments are accumulating

>> No.54461325
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54461325

>>54461284

>> No.54461332

Even Jamie Dimon doesn't know what to think

>> No.54461345

>>54461325
That's just money leaving dollars. Question is, why is it moving to PMs. It's not leaving just to leave

>> No.54461347 [DELETED] 

>>54461284
Because of lack of confidence in fiat
Now buy rats
>born on 4chan
>>54412521

>Arbitrum token with novel mechanics
>An epoch lasts 24 hours
>When you buy, you get bonus RATS based on your Power
>Power increases when you buy in different epochs
>When you sell, your Power resets to 0.

Examples:
>You've been buying RATS for the past 4 days
>Your Power is 3 (you start with 0)
>You buy 100k RATS
>Total amount you get: 100k * 1.1 ** 3 = 133,1k RATS

That ** shit is exponentiation. It means your bonus grows exponentially every day:
>day 1 - 10%
>day 5 - 61%
>day 10 - 159%

But if you sell just a few RATS your Power will go to 0.

All inflationary projects die because there are some early whales that keep their principal and sell newly minted tokens. RATS is unique because once a whale sells any amount of RATS, he basically has to start from the beginning.

Essentially the game is about the balance between Greed and Fear. Should you wait one more day and see your bonus increase exponentially, or should you sell now?

>RATS is launching in an hour.
>Initial Supply: 100,000,000 RATS
>Dev fee: 5%
>LP fee: 2.5% (goes back to the LP pool).
>Liquidity is locked
>Exchange: Balancer

>> No.54461350
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54461350

Gee, I wonder

>> No.54461362
File: 1.08 MB, 987x711, black_labor.png [View same] [iqdb] [saucenao] [google]
54461362

we have a real mystery here

>> No.54461371
File: 4 KB, 276x92, silvmoon.png [View same] [iqdb] [saucenao] [google]
54461371

>+3.2%
>mooning

>> No.54461396 [DELETED] 
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54461396

>>54461284
Gold, Silver and RATS are mooning.

3 of the greatest assets of our lifetime.

>> No.54461397

>>54461345
>why are people losing faith in dollars and investing in gold instead

think about what you just said you retard

>> No.54461422
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54461422

>>54461284
gold is up over 20% in the past six months or so. it already did 1650 to 1980 and just slapped upside confirmation down on the table at 2020.
i have been here defending it for a couple of years, because while it may pull back, its headed higher for longer, just like it did has for the past 23 years. i have not hidden any secret here. i have simply watched what happened to the gold price in yen, in japan, and done the legwork to establish that parallels exist for the US dollar -- reserve currency or not.
some have listened, but mostly i just get trash glowposter and cryptokek replies.
so, now what are you going to do?

>> No.54461435

>>54461371
thats pretty substantial for gold and silver

>> No.54461444
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54461444

>>54461284
They need to back down, I'm not finished stacking AAAAAAAAAAAAAA

>> No.54461458

>>54461284

I'm drinking alcohol

>> No.54461465

>>54461371
your dopamine receptors are burned out on thousand-dollar swings in your little digital pet rocks, my son.
will you now deny yourself a properly allocated portfolio out of anger, and pride, and spite?
no one will notice.
no one will care.

>> No.54461469

>>54461444
checked my
N

>> No.54461479

>>54461444
Checked and same, bro. I can't stand stacking while the plebs are too.

>> No.54461498

>>54461397
Nice narrative but I don't know if it's true. All we see is people buying pms with usds. Could be saudis for all we know

>> No.54461513

The meek (stackers) will inherit the earth

>> No.54461586

>>54461284
BECAUSE WE ARE GETTING SHWIFTY IN HERE

>> No.54461616

>>54461586

Liquor on tap

>> No.54461655

>>54461469
>>54461479
I've been waiting for a significant pullback in miners for a month now, they just keep mooning. I hesitate to say this is the big one, but the economic conditions have never been better for a bullrun in pm's.

>> No.54461711

>>54461284

Drunk

>> No.54461717

>>54461284
>mooning
What fantasy world are you living in? Gold went over $2000 in August of 2020.

>> No.54461734

>>54461465
I secured 200 ounces of silver for myself when I hit portfolio ath in 2020.
It's been a disappointment if I'm honest. I mean I knew it would be, it's insurance, but I did hope it'd at least make some money in the medium term.

>> No.54461768

>>54461734
>200 ounces of silver
whats that like 500 bucks?

>> No.54461806

>>54461284
So you’ll sell

>> No.54461832

>>54461768
Almost 5000. I'm in the UK and so paid a heavy premium. Buying them all at once came out to around 7.3k dollars.
I don't intend to sell, naturally.

>> No.54461868

>>54461832
>bought 5000 worth of silver for 7.3k

shouldve just bought gold u retard

>> No.54461886

>>54461868
I did also buy £3k worth of gold.
Is there anything else you'd like to scrutinize about my finances?

>> No.54461900

>>54461868
what a stupid thing to say. he will get 5x the amount of gold for his silver later than he would get if he bought gold now, but you already know that, don’t you.

>> No.54463010

>>54461284
They are same as before, only USD going down, if u ask: why is USD collapsing, well, then, its many things.

>> No.54463566
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54463566

>>54461345
Because gold is independent from every nation and government and given that the US has proven to everyone by stealing and freezing Russian assets that they're not a trustworthy nation anymore, Saudis and all are getting rid of their dollars.

>> No.54463690

>>54461371
Idiot boy, that’s a major swing for silver. I’m afraid if you don’t have any and all you have is millennial money, then you can get fucked when the bread lines form

>> No.54463827

>>54461371
its still down from 27 dollars a few years ago and 50 dollars in 2011

>> No.54463885

>>54463827
yeah hence why it's abnormally low and a good buy

>> No.54463896
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54463896

>>54461362
Hey Jack, c'mon, you know...the thing...

>> No.54464199

>>54461284
Its real money for times like this dummy.
Comex can only shuffle virtual inventories to bullion banks and pretend nothing is happening.

Silver will go no bid.

>> No.54464312

>>54463827
what happened before 2011 that caused it to moon anon, couldn't be a similar situation we are in now, god forbid our current one is worse! oh no I don't feel so good

>> No.54464330

>>54464312
it mooned then instantly crashed overnight
If you're hoping for a repeat of that then buy all the silver you want

>> No.54464602
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54464602

>>54464330
https://www.reuters.com/article/us-jpmorgan-silver-lawsuit-idUSBRE92H10520130318

"U.S. District Judge Robert Patterson in Manhattan said the investors, who bought and sold COMEX silver futures and options contracts, failed to show that JPMorgan manipulated prices at their expense, including by amassing huge short positions that were not justified by market events at the time."