So what's up with all the silver shilling?

submitted by send_nasty_stuffNational Socialist from (self.debatealtright)

I did the libertarian thing for a year or two (2013 and 2014?). I remember lots of gold and silver shilling. One thing I really liked about the dissident right when I started chatting with folks was the lack of precious metal discussion in the podcasts and streams. It was a relief. However, when I peeked back at libertarian streamers and especially the Q crowd (like SGT report) it's still endless discussion and whining about why they arn't wealthy yet from holding gold and silver. In fact I detect quite a bit of butt hurt over not jumping on the BTC train. They just kept stacking silver and mocking crypto.

So does anyone with financial knowledge understand the devotion to heavy metals? (I already understand some of the core arguments about store of wealth). Even some dissidents seem to be getting back into buying silver after the Gamestop thing. The pol threads on silver hording are endless. What I don't get is how silver bugs are under the impression that the fed just artificially keeps silver and gold low. How is that possible? Seems like demand for gold and silver would be impossible to supress forever even if you have central bank money? What am I not understanding? Is silver and gold just forever on the way out as a means of wealth storage? Seems like even when we were on a gold standard the oligarchs fucked around with the poor and middle class just as much as they do now.

all 8 comments
sorted by:
top
newinsightfulfun

[–]Girondin 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (1 child)

It's all pretty bad financial advice, nearly all professional investors recommend a global portfolio of diversified assets (stocks, real estate, bonds, commodities, crypto etc), the portfolio manager for yale David Swenson recommended this in his book and he made a ridiculous amount of money and beat most hedge funds, another figure I know who advocated for this was John Templeton. Very very few billionaire investors have their eggs in one baskets (if you mess up its bad see Eike Batista).

I personally don't know why its advocated as well. I think dissident politics attracts other dissident ideologies IDK, goldbugs and silverbugs is a minority position in finance.

[–]Jesus 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

In order to survive and obtain over-priced property, Jews have created a world where everyone must speculate.

[–]Nombre27 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (0 children)

re: gold/silver/metals

Probably has to do with an intersection of libertarianism and the prepper community. Gives them a feeling like they're at least doing something.

[–]DragonerneJesus is white 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (1 child)

In Denmark we pay 0% tax on gold profits

[–]Jesus 4 insightful - 3 fun4 insightful - 2 fun5 insightful - 3 fun -  (0 children)

Datz socialwism

[–]MarkimusNational Socialist 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Simple answer: lolberts, schizos, preppers etc tend to be retarded

[–]TheJamesRocket 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

What I don't get is how silver bugs are under the impression that the fed just artificially keeps silver and gold low.

The ongoing currency creation by the Federal Reserve has the effect of debasing the U.S. dollar, sapping it of its purchasing power. They manipulate the silver markets in order to hide the true value of precious metals, and prevent them from being expressed in diluted paper currency. This has been ongoing ever since the U.S. went off the Gold Standard in 1973.

If you want a real shock, click on this link and find out the true price of silver and gold as expressed in U.S. dollars. That will show you just how debased paper currency is by today.

[–]send_nasty_stuffNational Socialist[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Ok. Let's assume that's all true. Wouldn't it be easy to just create a social movement where private citizens stack shit tons of gold and silver? Wouldn't that eventually put a bunch of pressure on exchanges/banks to start delivering physical metals (that they might not have?) Seems like everyone that's putting gold in their portfolio are doing it contractually and not physically. If they are really suppressing the market by flooding it with precious metal why can't we just call their bluff and keep buying? The price certainly won't go down if we ever have to sell.