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So Consuela went all in because he thought normal function of markets = fraud?
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Date: May 10th, 2024 3:39 PM Author: Flickering electric furnace blood rage Like, the market cap of a commodity indicating a higher amount than the amount of commodities actually changing hands? Aka the futures market? (http://www.autoadmit.com/thread.php?thread_id=5527210&forum_id=2#47651287) |
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Date: May 10th, 2024 3:41 PM Author: Naked house-broken juggernaut parlor He bought physical silver @ $30 spot in 2021 (he paid $40/ounce due to premiums) and silver is @ $28.22 today (http://www.autoadmit.com/thread.php?thread_id=5527210&forum_id=2#47651295) |
Date: May 10th, 2024 3:45 PM Author: Splenetic pearly trump supporter temple Look I'm all for good natured ribbing of consuela but what exactly are you trying to insult him for?
If he purchased a bunch of physical silver at some point, that physical silver has the same intrinsic value as when he purchased it. That's the entire principle behind hard assets. He hasn't "lost" anything. That silver could sit in his basement for the next 50 years and it will be worth the exact same. He's not "losing money"
If he bought an entire warehouse full of physical silver that he's paying rent or property tax on? Okay, now we can laugh at him |
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Date: May 10th, 2024 3:46 PM Author: Naked house-broken juggernaut parlor lol he lost money due to inflation, retard (http://www.autoadmit.com/thread.php?thread_id=5527210&forum_id=2#47651304) |
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Date: May 10th, 2024 3:52 PM Author: Splenetic pearly trump supporter temple Uhhhh.... (http://www.autoadmit.com/thread.php?thread_id=5527210&forum_id=2#47651319) |
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Date: May 10th, 2024 4:07 PM Author: Lavender Heaven lmao an ounce of silver is always worth an ounce or silver, dumbass. inflation doesn't affect silver (http://www.autoadmit.com/thread.php?thread_id=5527210&forum_id=2#47651364) |
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Date: May 10th, 2024 3:51 PM Author: territorial principal's office If you bought anything non physical/not tied to the production of real goods in the last 5 years you made money (http://www.autoadmit.com/thread.php?thread_id=5527210&forum_id=2#47651317) |
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Date: May 10th, 2024 3:57 PM Author: Flickering electric furnace blood rage He has lost at least 17% due to inflation, possibly around 10% to the price of silver going down, and more to the spread. And of course, there's opportunity cost. (http://www.autoadmit.com/thread.php?thread_id=5527210&forum_id=2#47651339) |
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Date: May 10th, 2024 4:01 PM Author: Splenetic pearly trump supporter temple He "loses money" if he decides to sell his physical asset at a price lower than what he paid for it (taking into account inflation, opportunity cost, etc). This isn't actually a precise way to think about it, but it's a close enough approximation for practical purposes
No one is ever "losing money" by the act of purchasing a physical asset itself. Your brain is playing tricks on you if you think this is a real thing. It's like those lists of the "100 Richest People In The World" and all their "net worths" include the "value" of all of their abstract assets if they were somehow magically liquidated into cash at their current market value for one share, instantly, with no repercussions or order effects. Not a real thing
Don't get tricked by abstractions |
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Date: May 10th, 2024 4:08 PM Author: aphrodisiac rose alpha partner LJL at mindcolonized fiatmos who can't appreciate that 1 silver doubloon = 1 silver doubloon, whether in 1500 or 2024. It's free real estate (http://www.autoadmit.com/thread.php?thread_id=5527210&forum_id=2#47651370) |
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Date: May 10th, 2024 4:10 PM Author: Splenetic pearly trump supporter temple Yes.
It's totally the physical object that's changing and not the abstract monopoly money, bro
*Seth Rogen soy-facing as he hits the bong* |
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Date: May 10th, 2024 4:12 PM Author: Flickering electric furnace blood rage Yes, you're right. You've lost 'monopoly money' and not real money. What did you purchase your home with, btw, and the other physical assets you've obtained? What will you exchange your real money for? (http://www.autoadmit.com/thread.php?thread_id=5527210&forum_id=2#47651386) |
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Date: May 10th, 2024 4:10 PM Author: Flickering electric furnace blood rage The top 0.001% of investors with non-diversified holdings that they can't instantly liquidate, or who've cornered the market on any particular commodity, are not equivalent to small investors holding absolutely minute shares of a massive, liquid global market. These two types of people are qualitatively different.
The mentality that you can't lose unless you sell is just a speculator's coping mechanism. When the price at which a good customarily changes hands decreases, or you've purchased the asset over that price, you've lost money on it because you cannot then reverse that transaction without causing youself economic loss. |
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Date: May 10th, 2024 4:12 PM Author: Lavender Heaven Exactly. You can't "lose money" by going out to eat unless and until you try to sell your poop and pee for cash (http://www.autoadmit.com/thread.php?thread_id=5527210&forum_id=2#47651384) |
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Date: May 10th, 2024 4:12 PM Author: Flickering electric furnace blood rage (http://www.autoadmit.com/thread.php?thread_id=5527210&forum_id=2#47651387) |
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Date: May 10th, 2024 4:14 PM Author: Naked house-broken juggernaut parlor (http://www.autoadmit.com/thread.php?thread_id=5527210&forum_id=2#47651395) |
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Date: May 10th, 2024 4:16 PM Author: Naked house-broken juggernaut parlor meanwhile, (((Consuela))) could have bought physical gold at the time @ $1750/ounce. Gold is $2363/ounce now. |
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Date: May 10th, 2024 4:17 PM Author: Flickering electric furnace blood rage (http://www.autoadmit.com/thread.php?thread_id=5527210&forum_id=2#47651404) |
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Date: May 10th, 2024 8:16 PM Author: narrow-minded kitty cat meetinghouse Why does silver suck so much compared to gold? (http://www.autoadmit.com/thread.php?thread_id=5527210&forum_id=2#47651984) |
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Date: May 11th, 2024 6:07 PM Author: Naked house-broken juggernaut parlor Because gold is actually a monetary precious metal and silver is merely an industrial metal, typically just a byproduct when mining for other metals. At the end of the day, which metal is a central bank going to buy, gold or silver? (http://www.autoadmit.com/thread.php?thread_id=5527210&forum_id=2#47654315) |
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Date: May 11th, 2024 10:57 AM Author: Flickering electric furnace blood rage (http://www.autoadmit.com/thread.php?thread_id=5527210&forum_id=2#47653327) |