/biz/ - Business & Finance

In this thread we discuss about precious metals, what else did you fucking expect

>People shilling precious metals as an investment

M'kay, let's see what bullion is like.
>Check cost of trading bullion
>5% spot price to buy
>5% spot price to sell
>Even if it goes up 10% you're paying 5% + 5.5% of the original price
>Plus inflation is eating your principal

M'kay, let's see what it's like on paper
>Basically like any other ETN, mineral commodity, or commodity related stock

Bullion is a scam. The rest is just gambling at a casino. How do people fucking fall for this?

HOW THE FUCK DO WE PLAY BLOCKCHAIN LONG TERM??? I understand the technology behind it and just how amazing it is...but how do we play this long term and invest in it for the next 30+ years.....and no...don't tell me to buy this coin or that....I hate to say this but i think those are all junk....The coins themselves are useless sure they hold value now but everyday newer and better coins are coming out....So the value of blockchain isn't going to be as a currency....I see it more as a way to validate transactions or even buying and selling stocks without a broker or middle man. This bullshit about this coin or that coin being worth a million dollars in x number of years is insane....how can you predict that X coin is not going to be made obsolete by another coin in just a few months or years?? but....if the block chain was used to buy and sell shares of a stock....a person could anonymously buy shares of any company around the world without the government knowing or being involved...I personally see this as the future of blockchain tech....Or maybe I'm a retard and IDK what the fuck i'm talking about, Please let me know what you think??

Pic is related because i honestly believe that in a few years when the dollar collapses, the average man (the average baby boomer btw has far more wealth than the average 20 or 30 year old and the average baby boomer does not understand and will not be interested in bitcoin or blockchain) will not run into bitcoin. But rather gold and silver.....as humanity always has.....blockchain is a amazing tech but i think that you guys are not thinking about how it will end up being used.....Its kind of like the rolling out of electricity in the 1900s people thought it was going to be used just for lighting there homes......and how they where wrong....

Me and my friend Pajeet are gonna be shorting gold in an hour. Sell all gold coins or jewelry you have now and buy back later tonight.

~M