/biz/ - Business & Finance

>>53600863
Picrel is a thread I started recently and it got deleted immediately. You are probably on the right side of the trade. But some of us put money in pms that they don't need because they have a profitable source of income and more money than they need. Pms used to offer a long term store of this kind of wealth without counterparty risk.
I think real estate and the value of poor humans will nosedive harder than pms in the coming times.

>>53155810
Yes but imo not by inflation. It's easier to make common people poor by not giving out loans anymore. Young generation is poor and bought everything and most of all the real estate bubble with loans. Crashing real estate prices because no new money flows in to buy someone else's bags will lead to revaluation of the houses and the banks will ask for higher interest rates. 50% of private wealth in Europe is in real estate, mostly boomers. Housing is a basic need which is hold by multiple owners. Most of food and the distribution of food is controlled by a few companies. It is easy to create higher prices here for example if you cut off Russia or Ukraine, which provide together about 20% of the world grain supply. Now, the banks have time and they could go on creating money exclusively for military, police and bureaucracy while the rest gets poor quickly because increasing food prices consume a huge percentage of their income/wealth compared to cash rich people who also only need the same amount of food per day. Still, I'm bullish for silver because only few people hold it and it is essential for electric devices. But I am just a small farmer and don't really have insider knowledge. I can only say for sure that fertilizer prices went up the last years, farming wasn't really profitable compared to other meme businesses the last years and at the moment my government plans higher taxes for land owners. Also picrel is a thread I opened a few days ago and it was deleated emidiatly.

>>53046907
Same. Jannies deleted my biz related thread today.