/biz/ - Business & Finance

why is the stock market so boring currently?

it's literally just crabing around where it was 3 weeks ago already

>>13272960
doesnt that mean it will go up now?

>>549895
Gold and silver are a backup, not an investment. You keep them as a savety against a failing state, or war.
They are not a good investment, i repeat.

>security against inflation?
Yes, but only in the long run. People who bought it circa 1 Year ago lost 60% of worth by now and have to wait till the crisis intensifies again.

IF you have the means i advise you to buy silver bullion coins (Maple leaf, double eagle) or gold coins with a purity below 900 (Vreneli, Tscherwonetz, Souvereign, maybe krugerrand) but a high circulation rate. You dont want to own bars (to easy to counterfeit) or collectors coins (price way higher than the price for the actually contained gold)
ONLY BUY FROM A TRUSTED DEALER. At least if you dont want to sit on worthless tungsten filled copies. And only buy coins that are better known. There is nothing worse than having some form of gold but no one to trade with, because noone ever heard of your fancy 2,5 Pesos Hidalgo in your country.

I dont know about your economy, but normally craftsmen are in high demand, because you have to keep your shit running instead of buying a new one. So being a craftsman should be a better investment than stocks (if you dont understand how stocks work)

Download stuff like The millionaire next door, that could be helpful.

There is this saying that the Rothshilds (supposedly) had:
Keep:
1/3 in Gold
1/3 in properties
and 1/3 in businesses

AND NEVER FORGET TO KEEP A CASH RESERVE. Elsewise you will be forced to sell your stuff in inconvinient times.

Thats all vor now. Godspeed anon.