/biz/ - Business & Finance

>>18582905
>My local gold dealer charges 7% over spot to buy, and I'm sure its another 7% to sell.
Your local gold dealer is screwing you massively.

>>18583044
>Gold is nothing more than paper money, except less convenient.
Compare holding paper money for 100 years, versus holding Gold for 100 years. Paper money loses value over the long-term. Gold appreciates slightly over the long-term. Over a century, or any long period of time, there emerges a huge difference.

>>18583586
>All your fucking housing is going to COLLAPSE up to 90% or more.
What does "up to 90% or more" mean? Doesn't that literally cover every possibility? Less than 90%, or 90%, or more than 90%?

Also, housing prices have never decreased by 90%, even in the great depression or the 2008 housing bubble. And it's never going to happen across the entire US - unless something like Mad Max or The Walking Dead apocalypse happens - which hasn't ever happened in human history.

>>18584046
People have stored value in many different physical objects across human history. Gold is not uniquely valuable, or anything. The opposite, really.

Gold is less useful in a collapse than most other stuff people stored 150 years ago. E.g. food, tools, firearms, land.

>>18584331
Foreign countries are only going to dump guns in the US if there is a total collapse of the US military. Which is unlikely, even in a very apocalyptic scenario.

And creating reliable guns on a mill/lathe isn't easy. I'm not saying that some people won't learn - but it's not a common skill. Many gun manufacturers have difficulty producing reliable weapons. Also, it will be pretty easy for there to be an ammunition shortage.

>>18584268
Gold also didn't explode in price. If you had to go through the Soviet 1990s, you'd stock up on necessities like water, canned food, medicine, land, et cetera. Not Gold.

Although you'd obviously prefer Gold to paper currency.

>>18584471
>Some smaller countries indeed went Mad Max.
You need to re-watch Mad Max.