/biz/ - Business & Finance

>>19054447
>>19054470
We're on the same page actually, totally agreed that gold/silver is massively undervalued. 10x in NOMINAL value within 5-10 years is pretty much expected with all the inflation that will come.

But you must separate the concepts of nominal USD value and actual purchasing power. If gold goes 10x, that's because the dollar has massively devalued too. Again I do agree that your purchasing power will go up with metals because we're on the precipice of that long macro cycle turning the other way. But if you can buy an average house with 200 oz gold today, don't expect to be able to buy one later at 20 oz, not fucking happening. Like I said, 100 oz is more reasonable, and that's if you time everything perfectly

>>18639277
1 oz is worth 1 oz worth of goods. Gold keeps it's value but never grows. It does nothing. It can't be worth more when it never changes. That's the point. If you want to make money buy something working.

>>18602046
Precious metals aren't like your shitcoins, they don't moon. You don't buy them to get rich, you buy them to stay rich. It's a way to escape government mandated inflation and retain your wealth and purchasing power permanently. The big brain way to play it is to just swap your gold for silver every decade or so as the ratio swings up and down. Compound your ounces over the years without dealing with fiat.

1000 years ago 1 oz of gold would buy you a very nice suit. 100 years ago 1 oz of gold would buy you a very nice suit. Today 1 oz of gold will buy you a very nice suit

>>17919329
I put in an order to JM Bullion for 100 toz of silver and 3/20th toz of gold, all Canadian Maple Leaves, since they had a much lower premium compared to ASEs.

Granted, this was 4 days ago and my credit card payment is still pending, so I have no idea if they even have it in stock.

Got word that the lower for my AR-15 was shipped today though. That's good, and thanks to the anons who advised me on what funs to buy on PSA last week. The prices have gone up by $30+ since I bought it last week too lmao.

>>17829789
This. Precious metals are not a speculative asset, they do not "moon", they simply retain their purchasing power.

A thousand years ago 1 oz of gold would buy you a very nice suit. A hundred years ago 1 oz of gold would buy you a very nice suit. Today 1 oz of gold will buy you a very nice suit.

>>16972051
You're supposed to swap between silver and gold every 10 years or so as the ratio oscillates so that you gain ounces, he's just a dumbfuck. Also

GOLD AND SILVER ARE NOT AN "INVESTMENT"

THEY DO NOT APPRECIATE, THEY DO NOT "MOON"

You don't buy precious metals to gain value, you buy them to preserve value you already have. 1000 years ago 1 oz of gold would buy you a very nice suit. 100 years ago 1 oz of gold would buy you a very nice suit. Today 1 oz of gold will buy you a very nice suit.

>>16808781
Purchasing power of precious metals does not moon. It just stays the same, that's the whole point.

If you can purchase a nice suit with your PMs today, you can expect to be able to purchase a nice suit with them 10 years from now.

The USD value will change for sure, but that's not what matters

>>16740067
A lot more than you'd think. What metals? What forms (bullion/rounds/govt mint/collectable/junk/pre-33)? Where to buy? Physical vs. paper ETFs, indexes, futures, mining stocks, self-storage vs. vault, metal ratios, monetary vs industrial, historical performance during deflationary vs inflationary recessions, govt confiscation, transportation, taxes, legal tender. Hell even prospecting on your own land claims. Not to mention discussing whether numbergoup

It's the only real hard money in the world, doesn't require any electricity or energy to simply sit there and hold its value forever, an asset class unto itself, completely separate from all fiat-derived instruments, and an entire global marketplace of products and possibilities are beneath the thin veil of "shiny rocks" that most normies see, should you only have the curiosity to look beneath

>>16597403
They are fundamentally a store of value. In the current fucked up broken economy they also serve as a long-term investment and insurance against inevitable inflation.

As far as purchasing power goes... In the middle ages 1 oz of gold would buy you a very nice suit. A hundred years ago 1 oz of gold would buy you a very nice suit. Today 1 oz of gold will buy you a very nice suit. There will be spikes above the mean, and such a spike is definitely coming, but in the long run the purchasing power of gold has always remained steady.