/biz/ - Business & Finance

>>55223148
>>55223855
Silver and gold are not good investments to beat inflation, especially when it's at like 9% instead of 1-2%. At best they're "stores of value", they're only actually useful counter-cyclically and only gold at that since silver is absolute shit. Most of the value of coins is from collecting purposes and baggies. I think it's fine if you like collecting stuff but I think it's a cope to think that your silver/gold will massively value because of an apocalypse or some pre-FIAT cope about the intrinsic value of precious metals in the age of digital money.
If you just wanted to beat inflation the Shit and Piss 500 is 11.59% up YTD. Do not take financial advice from political extremists, prepers and conspiracy theorists; at the end of the day they're all financially invested in an highly entrenched market that's devised to create bagholders.
Again, perfectly fine to buy precious metals for collecting purposes, perfectly fine to invest in extraction companies, perfectly fine to invest in commodities, perfectly fine to make gold/silver trades to anticipate counter-cyclical price action; but if you want to make any money this isn't it.
Arguably you can still make money off of Gold, but that's commodity wise, premiums on physical will shaft you.
Furthermore, I won't accept criticism of my post unless you trade in gold/silver futures and choose to accept delivery of the underlying commodity at the end of the trade rather than closing your position.