/biz/ - Business & Finance

>>13374621

I have 1 oz of gold cause it looks cool

I bought gold and silver back when Glenn beck and infowars told me to. It's only lost value

>>13374621
I began stacking silver this year. Eventually I'll work my way up to gold.

invested about 20k in gold. at least i'm getting 2% interest on it

>>13374840
This is the reason i wanna get it.
Just a way to hold my savings instead of having fiat in the bank

>>13374775

Gold is a hedge only in bad times. It's value always returns back to the mean. No matter what you think of Beck and Jones, investment advice isn't what I would to them for. Dave Ramsey too, for that matter.

>>13374840
How are you getting interest

>>13374621
Yes, I bought a ton of silver but the chart feels bad.

>>13374937
What is the mean?
Inb4 value of all paper assets.
With crypto dominating the future, gold might as well deteriorate to become a peasant tier industrial metal like silver. Then it will be valued like 250$ like in the early 2000s.

I'd argue that palladium and platinum are smarter choices. They have far more industrial uses. Palladium's spike suggests that it's valuable for some unknown reasons, probably alien technology.

>>13374947
i lend it back to the shop selling it. it's fixed for one year, then you can cancel it and get your gold home if you want.

>>13374995
It's simply automotive catalyst demand. Good luck selling catalytic converters for electric cars..

>>13375008
Inb4 they run a ponzi scheme where they hope that never all of their clients will withdraw the gold at the same time.

>>13375016
no it's not a ponzi scheme. it's called non-cash lending and is a win / win situation for both parties

>>13374991
Not that guy but the average historical return is something around 2% so its good for holding value

>>13374991
>crypto dominating the future
kek

>>13375011
It's not just catalytic converters. You're right that it doesn't seem logical, so there must be some hidden reasons to explain the spike.

that something has industrial use makes it pretty useless if the economy collapses.

>>13375115
If the economy collapses you have bigger things to worry about.

>>13375134
true, but comparing it with gold, a insurance for economic crisis, is stupid. is it the better investment? maybe i dont know

The only precious metals are bullets
And cans of tuna

>>13374621
OP here, let me clarify further that the reason im thinking about precious metals is for saving reasons.
im thinking about depositing a sum of my savings into gold and silver and keep it in a local storage.
both to avoid the gubbament but also to retain value

>>13374621
>>13374905

muh shinry rocks

heavy and useless. buy btc

>>13374937
With Trump pushing for lower rates and quantitative easing buying some gold now is a good idea.

>>13374964
Where do you buy?

>>13374621
No, but I do sell Chinese gold to boomers

One of my old friends, who I love, but he’s an uneducated guy (formally), a working class type, like all the people from my home town, that I outgrew by natural ability, asked me if I’d invested in precious metals. It was adorable watching his minuscule intellectual prowess attempting to convince me to buy precious metal “investments.” Little does he know, I’m gay and my portfolio is 100% ChainLink.

pls sirss buy boomer rock is very shiny big pump coming soon

>>13375193
brb storing 100k in tuna and bullets

The best investment is the whole stock market index with reinvested dividends

Yeah a few gold and a couple of silver coins. About $4,5k worth
I just wanted to diversify my small savings into that and crypto to not have all in fiat
I invested the same amount in crypto and it has given me 10x the value so that's nice

>>13374621
No, but i think Rheinmetall AG is pretty metal though.

>>13376134
>I’m gay and my portfolio is 100% ChainLink.
>my portfolio is 100% ChainLink.
You already said you are gay

>>13374964
Pic related is worth about ...let me guess , 900$? lul

>>13376249

Fuck off , no one wants German stocks . Germany is dead in 10 years

>>13376503
The coins in the box and the 3 rows are worth about 3 grand roughly, I dont know about the rest.

>>13376221
>crypto and it has given me 10x the value
nice
thing is tho that i wanna use the gold more as a savings account, just instead of having it in fiat in the bank then having it in gold as to retain the value, not exactly as speculation/investing

>>13376551
>thing is tho that i wanna use the gold more as a savings account

I do this. I put my emergency savings into gold/silver. So its emergency in case of a rainy day, AND in case the economy collapses, AND it has the potential to moon due to tech.indsutrial uses or scarcity

>>13376679
i see
what does moon mean? im new to the investment shabang

>>13374995
Wrong. All the platinum metals are garbage because they have poor liquidity in the market. Focus on gold or silver.

>>13375069
It's unironically catalytic converters. Plus there is only one Pd mine in NA which is currently ramping up it's exploration. They're hiring a lot.

Bought 170 ounces of silver in 2011 when it was like $30 a ounce or some shit because my dad is a doomer boomer who thought the economy was going to collapse and go into hyperinflation and told me to buy some and he would cover any losses if it didn't work out. Gonna hold it for the next 40 years and see what happens.

>>13377085
Fucking /biz/ shilled me silver at $13 bucks each and I still feel scammed.

death to all gold bugs

>>13374621
YOU CAN'T EMAIL METAL

I fell for the gold meme. Can't even convert it back to fiat without losing 10%

>>13376503
You triggered me. Just didn't want people here to be intimidated by my actual stack.

>>13377565
Which is too big for picture. Almost a actual ton

>>13374991

Gold's been a traditional asset to escape too when stocks are doing bad and no one wants to cash out in the world's current reserve currency.

>>13377592
>>13377565
jo bist du deppad oida, nice

>>13377565
>>13377592

I’ve got about $5,000 in GLD and $2,000 in SLV.

>>13376839
https://www.youtube.com/watch?v=_PXU0thDHCU

i just dont see the point in gold now we've had bitcoin for so long and its performed so well.

sure, late adopters missed out and lost out, but they did if they bought gold at the peak too, only gold has very little upside relative to the insane growth of bitcoin, and you can't safely store gold and move it around easily, which is the only reason to bother with it, given how relatively poor it is as a speculative instrument

anyone into numismatics or whatever
i got a bunch of £500 each gold coins off bullionbypost
people into gold/slv kinda laugh at me but whatever they're cool. made in like 1700s or whatever

>>13377592
>>13377565
holy shit dude. i normally don't post but you went way down the silver rabbit hole. silver barely outperforms gold and only at >60:1 GSR. gold on the other hand takes about 80x less space.

fwiw, i have nearly 1 lb of gold and 150 oz of silver.

>>13377817
also i buy an coin that appears that is BIG and affordable you know - the massive silver ones
again just look cool

>>13377840
What should I see here?

>>13377592
Why would you buy so many coins? You could have saved a lot of money by getting the biggest silver bars possible. Just a few 1000 oz silver bars would have worked.

>>13377885
>asking to be told what to see
never gonna make it senpai
( it's explosions outwards )

>>13377969
20% VAT on bars compared to 7% VAT on coins
Maybe not back then when he bought but at least now.

>>13377969
looks cooll and doomers think muh collapse silver is divisible.. or smthg

>>13377475
Retard. You can always sell gold for spot no matter what. Gold is gold. Your comment would apply for silver though.

>>13377992
>VAT
Y I K E S. Imagine living in yurop.

>>13377827
1000oz silver
1000oz gold

My personal goal. Total weight around 125lb so very portable and a good store of value.

>>13377992
>vat
>on savings
Hope Africans exterminate you

>>13378034
1000oz of gold is like $1.3 million. 100oz gold should be enough bro.

Give me 1(ONE) reason to go for metals instead of investing in index funds and leave compound interest to do the rest

>>13377992
im glad i live in denmark, we have no VAT on fine gold nor fine silver, very nice
mirin your stack

>>13376679
>asteroid mining
>PMs become worthless

>>13377222
Checked

>>13378209
I was thinking about buying a 400 oz gold bar two years ago (never went through with it), and it just seems like you'd automatically lose to inflation.

At the point of sale, you pay 10% in long term capital gains. Assuming that gold held its value, that 10% is coming directly out of long-term money you "made" against fiat. As time goes on your investment tends to the limit of 90% of your initial purchase price.

>>13377475
Meanwhile you can convert crypto back to fiat at a 10% markup. Goldfags eternally btfo.

>>13378277
But how do you pay for all your """"free"""" stuff then?

>>13378034
>total weight of a billion dollars of crypto
>0

>>13378302
that's why you buy smaller weights of gold. the market for big weights is limited.

depending on your national laws, there can be zero capital gains tax. this is why i buy 25x1 gram gold coins in canada. they are collectible and per unit cost exemption means i don't have to declare shit.

>>13374621
Don't have much now but I'll buy more when deflation starts then I'll sell everything and buy BTC after gold and silver moons

>>13378314
VAT on everything else as well as 50% income tax, it's a cruel world anon
>>13378389
why do you think fiat will deflate?

>>13375046

How is that a win for them?

>buy gold for significant sum
>economic apocalypse
>trade gold for bread

>>13376098

>Heavy

No.

>Useless

Whatever electronic you're using right now uses gold and silver. What is BTC used in? Oh that's right, absolutely nothing. It isn't even vapor. It's a resource drain and it's value in the future will be measured against the resources and technology today - ie: next to nothing.

>>13378488

>Economic apocalypse

You got a lot more problems than trying to offload your gold. If that's your barometer of a good investment, you should be stacking ammo.

>>13378302

>Reporting your gold sale to the IRS

Get the fuck out of town.

>>13378248

Give me 1(ONE) reason to invest in crypto. There literally isn't one except for diversification. If you want to put all your eggs into an index fund go right ahead. If the market crashes all your eggs are broken.

>>13378507
>metal isn't heavy
>money should have a use outside of facilitating trade

nevergoingtomakeit/10

>>13378552
I can plaster my encrypted private address all over the internet and make a billion backups that nobody can steal from. I can literally be anywhere and have access to my money. I can send it over the internet. I don't have to worry about counterfeiting or dilution, etc, etc.

>>13378209
100oz is a realitistic and sufficient goal but my dream goal is 1000oz.

>>13378564

>Metal
>Money

NEET/10

only metals i’m holding are deez nuts. straight brass

>>13378580

>Why should I invest in crypto
>Durr cause you can spend it

Ok?

>>13376512

3 tops

>>13378201

It's worse than that, they're also savings taxed progressively so if you actually save money your taxes go up drastically. Paper prices go up? You pay unrealized gains taxes and have to sell property to pay it or work for free.

Are you beginning to understand why our governments want a monopoly on guns?

>>13378248

Because central banks printing money into oblivion is the only thing propping up the stock market

>>13378597
>>13378612
No arguments found.

>>13378685

Well think about it. What is the main issue with fiat as money? It works fine for short-term trading and it can be used digitally.

>>13378685

Right, I didn't see a single argument out of you to own crypto as an investment.

>>13378737
>it can be used digitally
Are you saying digital use of money is a drawback?

>>13378779
see>>13378580

even diamonds and antiques are a superior at holding value to metals. What kind of moron "invests" in this shit?

>>13378799

Ok clearly you have brain issues. You can't even answer simple questions. Stay poor.

>>13378799

That's not a reason to own it as an investment. That's a reason to own it as a currency.

>>13378801

>diamonds
>antiques

Get the fuck out of here boomer. antiques haven't been popular since the 1980s, it's completely dependent on social trends, difficult to broker without getting raped on commission, and you need a temperature controlled room to store them. Diamonds are also garbage, you can tell because the resale value is always less than retail.

A diverse collection of precious metal is far superior to either of those things as long as it's only constituting 10% of your net worth at the very most. I would recommend 5%.

I have some silver

>>13378835
>limited supply
>can't be counterfeited
>highly divisible
>impossible to steal if stored properly
>ability to transfer it globally
>ability to store it securely and access it anywhere

List goes on. If your argument is that it isn't an investment like gold isn't an investment but a hedge, sure. Although as of right now crypto can only build liquidity. Once its adopted globally the ability to profit off of it will be pretty much gone.

>>13378916

>Limited supply

GTFO out of here with that. Many crypto has no cap and no law is stopping BTC from adding to the supply.

>can't be counterfeited

But can be hacked and fucked with. Has happened plenty, will happen again.

>impossible to steal if stored properly

You mean like literally anything?

>ability to transfer it globally

Oh, like fiat money?

>ability to store it securely and access it anywhere

Oh, like fiat money?

>Once it's adopted globally

It is already adopted globally.

Just admit that crypto is a riskier game than precious metal and move on.

>>13379029
>buys shitcoins and applies it to all crypto

No wonder you're too stupid to hold. The blockchain has literally never been hacked, you absolute moron.

>You mean like literally anything?
I can steal your safe. You can steal my safe + paper wallets, but you'll never be able to pull off the funds. Once I crack your safe, I've got your PMs.

>oh like fiat
>if fiat can do something it means all other mediums of exchange that can do it are bad too

Imagine being this retarded.

>its already adopted
Not even close, jfc. How many people do you think actually own crypto and especially how many business do you think are using it? Maybe .5%?

>Just admit that crypto is a riskier game than precious metal and move on.
I never said it wasn't. Fortune favors the bold. If I'm wrong and crypto doesn't get adopted I lose. If I'm right I'll be sitting pretty goddamn comfy.

>>13379103

Oh I see now, you're a degenerate gambler and you're trying to justify yourself. Sometimes I forget this whole board has an addiction and I start thinking there's no way replies like yours are intellectually honest. Then I realize you tricked yourself due to a mental illness.

>>13379133
I'm not basing my risk off pure speculation. Apply the fundamentals of PMs to crypto. Where they align where they don't and its very easy to come to the same conclusion I have. Just fucking try and be objective and you'll see how crypto does what PMs do and does it far far better. The only real risk is muh electricity, in which case you need guns and food, not PMs.

>>13379159

>Apply the fundamentals of PMs to crypto

I knew you were full of shit before but I didn't expect you to show your cards. Good luck with your addiction, anon. Get help.

>>13376503
That's $900 more than you when the economy goes to shit and your paper isn't buying you things anymore.

>>13379029
That law is code you god damned fucking retarded person
Thats what all those forks are about

>>13379190
Surely being this emotional is a sign of a rational person. I can only lead you to water, I can't make you drink.

>>13379192

This. In that scenario, PM will hold value. Only the most primitive of cultures didn't regard it as valuable. Even for that reason alone it has intrinsic value, history. It could crash but it always rises again. For proof, see: 10,000 years of human history.

But this anon >>13379190 wants to apply the fundamentals of PM to crypto because...reasons. One of which is to fit a narrative that he sold himself on.

>>13379223

>Created using 2008 tech
>Thinks it can't be altered

I can't even imagine being this short sighted. It's like you're a newborn.

>>13377969
>>13377827

In a collapse scenario, buying with silver is a lot easier than buying with gold. Using gold like going to the store with only $100 bills and the clerk doesn't have change.

>>13379233

>I can only lead you to the casino, I can't make you gamble

Thank god.

>>13375046
No such thing as a "win win situation for both parties" exists in a zero sum.game

what youre doing is youre allowing the dude to sell you at price x and then youre giving him a year to buy 2% below that price to break even or to buy at 2%plus to make gains. Got it?

>>13379262

If you're truly investing in PM for a collapse scenario, you should have 1g bars mixed with your oz coins/bars. Those would be rare and useful.

>>13379292

It's not a zero sum game. A zero sum game would be if you gave the guy $20,000 and he gave you back $20,000. If you get to take home more than you gave then you're up. Since the price of gold fluctuates, whether or not the store is up or down isn't guaranteed. It sounds like what the store is doing is trying to reinvest that gold elsewhere and in essence anon is loaning money to the store for a risky game at 2% interest, which is super low and no one in their right mind would do it cause he could just pack up shop and leave. But hey, anon knows what he's doing...r...r...right? I mean, if you're trying to get 2% back why not just put the cash in a savings account that yields 2%? There's plenty of them out there.

>>13379257
But see thats the thing
Math isnt 2008 tech

>>13379364
I dont think so
I think the guy goes "yea man ill sell you for 102% of todays price if you give me a years time to procure!"

Only the financially illiterate actually hold gold.

>>13377969
These coins are silver but fully hedged. Each coin contains 4.20€ worth of silver and has a nominal value of 5.11€ (10 DM actually but can be exchanged at cental bank). I bought them for 5.20€. Worst case when silver drops to 0 I can still exchange them for 5.11€. Their reward profile is very different from normal silver bars.

>>13374621
1% Cash
1% Gold
1% Silver

its only purpose is to look pretty, or maybe a hedge if the internet goes down.
Bitcoin is just better in every way. Can trade much easier and cheaper.

>>13377044
how do you profit off this then

I'm mostly buying silver right now. I'd like to increase my gold holdings but silver is so cheap and no one seems to want it so I might as well scoop it up before it breaks out.

>>13378248
Why not both?

>>13378248
Always keep 10% of your net worth in easily accessible and transportable metals.

>>13379883
>easily accessible and transportable metals

>>13377565
>>13377592
Jesus fuck anon. You could've already made it had you poured that capital into US equities like 4 months ago.

>>13379904
this...

>>13380594
I rather wait for leveraged credit asset hodlers to feel the heat. Physical metals and Altcoins are probably the least leveraged assets right now, hence they should fare pretty good.
The whole narrative of the reflation trade like 2015/16 is wrong since this time around inflation will be much more an issue. So either central banks don't give fucks and they let it inflate, then the public will feel it and make precious metals and crypto boom again or they will not inflate and let the credit get much tighter in which case all asset prices might go down but crypto and physical precious metals should suffer less because they are not financed by credit.