/biz/ - Business & Finance

Not buying your bags boomers

New ATH is coming for both Gold and Silver.

Paradigm shift imminent, non gold/silver holders will rope soon

I really hope it goes back down so I can keep stacking cheaply but we're probably in a bull market so it won't.

>>14922855
>Paradigm shift
go to bed Dalio you are just a washed up boomer

scroll out
Silver is going back to 10 and Gold is going under 1k

>>14922767
Gold will be back to $1700 by eoy

>>14922841
What is an ATH bro??

>>14922767
I'm expecting upward pressure due to easy monetary policy. The ECB will pick up soon again, the IMF demands -10% interest rates, the Fed will also lower interest rates, there's a consensus on a coming recession with corresponding uncertainty, central banks buying a lot etc. etc.

But note that measures are already being taken to restrict anonymous gold purchases in Europe. Further restrictions may be introduced in concert with central bank policies. At some point it could get banned entirely again. But there's a certain window in the next 1-2 years in which it can do very well.

>>14922916
>Silver is going back to 10 and Gold is going under 1k

>>14922812
>buys stocks instead

>>14923101
Propping up stock prices is arguably the new mandate of central banks. They may just start buying them directly, which isn't a new idea and would probably be met with little resistance even though it will accelerate the introduction of a new feudal system.

https://www.ft.com/content/e310eb10-aa07-11e9-984c-fac8325aaa04

https://www.bloomberg.com/news/articles/2019-04-05/blackrock-s-rick-rieder-says-ecb-should-start-buying-stocks

>>14922767
Gold already has a $7 Trillion market cap. Go all-in on Chainlink.

>>14922855
Muh apocalypse
That us boomer wet dream is the peak delusion. You'll sell all your gold bars for a can of beans and antibiotics if you're lucky enough.

>>14923101
this is /biz/, we only invest in worthless virtual money

>>14923076
Do you have a source where I can read more about EU's restriction on anonymous gold purchases?

>>14922767
mmmm that 7 trillion looks so juicy
you guys don't mind if we take 1t off, right?

>>14922882
>>14923826
these are the types of braindead zoomers who will be selling their entire networth to me for a single ounce of silver
Imagine thinking this global generational debt based fiat ponzi scheme is sustainable
Imagine thinking your thin air crypto ponzi coins will moon in a fiat collapse
Imagine not hedging 10-20% of your net worth in rare earth metals

>>14924445
the debt based fiat is not sustainable
I don't know which coins you're talking about, but bitcoin is digital gold and it was made by a gold bug anti government cypherpunk (Szabo)
you should probably hedge all your net worth in btc and rare metals
at least the money you're not moving, all of it should be in assets which are not controlled by any gov.

>>14924337
germany lowers the max. from 10k to 2k. everything above 2k requires kyc from 1.1.2020 on.

>>14924510
>bitcoin is digital gold
yeah ok and porn is digital pussy

>>14924510
Your digibags will be worth nothing in a carrington event, or even just a power failure. Good luck trading in your usb drives then.

>>14924337
I only saw a recent update for Germany, limiting anonymous purchases to 2000eur per day starting in 2020 - down from the previous limit of 10,000.

https://bitcoinexchangeguide.com/after-cash-german-government-planning-to-restrict-anonymous-purchases-of-gold/

I assume you'll find similar things in other countries. Maybe a bit further down as the new ECB QE measures are introduced. General cash purchase limits have been lowered across the EU in recent years, though they are still largely implemented in different ways at the nation level.