/biz/ - Business & Finance

Nah. Opsec and everything.

I got a whole vault full of gold coins and I sure as hell am not about to let my pesky cousins swim in it.

>>1545204
>drool in jealousy
Stay poor

been lurking /b/ and /biz/ saving pics of gold, silver, and cash for ages, cuz I'm lame like that

reposting

>>1545326
>>1545329
>>1545332
>>1545337
>>1545342
How much is the gold in each picture worth and how much do you have in total? Age? What do you do? Why do you have so much of it? What's your net worth?

>>1545332
What are those lovely squares in the center?

>>1545204
going for silver nao, since no one is interested

ITT: Less worth than anyone with basic retirement savings and a mortgage would have.

Anyone who wants to help someone live on, please, check out my thread on /wsr/.

>>>/wsr/200398

>>1545204
What's the big one?

>>1545332
I Want those fucking nuggets you know the ones

I really want the british beast gold coins, and gold is kind of dropping right now.

>>1545204
Why do you buy these gold bars?

this desu... Do you guys have this for SHTF? Protecting yourself from inflation? What?

Either way, sweet stacks bitches

>>1547486
i have bout 12k in silver and 12k in gold
it's for inflation and/with SHTF

i mean if sorros buys gold it's high time to buy some too

>>1547720
This

Gold and Silver is technically money

USD are currency

Money must have three properties
-Medium of exchange
-Unit of account
-Store of value

Considering that the USD's value is derived from faith in the US government, and the fact that a dollar today is worth less than a dollar a year from now, one can conclude that it is not money, but rather CURRENCY

Gold and silver have held their purchasing power since roman times. Thus, they can truly be considered Money.

what's the general consensus on platinum here?

>>1545728
>Counting a mortgage as wealth
Never ceases to amaze me.

Anyway I don't buy this stuff cause it's too risky to hold and the price is aggressively manipulated. It is interesting though

>>1545332
can i suck your dick for gold?

>>1545342
didn't canada sell all it's gold and started stocking maple syrup? get with the times leaf, it's 2016

okay so let me get this straight
if you buy 1k worth of gold in USD in 2020 then in 2040 that gold will be 1k USD? or will the value of that gold stay at $1k 2020 USD

>>1548002
no. precious metals are hedges against a SHTF scenario. they will always be worth SOMETHING and they last a long time, unlike lots of collectible items and shit.

you don't buy precious metals as an investment. that's totally pointless. i know a guy that bought thousands in silver in the 1990s and he actually made some money when he sold in the late 2000s, but that's it.

>>1545204
>post your stacks so I can take the exif data from your picture and rob you
nah, they're in the safe for a reason.

>>1548002
Cant tell if actually bait... therefore good bait... If not bait then poor comment FAG

>>1547486
Not me. Hell, i don't even believe such thing will happen in my lifetime. I buy these because they're pretty.

literally just started buying silver. Got 5 AES and 5 Kangaroos.

Want to buy junk silver but it seems way to expensive on the online sites.

Any advise on buying junk silver?

>>1548002

in the sixties gold used to be like 35 dollars an ounce

also in the sixties, a good suit would cost you 35 dollars

these days, gold costs over 1,000

these days, a good suit costs over 1,000

long story short: gold can hedge against inflation

>>1545332
fucking nice

i feel like a major pauper reading this thread

but then again, i am

>>1549039
not a great example since in the 60's the price of gold had been artificially kept at $35 for decades already.

also it was illegal to own gold then.

>>1545332
how much do you guys estimate all this is worth?

>>1549451
the gold alone looks about £90k to me

>>1545332
What are the papers?

>>1549493
Australian dollarydoos

>>1549451
about 90 oz t of the golds maybe?

>>1549496
But why? Why would someone exhibit fiat money next to gold?

>>1549500
Perhaps to prove it's real? Looks to be over 100k.

>>1549504
Yeah, but i'm still baffled. To accumulate a gold and fiat currency, it's like putting precious water in a sealed barrel and in a leaky bucket at the same time.

>>1549510
just because someone has some cash sitting around doesn't necessarily mean they plan on keeping it for the next 20 years or something.

In fact cash is pretty useful for buying things. Quite a bit easier to spend than gold or stocks or pork bellies.

I keep a couple thousand US sitting around all the time. It's just my spending money, I don't care if it's earning anything.

>>1549514
Of course, but i thought the thread was about gold.

>>1549510
>>1549500

>>1550890

I've thought about buying precious metals. Got any good sites to buy it from? Goal is to pretty much purchase a gold brick

>>1548232
>>1548232
>>1548232
this

>>1549039
>born in mid nineties
>just getting smart/old enough to see gold's value
>live in US
>+1k for an ounce

Fuck all ya'll. This is shit. An my Gen's suppose to thrive, let alone survive in these conditions...

>>1549443
It's not that is was artificially kept there, it's that it was the standard for our money. The value of our money was kept where the gold was.

Although i think his argument that gold will hedge you against inflation just because it always has i very strong.

Someone's gonna mine an asteroid one of these days yknow. Gold's not gonna be quite as rare.

>>1551623
ISN'T**** very strong

>>1551033
jmbullion or apmex