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/biz/ - Business & Finance

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15667097 No.15667097 [Reply] [Original]

>Take a fixed rate loan out of the bank
>Buy BTC and gold
>Wait for bank collapse, debt default or hyperinflation, whichever happens due to the current state of world economy
>BTC and gold skyrocket
>Loan is now defaulted or inflated to a fraction of what it was before

It's so easy frens, try and prove my strategy wrong.

>> No.15667114
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15667114

>>15667097
>Wait for bank collapse, debt default or hyperinflation, whichever happens due to the current state of world economy

>> No.15667142
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15667142

lol good luck op

>> No.15667154

>>15667097
>law that fixed rates are invalid to save banks

>> No.15667164

>>15667097
Future pink Wojak spammer

>> No.15667219
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15667219

>>15667114
>>15667142
>>15667154
>>15667164
I told you, you can't prove me wrong. Read a bit of financial history and you'll see the risk-to-reward ratio is more than worth it.

>> No.15667256
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15667256

>>15667219
This is not how you short things
But again, gl hf

>> No.15667261

The problem is that we don't know when the banks will collapse. If it takes them 10 years you're credit is fucked and have debt collectors after you.

>> No.15667275

>>15667097
>>15667219
youre a gd retard. better change your number often to shake the collectors
"someone elses debt, is anothers asset"
if you had some real balls youd but guns and tell them to come get 'em

>> No.15667313

>>15667219
Gold prices will quadruple overnight
you can't prove me wrong

>> No.15667326

unironically thats what some of our customers do (I work at a local bank)

>> No.15667328
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15667328

>>15667261
>>15667275
Even if the value of my loan stayed the same, Bitcoin and gold are bound to rise way faster than the loan interest.

>> No.15667358

>>15667326
what do they say they are taking the loan for?
>>15667328
take notes on the above

>> No.15667414

>>15667358
I don't know exactly, probably he needed to buy some machine for work. Client transferred 23 k to coinbase

>> No.15667446

>>15667097
You still need to pay it retard. They sell your debt to other lenders as part of the bankruptcy process
https://www.investopedia.com/ask/answers/07/mortgage-lender-bankrupt.asp

>> No.15667473

>>15667446
his point is that it wont matter since the debt doesnt have the same worth due to inflation

what he doesnt take into account is that the government might take action to support banks and adjust rates. also his wage wont increase the same as inflation will

>> No.15667495

>>15667219
>timing the market
You're gonna suck 1000 dicks to get out of poverty, OP. Don't take the same road your mother did it's not worth it.

>> No.15667643
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15667643

>>15667097
your model is good based on the rate and the term of the loan. An inflationary wave finally starts next year.
what are the loan details. make sure you keep reserves to service the loan if there is a pause in your income.

>> No.15667736

>>15667495
His mother bought bitcoins? Doubtful

>> No.15668435

>>15667097
it's what i have been doing, then negative interests happened

>> No.15668645

>>15667142
it's exactly what I did in 2012 with bitcoin now I am the owner of 300'000 bitcoins