/biz/ - Business & Finance

>never trust jews
Recession is surely going to happen.

>>16724784
strong sell signal

jeah goldman sachs is realy a trustworthy source

>>16724784
>it's okay guys nothing bad will happen don't worry.

This just tells me to buy more silver and chainlink.

>>16724836
no gold or bitcoin

>>16724878
I already own gold, Of my 350k savings 300k is in gold kilo bars. I own 1 btc and that's all I'm willing to buy.

>>16724891
chainlink is a scam

It's true. The genius Jews who control our economy have cracked the code. Recessions are now a thing of the past :^). Happy New Year, ya'll!

>>16724891
Thats foolish

>>16724784
>this is a new paradigm

>>16724896
perhaps, but for a supposed scam it's made me 20k usd so I'm pretty happy about that. I've already made the money back from my job(construction) to make up for the 11k link I bought a year ago.

>>16724899
Why is it foolish? Gold and silver will never not be valuable. I have high hopes for BTC but I trust chainlink more than BTC.

>>16724784
I mean, central banks from around the world are directly subsidizing the equity markets. Goldman is probably right for at least another few more years. Possible even a decade.

>goldman sachs
literally the BIGGEST kike bank that fucks their own clients to fill their pockets lmfao

>>16724931
Not so much that you bought gold or silver, but that it’s in kilo bars. You’d want your gold and silver in smaller quantities to spend if SHTF or even for the ease of selling. Gold/silver rings, coins, nuggets.

>>16724784
This is about as transparent as it gets.

>>16724958
That's true, But I plan to barter with my silver coins that I own, not my gold. If I'm going to sell my gold it's going to be at once in one transaction. 50k is a fine increment imo, this is all assuming society collapses. Just protecting my money from inflation.

>>16724784
Thanks to Donald J. Trump there will never be a recession again in human history!

>>16724984
But if money becomes worthless and gold sky rockets, where one kilo becomes $100k. Just unnecessary risk.

>>16724984
Bartering your silver coins? Dude fuck off. We're not entering your mad max post apocalyptic fantasy. Sell your shit and buy amazon stock

>>16725015
You can buy stuff now with silver coins, doesn’t need to be mad max level...just saying

>>16725009
Well there's not another way to hold giants amount of money securely from inflation unless you put it all in crypto which is risky. Risky enough where I don't feel comfortable putting my life savings that I got from my eth gains which is why I choose gold. I don't keep my gold in a bank. It's in my house, under the carpet and in a steel safe filled in with concrete and rebar.

>>16725015
I own 50k in stock hence the rest of my 300k savings is in gold, If chainlink takes off I'm going to be putting a lot more into at&t(5G) and amazon for sure. Gold is a guaranteed safe hold for your money, which is why I have it stored this way until chainlink or the economy does something.

>>16724784
Remember a few months ago when we discussed the recession, and we discarded it as a lot of people where claiming for a recession was inminent? This is the first omen of the apocalypse rn

Where does one sell their 1 kilo gold bars

>>16724790
This but probably not until 10 years from now

>>16724784
22 trillion in debt might be able to stop a recession, but at the cost of a hyperinflated dollar.
the housing market never recovered.
change my mind.

>>16725080
He is unironically correct, Goldman must know its all about to implode & need suckers (/biz/) to buy their bags.
ITS HAPPENING, unironically

>>16724931
never say never

>>16725174
This is already the longest economic (((expansion))) America has ever had. The Fed is propping this shit up. You really think they'll be able to do it for 10 more years?

>>16725063
>if LINK takes off i'm gonna buy more stonks!
>invest in the revolutionary network itself? nah, im gonna buy into some corps that will use that network... like every other corp on the planet will also be doing

too stupid to live

>>16725346
>fox
>nasa
Did you prepare some milk and cookies for santa ?

>>16724784
LMFAO it's over

>>16725346
Surely they mean it would make everyone on earth a billionaire if the price of gold didn't instantly collapse to worthlessness in this scenario.

>>16725405
> heeee I am going to predict the global recession with my charts >:-DDD

>>16725396
don't shoot the messenger you mong
>>16725408
exactly

>>16725041
Good luck getting it out when the apocalypse comes and you’ve got no power tools.

>>16725405
>parabola
yeah, im thinking this is doomed.

>>16725443
My meme lines are worth more than Goldman's advice

>>16724784
Imagine not believing America is the greatest country and economy on the planet and will not continue a parabolic pump to 60k

Post SPY put loss loser doomers

>>16725448

>>16724931
>Gold and silver will never not be valuable. I have high hopes for BTC but I trust chainlink more than BTC.

just lol

you'd better fucking pray 16 Psyche isn't full of gold then

whereas bitcoin is predictably scarce, seriously what a brainlet

>>16725376
5 years is the guesstimated time frame before all hell breaks loose. Make and save as much as you can between now and then.

>>16725408
Cant expect people who unironically believe in asteroid mining to exhibit logic. Its the metals equivalent of the EMP argument against bitcoin.

>>16724784
>goldman sachs
>invests heavily in stock market

Surely they wouldn't say this to give themselves time to quietly pull out of the market.

>>16724784
I don't think that they're wrong. Everyone is expecting a recession which means that there will be no recession. There's also no reason for one to happen. I think that the next recession will be a full-blown depression by the end of this decade and will be caused by AI phasing all of us out. Before that, no reason for one because our economy is the exact same one as it was 5 years ago producing the same services in about the same quantities.

>>16725667
>There's also no reason for one to happen
umm what? auto loans are in a bubble. education debt in a bubble. stonks ATH, and most companies overvalued in P/E ratios. people cant find jobs paying decent wages to keep up with inflating assets (housing, etc), medical rates going up + more people than ever before are having health issues, etc, etc. but yes theres no reason for a recession.

>>16725667
>economy is the exact same one as it was 5 years ago producing the same services in about the same quantities

For that exact reason it makes no sense why stocks have gone up so much since then.

>>16725693
this is literally the exact same thing that people kept saying for the past decade, especially in the last 6-7 years where every single year Amazon's P/E was cited as the proof that a recession is coming yet it just kept growing to more abnormal levels. The exact same thing happened to both Tesla and Netflix as well and look at them right now.
Don't listen to the masses, if something's coming out of the mainstream media it's most likely bullshit because these people wouldn't be journalists if they knew how to trade

>>16724784
the most bearish post ive ever seen

>>16725724
my guy, go on any normie site (reddit, etc) or even listen to young people coming out of uni. most are handing out 100-150 resumes and getting 5 calls back/interviews and would be lucky if they land 1 job. population keeps increasing but companies all around are cutting costs to inflate earnings (yes, this is good for now), but eventually it will catch up. you cant have 40% of the population feeding the other 60% on welfare. unemployment #'s are hoaxed and a lie. the only reason we havent gone into a recession (which would be normal market activity) is because of the fed. thats it.

>>16725793
on top of this, majority of stocks are owned by investment banks and hedge funds (something like 80% ive read). so the public actually has very little influence on the market. once the hedge funds/IB's start to cash out, its over. even WB understands this is on the sidelines waiting for a good opportunity. the risk/reward with being in the market right now isnt good.

>>16725793
doesn't matter, that's not what causes recessions. Youth unemployment in the EU is like 30-40% yet you don't see Europeans line up at the bread queue and that type of unemployment has been like that since 2008 by the way, it never recovered.
As for the USA, the Fed can soak up quite a bit of economic stress before it runs out of ammo again and that's only going to happen if there's something new that they're unprepared for, which is AI. Wait for the masses to finally claim "the era of depressions is over and our alarmism was a huge mistake, we finally have AI to take care of our material needs!" and that's specifically the year that the depression will happen. Until then, we will have the *exact* same economy we have right now, only with slightly better smartphones and slightly better monitors and slightly better CPUs. A new paradigm in the market needs to happen for this structure to fall apart.

>>16725346
This isn’t going to happen. Look at current clown world. Women, trannies and Jews are mostly in charge of NASA (Hebrew for deceit).

This is just sensational bull crap article with the intended purpose of getting more funding from the public.

>>16725450
the safe is covered by carpet and when you take the cover carpet off after moving the couch there is a steel plate, Once you move the thin steel plate. Do you really think I encased a whole steel safe in concrete with over hundred thousand in gold and silver? lmao, the top is still has the dial and you can still open it. It cannot be removed though because the bottom of it is encased in concrete and surrounds it.

>>16725346
Well that will be long after I die, As it stands for the past 1000 years gold is not going away nor silver. There's a reason why jews horde it along with property.

>>16725823
Where are you parking your money, anon? Metals? T bills?

You can counter recession with stimulus

>>16726034
also guys heres a drawing I did in paint if anyone wants to copy my safe design, IMO it's the most secure

>>16726235
You win the thread, a good guide on guarding your precious REAL metals unlike these stupid 0s and 1s.

>>16726359
I just want people to store their own metals instead of giving them to the banks. with my design you'll need to have a tig welder for the rebar that I reccomend. Even if someone jack hammers the safe they still won't be able to take it out because of the rebar at the bottom which means theyll have to drill all the way to the bottom to tear the supports out. even if someone does break into my house they have to be looking for it. any safe can be cracked, this is to make it to where the safe is unable to move and is as hidden as possible. Even if I forget the passcode to the safe or what have I can crack the safe open in a day with tools.