/biz/ - Business & Finance

what happens when Musk uses a magnet to pull an asteroid onto Mars?

>>16777397
that's not true you nigger

what a moronic post. as expected of goldtards

>>16777397
seems like we really need that steel
thanks just bought 100k

>>16777417
Yes it is you uneducated troglodyte.

>>16777426
broke back moms basement dweller skoolboi detected.

Why do ((some people)) always try to talk you out of buying gold?

>>16777692
As it would change anything if /biz/lets buy 1/10 of a gold ounce. Lmao

>>16777397
Steel is more useful and valuable by about that ratio.

>>16777397
Would you say that gold's fundamentals represent it's price accurately or not? Main use case of gold is jewelry, the amount of gold that is used in tech and medicine is dwarfed by the luxury industry. So if we strip away the historical aspect of gold as a 'currency' what is left of it? What is the true value of gold ?

>>16777692
Two reasons: 1. /biz/ is mainly crypto and a big part of crypto is that it's an alternative to fiat currency. Gold, also being an alternative to fiat, is in competition with crypto, sort of, from that perspective. 2. "lol boomer shiny rocks lol nothing will every happen."

>>16777397
>>16777993
The point of gold isn't even for profit, it's literally always been the original currency of the world and a hedge against fiat. The point of gold is to not get a bunch of profit(which you can) but to secure your wealth so it never goes anywhere. Why do you think jews own most of the gold in the world?

>>16778014
I don't know if they own the most, they are in stiff competition with pajeets.

>>16778032
and China. China is responsible for a decent chunk of the latest gold breakout.

Gold is god's money. Crypto is for gains/speculation, gold/silver are for storage of wealth. I'm about 65/35 gold/crypto.

gold broke above 1600 in the last hour

>>16779319
THIS IS IT
THE HISTORIC GOLDEN BULL RUN
AHHHHHHHHHHHHHHHHHHHHHHHHHH WE /METALS BOARD/ NAO BITCHES

>>16779319
I knew some shit was going down with Iran just because I was watching gold/silver/crypto prices lol

>>16778304
Wise

>>16777917
most gold is used as a monetary asset...even the jewelry is just a wearable monetary asset..

>>16778014
Except gold outperforms s&p regularly
>>16777993
The true NWO currency will be a metals backed crypto, not either or

>>16780156
Ditto. I was watching futures and commodities out the corner of my eye and saw unusual numbers habbening, figured to check the news.

>>16777993
Or maybe its because Gold is a shit investment and hasnt even beaten short term bonds in the past century

>>16780290
1976-1980. 770% gold moon.

>>16780266

>>16780301
Yes, the metal bubble that could take decades to happen again

>>16777397
over 6 billion ounces of gold mined and production increasing exponentially
never more then 21 million bitcoin

>>16780266
rofl delusional

>>16780290
Right now Gold is better than stocks no doubt