/biz/ - Business & Finance

>>16993683
Buy the top bro!!!!
Everything in life is pointless. Everything.

>>16993701
>gold at historic highs in CAD
>gold at historic highs in pound sterling
>good at historic highs in euro
>gold at historic highs in AUS
>gold at historic highs in NZD
>gold at historic highs in all euro currencies
>gold at historic highs in all Latin American and African and most Asian currencies

It’s fucked.

Buy silver

>>16993752
What's it even matter anyway if you never want to sell the shit?
Why get rich in the first place? So you can stuff your life up with low quality bullshit random trinkets?

>>16993754
no, don't buy silver, i still haven't breached 1000 oz

>>16993769
Or so you can raise a family who is stupid and fills their life with meaningless hobbies and more bullshit trinkets?

>>16993683
Not in real (inflation adjusted) terms:
>https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
This is why you buy stocks and not shiny rocks

>>16993795
> t.

>>16993701
>>16993769
>>16993779
Are you ok fren?

>>16993800
No. I'm not. Fuck all I can do about it for now.

>>16993800
Don't get me wrong I'm still going to bug as much silver as I can. Smoked some weed yesterday for the first time in a few months, pretty sure it induces some serious mental illness in me.

>>16993769
>>16993779
>>16993799
>>16993809
>vertical quads
what did kek mean by this

>>16993795
Stocks don’t beat inflation.

sToCkS dOn'T bEaT iNfLaTiOn

>>16993846
Facebook is that way ------------>

>>16993831
wow youre dumb as fuck

reminder

>>16993885
imagine if u had bought bitcoin in 1800... wow

>>16993846
so what does?
Looks like gold doesn't, unless you bought in the 70's and sold in the 80's:
>>16993885

>>16993955
>total real return of zero doesn't beat inflation

>>16993885
meme chart

The chart isn't real guys! Stocks actually don't beat inflation, buy shiny rocks instead!

fuck I hope gold and silver do a x10, they have been around this price for decades now its time for a sharp revalue

>>16994219
Haven't hardly bought yet, you can wait a few more years!!!

>>16993683
I should probably be selling my stack.

>>16994239
Why?

>>16994302
Cuz he doesn’t want to baghold another 10 years. You can only tolerate for so long retards that wish the price to go down so they can buy more.

>>16994302
Freeing up capital to buy the dip, faggot
You do have cash for cheapies, don't you?

>>16993683
>Gold is at its historic highs with these currencies. Thoughts?
gold doesn't go up

currencies go down

some currencies go down faster than others

gold doesn't make money, it merely prevents the loss of it

you'd thing a business board would know this stuff, but it IS 4chan after all. The very bottom tiers of humanity

>>16994322
>>16994325
Do people really wait for certain price entries? Cucks.

>>16994343
post gains tripshit

>>16994342
you realize were on the verge of a massive paradigm shift? monetary and fiscal policy is out of control and when it backfires in the next decade it will lead to a massive devaluation of fiat money and people will be bidding up gold to unforeseen levels in the panic. People who are exposed to precious metals now will benefit, while everyone else will lose big.

Im probably talking to a pleb that is all in on etf's though

>>16993683
as much as id love to goggle at the seniority of gold, i mean you had to buy it at 1k on the eve of 2016. come on, does it take a genius to figure out if you took even 10% off that transaction you would have made into gold (you made 50% as of 2020 btw). but take 10k off a 100k maximum investment into gold, take that 10k and put it into bitcoin on the even of 2016 when bitcoin was at $400, and is now at 8500.

well, set a rule for yourself. buy gold and buy bitcoin. play around with the risk %'s, if you played off your curiosity in 2016 and never touched either until 2020, see where it has gotten you?

>>16994370
Gains are meaningless. Just look at that nigger kobe.

>>16994395
nigger kobe isn't his name I thing his full name is Kobe Bryant or something similar to that

>>16994404
He's a dead nigger now. Doesn't matter what his name was.

>>16994395
got to die in a helicopter crash like a badass, and the world is literally crying and shitting themselves over it
Got to go out before he got old and fat.

Honestly, best thing that could've happened. Lucky guy.

>>16994404
>>16994409
Nigger loving kikes spotted.

>>16994382
>Im probably talking to a pleb that is all in on etf's though
I own a metals recycling business. I don't own any crypto.

as I've pointed out to retards like you before, if fiat collapses gold won't become the standard currency, lead will.

the only commodity that might save you in that case is your ability to make friends. I'm guessing you're broke af in that department though.

>>16994415
every time you post, it's more and more retarded...

>>16994425
Is your wife's boyfriend also a nigger?

>>16994420
>thinking im talking about the apocalypse
>hurr youll need bullets not gold

oh wow I really am talking to a r*dditor.

>>16994437
so you think the dollar is going to collapse to near worthless levels and not cause societal collapse?

hell, half the country is hoping and praying for the apocalypse.

>>16994385
btw heres the scenario.

peter schiffs brother shalom schiff has 110k (i'll add another +10k) he wants to invest into his brothers investment firm.

shalom skims off 10k, and uses the rest of the 100k to put into peter's gold firm.

On the 31st of december 2015, shalom schiff buys 100k worth of gold at spot price ~1060

but shalom being the good goy invests the rest of the 10k into bitcoin on the 31st of december 2015, which is worth ~420

fast forward 4 years and the btc has gone up 2000% (8400), now his 10k investment is worth 200k

shalom schiffs 100k gold investment has gone up 50%, and is now coincidentally worth 150k

do you also notice the risk% difference? bitcoin was considered fools gold, but shalom schiff decided to invest just under 10% of what he was willing to risk on a 'safe-haven' like gold. shalom schiff could of easily have been a millionaire, which might have been common in his family, and even just risked around 10% of his cash savings. if you think shaloms net worth going from 1 mill to 1.24mill isn't significant. he basically turned the price of a used car and turned it into a small house thanks to bitcoin.

>>16994457
that's essentially why investors don't usually consider gold an investment.

>>16994447
Yes brainlet. You really think that people and the government would be like:

>"Hey guys government here, yeah the dollar rapidly depreciated. Instead of transitioning to something new and ushering in a new age we are just going to fold up everything and let anarchy persist"

Fiat currencies collapse all the fucking time, governments just move onto new forms of money, which is what will happen.

>>16994490
we're on the verge of anarchy when things are going great.

>thinks the government decides when anarchy breaks out
kek

>>16994539
>im not going to hedge myself because ive deluded myself into thinking if things go bad nothing will matter anyway

whatever, when your financially ruined dont say some guy on a chinese internet forum didnt warn you.

>>16994588
My business likely has more gold and platinum in the yard than you'll see in your life. I'm just not banking on that to make any difference in a financial collapse.

I also survived the '08 recession without a hedge. In real life a working business is way more valuable than a stack of metal.

>>16994669

> In real life a working business is way more valuable than a stack of metal.

Not if your business avn't make any profit during a recession. Even if you survived the last one it doesn't mean it'll survive the next one.

>>16994722
my business booms during recession because I work in recovering and refining precious metals that fools like you demand every time the dollar takes a dive and then regret the instant it recovers.

>>16994731
>I also survived the '08 recession without a hedge.
>My business literally deals in perceived hedges

What is even your point you retard

>>16994763
>What is even your point you retard
I have no point.

except gold doesn't go up or down in value
gold isn't an investment
and any situation so dire that gold becomes the de facto currency will result in bullets being more valuable than gold

also you're deluded but thanks for allowing others to profit off your delusions. I for one appreciate it.

>>16993683
Justin Trudeau got rid of our gold and he should be hung.

>>16994927
heh heh...
you mean "hanged" leaf cuck...
heh heheh