/biz/ - Business & Finance

>>17485444
You can't eat gold in a crisis.

CRINGE NEETS WITH THEIR DELUSIONS ABOUT FINANCE
TRULY PATHETIC

>>17485444
HAHAHA 30% down 2008 in the financial crisis
>think's this pops up now

>>17485444
They are cashing out the futures to pay margin calls. Once people start switching to physical it is going to explode upwards. The futures is causing some pains across all metals currently but wont last much longer.

>>17485444
>he knows what everybody knows
ahahahahahahahahhaha

>>17485470
FUCK YOU

>>17485489
how much longer u think we got

>>17485559
At least a year. AHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHHAAA!!

patience is all you need, you have waited 2 years for link to moon, you can wait one more for your pms

>>17485444
It took 2 months for the stock market to react to reality. Give it another month for the fireworks, society and banks move slower.

>>17486004
Suck my cock bitch

>>17486303
AFTER YOU GET DONE SUCKING CORONA CHAN'S COCK FIRST!!! AHAHAHAHAHAHAHHAHAAH

>>17485444
Just wait. Once crypto crashes and /biz/ being on suicide watch, the goldening will happen.

>>17485444
>>17485444
>>17485444

easy, its not exploding because $nCoV (corona.token) will,

its not too late to buy tho fren

>>17485444
develop some patience zoomer, it will happen in time.

>>17486337
stop posting

>>17485444
It'll hold its value. You'll be better off in a recession then holding fiat dollars

>>17485444
When the economy slows down & people start losing their jobs while still needing to pay their mortgage, buy food, pay utilities, put gas in their car, wtf are shiny rocks going to do for them?

>>17485444
because the world elites already pushed up the price last year. it has already exploded.

>>17485444
It will be back over $1600 next week, watch what happens.

It’s the paper ETFs selling off, I called this shit months ago. Wait in cash for it to dip, which will stay for a few months, and buy up cheap as fuck before moon mission.

The paper market is being liquidated to raise capital for margin calls. The physical market will heat up soon and there will be a disconnect causing huge premiums in retail gold.

>>17488739
Is isharessilver trust ok to buy rn?

>>17485444
If this was caused by war you would see gold, silver and plat rise. The issue at the moment is a pandemic with a very uncertain future. Essentially what >>17485460 said.

>Everybody in the past agrees that gold as money is a thing of the past and decides to move on.
>Almost a century later, idiots make up and believe their own fantasy about how gold will see a glorious resurrection, because they bought into a stupidly wrong view of economics.

>>17489048
If that’s the case then why are central banks buying in record numbers you fucking retard? Fuck off dumbass

>>17485444
Because the price of paper gold is not correlated with the true price of gold ?
The only thing being sold is virtual paper.
This is worse than a shitcoin.
Even Bitconnect would be harder to dump than this.

>he actually believed gold would do well in a crisis

>>17485444
i fell for the silver meme, feels bad man

>>17485444
>he bought gold
lol you should be thankful that at least you will not lose a lot of money

>got out last week when it was at record highs with a cool 200k
feels good mang

>>17489072
Maybe you should find out and learn something for once. Keep in mind that central banks have different goals than you do.

do you remember what happened to gold after the great recession?

>>17489241
>central banks have different goals than you do.

that would be fucking everyone in the ass.

Gold will spike months after the crash, if this is it. That's what happened during the last one.
Also, the only real gold is the one you hold. Paper gold is bullshit.
Also, gold has ALREADY spiked a lot since august last year. After a while, it will go right through 1700, probably hit 1800 too. screencap this.

>>17485444
They can create fake paper supply

you can't use it to buy stuff online. gold doesn't scale too well with the internet age

>they thought (((they))) weren't pumping metals with fake money
lmfao my fucking sides

>>17489315

>>17485460
You can’t eat dollars either but people still hoard the shit out of them

>>17485444
Be patient. Gold moves slow, within a year it will be above 2000 an oz. Or we double top or something. But stop panicing faggot

>>17485444
Cause people are leveraged in stocks and they are selling the real stuff to keep playing the derivatives casino

>gold is real money!
>an ounce of gold can buy you the same amount of bread today as it could 2000 years ago!
So what you're saying is that gold is a fucking useless stablecoin. I'll stick to link, thanks.

>>17488263
you sell the metals and use the cash to pay for things. I don't really get the point of this comment.

>>17485444
It's gold you fucking idiot what were you expecting 2x

>>17485444
So Gold is just as useless as crypto it seems.

>>17485444
This isn't a currency crisis. Not even a financial crisis. It's a health/logistical crisis.

>>17490834
>Not even a financial crisis
A major health/logistical crisis will affect finances

>>17485444
the fact that you thought gold would immediately surge during a crash shows are moronic you are

>>17485444
>An infinite supply of pretty rocks will save me in a crisis!

>>17490834
>Not even a financial crisis
It is, they just cover it printing trillions to keep s&p alive

>>17490834
It's an economic crisis being blamed on a health and logistic scare.

>>17490900
this