/biz/ - Business & Finance

>>17487564
Get rekt gold fags

>>17487564
Dump eeet.

>>17487564
>It's real

Fuck Peter Schiff fucking faggot

Gold is just there to make sure you won't be left with nothing after a hyperinflation

>>17487587
Indeed. I didn’t buy any, I Was thinking about it but kept going into crypto.
I just find it weird like gold is supposed to rocket in situations like this, everything is falling though like are the jews literally just liquidating? I don’t get why gold is sinking so quick.

>>17487564
Can't eat gold.

A global pandemic will kill 95% of the world. It no longer matters if you long or short, future trades will be done with food only.

>>17487653
People are covering their stock bets by selling gold

>>17487564
Check gold reaction in 2008, it lost 30% in 2 years. After a bottom it did x250% the next 2 years. Hold, even if it's painful, and buy the dips

>>17487564
> fuckin drumff

>>17487604
>preach doom, bubble, recession.
>advocate buying into an asset that almost perform worse than any other asset during the "collapse".
Truly the intellectual /biz/ deserves..

>>17487564
that's what happen when there's a major crash, peoples want cash so they can use it in the real world
your shiny rock and meme internet money are just speculative assets and only gain value if the crash is so bad that cash is no longer accepted as a mean of payment

Its because fiat is booming

>>17487700
250% in two years
big yikes

>>17487659
dont forget weapons and alcohol

>>17487564
Buy signal

>>17487653
>I don’t get why gold is sinking so quick.

Gold is just another currency. If the economy contracts it doesn't matter if you own gold/bitcoin/stocks/dollars or anything, it'll all be devalued. There are no safe stocks, in fact the only thing that can't loose any value would be land and your personal skill/trade.

Watch the next weeks and you'll this is true. All this supposed value was never there, you all fell for the pyramid.

at least I have a nice picture of an antelope...

>>17487848
>Gold is just another currency.
Next to no one buys gold with the intent to use it as a currency.

>>17487848
>the only thing that can't loose any value would be land and your personal skill/trade.
land value can go way down if peoples start mass dying and your skill could easily become obsolete if they depend on a modern society

>>17487912
In other words nothing is forever and nothing is safe
Even >muh guns and foodstock
is only valuable as long as you can defend it
In a real apocalyptic or war scenario groups will form in an instant
And lone wolf prepers are fucked and raided for their food

>>17487564
According to ZeroHedge, JPY and gold have diverged from their unofficial peg. Maybe all the bullshit going on has forced the BIS or BoJ to dump gold to stabilize faith in fiat.

>>17487564
>>17487564
Daily reminder to pick up some $nCoV (corona.token) and join #teamvirus instead of muhh shiny rocks

>>17488184
daily reminder to fucking kill yourself

>>17488184
I fucking hope this shit decimate india so all these curry shills can finally die

>>17487895

Literally everyone buys it to hold value. But it's uncoupled from it's real value as jewelry and electronics, so you might as well treat it like stocks or dollars.

>>17487912

We are in a recession and not in a mass death event. Land is the only stable value right now, you can't print it or build it like all these fake investments you see collapsing right now.

>>17488441
>We are in a recession and not in a mass death event.
> not yet*
shit's overdue for a correction