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/biz/ - Business & Finance

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File: 151 KB, 900x500, gold.jpg [View same] [iqdb] [saucenao] [google]
17798883 No.17798883 [Reply] [Original]

*survives the crash*
How you holding up gold bros?

>> No.17798941

>>17798883
Man, just even looking at that picture of gold I can hear it talking to me.

>> No.17798951 [DELETED] 

>>17798883
The official /biz/ discord link is
discord gg gJzCVP

Join, we are currently talking about this trash economy and crypto

>> No.17798964

Its down 3.8%
fiat bros win once again

>> No.17798979

>>17798964
Inflation will have the last laugh

>> No.17799040

>>17798883
My only wish is that I had more to be able to throw around to invest with to begin with. I'd remortgage a house to invest in physical gold right now; but alas, I can only put my life savings into it.

>>17798964
>he doesn't know about crisis liquidity, where investors sell everything off, regardless of security, in with the intent to have cash under the bed separate from market losses
Never gonna make it.

>> No.17800228

>>17798883
Step 1: deflation
Step 2: inflation

>> No.17800451

This crash has been bad for me, because I've got hardcore dragon sickness. Shiny metals are looking better and better as an investment.

>> No.17800570

>>17798883
every coin shop is sold out here, got enough money to buy an ounce but probably not happening.

>> No.17800660
File: 30 KB, 1000x802, 1583692049624.png [View same] [iqdb] [saucenao] [google]
17800660

$2500 EOY literally secured because govs and CBs will be forced to flood the market with more liquidity than ever before.

>> No.17801361

>>17800660
What about silver?

>> No.17801783

>>17801361
It's an industrial metal, you might as well buy copper bars. Ratio is going to 200.

>> No.17801834

>>17800570

i just bought an ounce of gold this morning in canada. but canadians are retards because the BOC holds no gold reserves lmao.

no lineup at all either. i haven't been hearing shit on the news about bullion demand. this is still the stealth accumulation phase.

>> No.17801889
File: 9 KB, 380x250, silver-uses.gif [View same] [iqdb] [saucenao] [google]
17801889

>>17801783
I don't want to believe you, but my head says you're right.
>Economic issues
>Cheapen products = less silver
>Less products = less silver
>Photography? Lulz. Less silver.
Less demand = lower price

>> No.17801906

>>17801889
Albeit gold uses don't help sell me on gold

>> No.17801910

>>17801783
No no no please no!!!

>> No.17801922

>>17798883
I'm happy that I bought during a prior dip

>> No.17801932
File: 13 KB, 380x380, uses-of-gold-in-the-united-states.gif [View same] [iqdb] [saucenao] [google]
17801932

>>17801906

>> No.17801972

Dump your fucking silver so the price of film goes down pls

>> No.17802021

>>17798883
Unless you literally have a gold bar in your hands you might as well have air

>> No.17802048

>>17801889
Okay but there's only 4 billion ounces of silver bullion in the world. During inflation, normies will figure that out. Also, insustry slowing down also counts for miners. Most silver is mined as a byproduct.

>> No.17802225

>>17802021
But surely a gold ETF would go up, right? Just not as much as a bullion?

>> No.17802460

I just found out that you can trade gold futures at FTX (a crypto exchange).

https://ftx.com/trade/XAUT-PERP

>> No.17802491

>>17798883
uuum i think i'll get 10 more ounces physical gold is selling out everywhere i need to get more i don't know whats going on but i am feeling uncomfy with only 20 oz.

>> No.17802493

>>17802460
https://ftx.com/trade/PAXG-PERP
also

>> No.17802608

>>17802225
I was reading some prospectuses like GLD, there's a lot of hidden stuff about taxes and risk. Guess I'll stay away.

>> No.17802982

$2000 EOY seems fairly realistic, but what do you think about $2500 lads?
>>17800660