/biz/ - Business & Finance

>>18239867
Here’s an even bigger problem: there are gorillions of tonnes of gold in space.

It's always been like this. When did you ever sell to a dealer at or above spot? This is how they make money. Buy low sell high. In this case some percentage off when buying and some percentage added when selling. They like making money so of course they will continue to buy and sell when there is increased demand. It's not a problem so much as it just works exactly how anyone thinks it would.

>>18239867
The dealer will pay you 2% below spot and then sell the same amount at or above spot at the same time. He profits off the spreads and premiums. He doesn't care what price it is.

Pretty sure nobody but dealers really sells gold. They just buy it and it sits there. In a way it's a trap and a money sink.

>>18239867
You don’t sell back for federal reserve notes. You sell back for a new currency and make a killing on the reset. Dollar value of gold is irrelevant. It was gold that gave value to the dollar so logically it makes zero sense to value gold in terms of dollars.

>>18239989
US dollar is unlikely to burn to the ground in my lifetime or at least any time soon, same with hyperinflation, rather put my bet into silver mooning to 40$+ and making a few bucks, gold wont save you if the dollar collapses, because if it does the whole world will follow it down.

>>18239912
This is exactly why I just sold 95% of my gold at a profit and bought into digital gold aka CKB unironically

>>18239912
>>18239957
>>18240010
>>18240017
>>18240027
>>18240038

I don't want to see anymore threads saying "my gold will be worth $1m in 5 years". It doesn't matter how much your gold is worth, the dealer ain't buying it at that high price and your profits wont be there.

>>18239867
Societies economic stages goes like this
>barter
>barter with gold
>fiat money
>eventual collapse, repeat process
Gold is rare, and has stayed valuable for thousands of years because of this and because it's divisible(see gold coins). Eventually when you get a big enough society you have to start using money, which then the dollar rides on whatever golds rarity is and how much is mined, Which determines the price. Nothing is more valuable throughout history. Dealers peg gold to the supply and demand of it and give a price.

>>18240055
Gold is a stable store of wealth, which is why jews horde it. It's not really an investment although it can gain value over years. Gold will not be worth millions, but it will always be valuable and always has for centuries due to religious and historical connotations in societies.

>>18240072
>Gold is rare
It is not rare. Gorillions. Of. Tonnes. In. Space.

>>18240055
Nobody actually invests in gold anyway, it's the worst performing asset of all time next only to cash. I still don't understand why you think people will stop buying and selling gold once it hits some arbitrary price in fiat. They bought it at $10 and they bought it at $100. Unless you think inflation has stopped and is never coming back then they will buy it at $10,000 and $1,000,000. The reason why is simple, because they make lots of money selling to retarded precious metals 'investors'.

>>18240088
On earth it is, that's if we get to space which is possible. I think that won't happen in my lifetime. Perhaps in the future something will take its place but idk, that's to be seen.

>>18240088
>dude, there's like, INFINITE amounts of helium in space! what do you mean we're running out?!?

>>18240102
>it's the worst performing asset of all time next only to cash
compared to the rigged fed stock market, gold isn't for making money anyways, and anyone who thinks this is a retard. Gold will always be better than cash, but it's not really an investment. Calling it one compared to gains you make in the stock market is laughable. Difference is stock market you can make millions and lose millions. Gold is opposite, you put in money and you get the same out, So all it is a store of wealth.

>>18240146
Imagine learning how to use the potty.

>>18240142
Isn't it sort of sub-optimal to "store" your wealth into something that doesn't do anything but sit there? Isn't the point of investing to put your money into something that will make you more money?

>>18240180
Yes, but it's also sub optimal to store your money in something that loses your wealth over time too. Just look at the jews on your instructions to wealth, They have textbook ways and the last step includes gold.
>1.make a bunch of money leasing/renting/business/scamming
>2.pay off properties/land from profits of passive income
>3.Put millions into gold/land
Gold isn't a good investment by textbook definition, but that's not the point of it. The way you make and then keep your money is make a shit ton and then put it into gold.

>>18240180
I see precious metals as an insurance policy if the dollar experiences runaway inflation. I don't expect to make money off of it

>>18240229
>>18240232
I see. So it's just a low-risk low-gains investment that maintains value instead of inflating like fiat.

I AM THE ALPHA OF THIS THREAD

still alpha

>>18239867
Ebay

I don't own gold and I never will but you're missing the point

gold is gold
you're not talking about gold becoming 1000% more valuable... you're talking about gold becoming worth 1000% more USD

when that happens, you might not want to bother with the USD

understand now?

>>18240088
>Gold is only going to moon if collapse happens
>In this collapse situation where the world is gone to shit, people are going to be undertaking space programs to seek gold in space

Use your brain for half a second

>>18239867

If gold goes big, Banks will want it, Auctioneers will accept it, People might use it in day to day barter. Many more parties than just precious metal dealers will be in the game

>>18239867
Thays what happens with housing, too low or too high= no sale

>>18240086
Jews don't just hoard it though, do they.

They go on TV and on the internet and desperately shill it to the lowest common denominator. They push the poor in developing countries to pool their money to buy slivers of gold foil.
Gold demand is thus artificially inflated by the people who actually have all the meaningful quantities of gold.
When their plan comes to fruition they will get their profit and be gone like cockroaches in the night.
Your gold will be worth its weight in sand when you need it most. They are playing you.

>>18239867
If you own gold you become a dealer yourself. fuck other dealers sell to your own customers.

>>18241980
>>In this collapse situation where the world is gone to shit, people are going to be undertaking space programs to seek gold in space
Not to seek gold, but rather to escape Earth. Are you going to bring metals with you to space or are you going to bring a pick axe and shovel?

>>18239867
You sell your gold to a bank. Banks buy gold, because gold is money. The banks always pay spot.

>>18242296
ok scarface

>>18239912
Kek just head up there and bring some back for yourself anon. No ones stopping you

>>18243380
Might be a relevant statement in 20 years, implementation of 5g and the investment in technology that follows

>>18243438
It will never happen, because it's not profitable and the company will go bankrupt before they even get into space.

>ever selling your gold

>>18242274
Gold is worth its weight in gold