/biz/ - Business & Finance

>>18287286
>https://en.wikipedia.org/wiki/Gold_fixing
Ive been educating /biz/ about gold fixing for 3 years. I can guarantee you only know about this because I posted it here a million times. and yet youre still a brainlet who doesnt understand shit about the gold markets.
pro tip: look at the premium on physical gold coins

>>18287327
yeah sure buddy, just send me an american eagle over the internet, oh waiiiiiit you can't
why should I even buy it for a $250 premium but only sell it for ((their)) price

>>18287434
kek imagine being this retarded
Godspeed anon

>>18287286
wanna elucidate this for me? >>18287472

SAGE

>>18287564
the whole idea behind the concept of money is to manipulate people into a trading with one another without relying purely on force.
all those gold pitches "what is money" "what is currency" "5000 years" lalala is just that, a pitch
the best way to manipulate people is obviously trust and gold is trusted for a long time that is true yeah, but nothing lasts forever, eventually the whole supply landed in the vaults of the few we all know and they will never ever let it slip their hands again.
but yes it is true, fiat is a much easier way to manipulate people into consuming agian, you couldn't do gold airdrops without giving away the actual asset instead of just diluting the poor peoples assets

>>18287676
70% of gold is held by private investors
50% of all gold supply is jewelry
central banks have been hoarding gold for years and they still dont even own 20% of the global supply
i swear you tards are literally dumber than shit

>>18287286
Why hold more than a month's worth of cash when I can hold shiny metals?

>>18287715
Source on central Bank gold holdings.
I'll wait.

>>18287434
Why buy link at 50 cents when you could have bought at 17 cents

>>18287286
>>18287434
>>18287676
Fuck off kike

>>18287286
I don’t know about you all... but because of Corona this is the first time since college that I’ve felt alive. I have lots of silver and been waiting for something like this to happen for 5 years. The point where things get so bad that 1 silver Roosevelt dime will buy me a blowjob from a formerly well to do housewife and her 18 year old daughter at the same time. I’ve been waiting in the shadows laughing at these cuck husbands who buy their wives range rovers instead of buying silver bullion... knowing that I’ll be face fucking their wives mouths for the 1.30$ it cost me to buy that silver dime.

Just yesterday at Whole Foods I seamlessly entered into conversation about Corona with a roastie milf that had a ring on her finger in the water aisle... and I said this is all a cover for trump to bring us back on a gold standard. She started looking at me in amazement like she wanted me to paint her lips in cum. At the end of the conversation I’m like take my number l have plenty of protection and freeze dried food if you ever need it and she took it from me.

>>18287755
https://s3-us-west-2.amazonaws.com/prd-wret/assets/palladium/production/mineral-pubs/gold/myb1-2011-gold.pdf
I hope you can read because Im not gonna screencap the exact sentence for you

>>18287715
>>18287907
20% seems enough to control the price into all eternity
yeah sure it will move a little 1,800 maybe 2k in a few years. but it should be worth 5k minimum today and you know it and therefore you're seething

>>18287993
I swear you faggots are really dumber than shit
you dont buy gold for an roi
you buy so when SHTF you keep purchasing power
because its literally the only asset that has held its value for thousands of years
it is NOT money
it is NOT a gamble to double your money
it is literally a life insurance for when this entire clown economy inevitably goes tits up

>>18287286
>he doesn’t know why people buy gold
https://m.youtube.com/watch?v=zWZaMoJ75kc

>>18287805
You post this story like every day multiple times I appreciate your effort but you gotta get some new material.

>>18288138
Speak for yourself. I intend to more than double my money with this investment. Up a thousand dollars since I started investing. You're just jealous of these GAINS stonk/crypto boi

>>18287327
>boomer still thinks that people are going to be trading literal rocks when the apocalypse happen

>>18288138
>it is NOT money
>it is NOT a gamble to double your money
>it is literally a life insurance for when this entire clown economy inevitably goes tits up
i have been telling the same for years
gold is not money it's not investment it's insurance which means you pay out of your ass for it and it's usually not worth it.

>>18287286

i'm gonna get rid of all my gold it is pretty to look at but fucking useless practically for anything

>>18288138

ARGHHHHHHHHHHHH this makes sense!!
yeah I still don't want to keep gold anymore, other than to keep your cash value steady , I DON'T GIVE A FUCK ANYMORE!!

GOLD BEGONE FROM MY SIGHT!!

>>18290689
the worst thing about it is you can't cash out.
i tried to sell pieces i bought in 2013 and i can't merchants are not buying at these prices they are not dealing with customers (because of the virus) they are happy to sell you pre orders on current price tho

>>18290689
If you’re in Texas I’ll buy it.

>>18287286
Are these threads just to weed out the -bergs and -steins?

>>18287286
This will be a precious metals board in two years

>>18292108
Facts

>>18290888
>what is ebay
Ill buy all your shit at spot price

>>18290888
>sell in an unprecedented crisis
>waaa why does no one care about my pile of junk rounds and dimes??
maybe, i dunno, wait 6 months and sell. if you need to cash out in a crisis you are a fool.

>>18290888
Got any silver? I’ll buy all at spot+ 2

>>18290888
ill buy your shit right now you dumb cunt