/biz/ - Business & Finance

>>18557922
You have no idea how gold investors think. We have absolutely never been influenced by daily moves or even monthly moves.

If you just bought an ounce of gold every month regardless of price since the year 2000 you would've out performed every other asset in the world except for bitcoin during its mania phase

>>18557922
>dump gold, goy, I wanna spend less shekels and buy it at a discount
you have 3 hours to name an investment that appreciated this hard over the last 20 years - oh wait. YOU CAN'T. Not stonks, not bonds, not magical internet money, nothing.

also, gentle reminder to all my fellow gentiles that the FUDding campaign to short gold is real and is taking place in /biz/ RIGHT NOW.

>>18558631
Just need 3 seconds. Chainlink.

>>18558195
Not even close to true

>>18558699

>>18558715
Thank you my man

>>18558740
You're welcome

>>18558631
bitconnect

Im not selling my shiny blocks in an apocalypse type situation

>>18558853
you think people will buy your shiny rocks during the apocalypse? bloody hell not even edible

>>18558935
You don't understand the magic of golden liberty tiddy.

>>18558935
>bloody hell not even edible
Funny how the inedibility of stocks, bonds, cash, crypto and other paper and electronic financial assets never seems to be a problem. My dog is not a fire extinguisher, my favorite armchair is not an airplane and a hamburger is not a telephone. Are all those things therefore useless, merely because they are not something else?

>>18558699

what now faggot >>18558715

>>18558935
>currency only exists when it's fiat

>>18558935
You are correct but only with shirt thinking. If there is a doomsday scenario you are right people will not want gold but only for a while. Once people are comfortable enough to start building economies again gold will be invaluable if a doomsday scenario were the case.

>>18558973
they have actual values and purposes, stocks for instance are real companies, you can forecast their future based on their balance sheets etc

gold is a speculative investment, so is btc
fake money, fake assets

Gold is down after a 5 year high? Damn better panic and make shitposts on /biz/ like all the ADHD riddled teenagers here don't trade or invest anything and just larp.

>>18558631
bitcoin

>>18558195
>If you just bought an ounce of gold every month regardless of price since the year 2000 you would've out performed every other asset in the world except for bitcoin during its mania phase

Imagine being this fucking dumb.

It's pointless to invest in gold. They won't make ''golden standard'' soon... and it could go to 10k only if gold standard would be implemented

>>18559042
yeah imagine. haha. >>18558715

>>18559122
gold standards will never be implemented, anyone with basic economics and history knowledge should know this

every country would love to maintain their power, influence over their currency without any backings, it has worked for decades it will continue to work for decades to come because most people aren't like you or most on the board they don't care

>>18558715
how has outperformed stocks and bonds? Is this a wrong pic?

>>18559026
>they have actual values and purposes
Gold has an actual value. Do you think the spot price is just a joke everyone is playing on you? Gold not only has use value for jewelry, industry, aerospace, electronics, dentistry, etc., it is history's best money. You could speculate on gold if you'd like, but you can insure against currency collapse, invest, save purchasing power better than any savings account. All in a asset with no counterparty risk.

What makes a stock more easily forecasted? Why couldn't you forecast with gold? Since closing the gold window in 1971, gold has an annual compounded return of 8.3%, no speculation needed.

>>18559186
why don't you do some math and figure it out yourself. or you can keep believing that stocks only go up and beat everything.

>>18559186
Gold not only performed better overall, but outperforms during downturns.

>>18559174
>worked for decades it will continue to work for decades to come

>>18558631
all the crypto cucks will say bitcoin, which is technically true
But most people here are down on their initial investment, as they joined in 2017/bought near the top in June 2019 ( very obvious due to amount of biz posts increasing at these times)
Gold has beaten the SP500 since 2000 including dividends

>>18557922
>invest in gold
always do the opposite of what boomers do

>>18558195
>gold investors
>think

lel

>>18559551
>>18559841

>>18559364
why then it has gone down during this crash?

>>18559539
>Gold has beaten the SP500 since 2000 including dividends
no it's not.. which chart do you see?

>>18557922
You sound like a working class chump. I bet you thought it would be a great "investment", how you would wake up to a warm, healthy breakfast to start off your long day. Maybe, you even had a couple thoughts about all the other nifty little uses you could find for the thing, how it would help you cook healthier meals in general, shed a couple pounds off the old gut, boost your confidence around work and with the ladies. Yeah, maybe that slow cooker would start your life cooking again, wouldn't it? I can see your strained hands holding the box and reading through it carefully at the store. A little bit pricey, but you're the type of guy who thinks everything is more than you can spend, aren't you. And look what happened to you. Look what the slow cooker did to you. Fucked you over, and made you clean it like a useless bitch. You don't even fucking like oatmeal. Piece of shit, you've been repeating those three words your whole life, haven't you. Yeah, how was work after that piece of shit fucked you over? I bet it was on your mind the whole day, you probably didn't say shit to nobody. Can't be telling people about your mistakes. How your little fix yourself plan, failed you. Don't want people to start thinking you're the failure. You're the piece of shit, all along. You don't want that do you? You don't want to be the piece of shit everybody secretly whispers about, do you? Was your father a piece of shit like you? I bet he never had a slow cooker. He had a woman, a house, a damn good job. I bet it's slow cooking you the fuck alive, isn't it. Comparing yourself to him. How one day when all the steam runs our of your life, you'll discover how you're nothing more than burnt shit to be scrapped off and thrown in the trash.

>>18560163
Gold has been going up for months and only went down for a few days. the graph your looking it is in years. Gold is a long term investment.

>>18560206
give one reason why it should go up

>>18557922
Gold devalues in the time of crisis. The difference between gold and fiat is that good comes back up will the money printer keeps on printing.

>>18560636
The fed is print billions of USD every week

>>18560636
Inflation hedge.

>>18559477
what is the meaning of that graph? the global rseserve curency why did the went down?

>>18560666
*printing

>>18560666
>The fed is print billions of USD every week
but no one cares
no one thinks: ''debt must be paid off''.. they don't care
money flows into bonds and stocks
Great investors invest in stocks and they are happy with their return
so they move from bonds TO SP500

>>18560726
gold doesn't care either

>>18560681
This graph is a composite of the duration of a nation's reserve currency status and the relative standing of great empires indexed using ( 1) innovation & competitiveness, 2) domestic output, 3) share of world trade, 4) financial-center size and power, 5) military strength, and 6) reserve-currency status).

https://twitter.com/anilsaidso/status/1250553680924831746
https://www.linkedin.com/pulse/looking-back-last-40-years-reforms-china-ray-dalio/

>>18560174
>which chart do you see?
>>18558715
>>18558777

>>18560974
>he didn't give me a logical explaination why I should hold rocks

>>18561068
the most interesting thing about this is that once ascendance/descendance begins, it's irreversible.

who knows. maybe the US will be the exception once again.

>>18560726
And the next thing you know your currency is being used as a heat source.

>>18560974
>he didn't give me a logical explaination why I should hold rocks

>>18558715
yeah because anyone of you bought in 2000 and not in 2010

>>18559122
$10k Gold will mean every electronic will increase in price. These dopes are stupid as heck.

>>18561191
>And the next thing you know your currency is being used as a heat source.
I mean
the jews pump the bond and the stock market
bond yeld less
stocs still yeld 10% per year
big investors will move from bonds to stocks
after the ponzi crashes then they go to gold
But you'll see a Great increase in stocks
so holding gold now it's pointless

>>18560726
>Great investors

>>18561254
>holding gold now it's pointless
You may want to let the central banks know

Because of this extreme contango right now USO will probably barely profit from the incoming rebound, right?

It will be 2008 all over again

>>18561293
it raises less than stocks
so it crashes less

>>18561911
The numbers are in percentages. But if you want to make the argument that gold is a long term stable asset that increases steadily over time making it a great store of value, I won't stop you. My intent in this thread is not to convince anyone that gold will get you the best gains or to go all in. Gold isn't a worthless barbarous relic, and I think I've shown enough through this thread to make that case.

>>18558195
>If you just bought an ounce of gold every month


That's a fuckton of money

>>18562272
the 10% gold portfolio meme
if gold standard is implemented it could do a x10
I am just analysing how probable it could be gold - bitcoin standard

>>18558631
That's not appreciation of gold, it's deprecation of USD

>>18562344
>if gold standard is implemented it could do a x10
It very well could, if not more. When you take into consideration the amount of paper gold, the per ozt. price could be pretty insane (pic related).

>>18562344
>I am just analysing how probable it could be gold - bitcoin standard
If I had to place a bet, I would go with gold as a new monetary standard. The history is already there along with the playbook on it's implementation and monetary standing in the psyche of the public. Central banks have been strongly adding to their reserves since Basel III elevated gold to a tier 1 asset as seen in >>18561316
I would think that if sovereigns wanted to implement a crypto standard, it would be one of their own creation to have full control vs using a preexisting crypto with such a heavy Chinese mining share. Plus, there is serious evidence to support the idea that not only is bitcoin heavily influenced by tether propping, but bitcoin has not been in the good graces of the federal government because of it. Trump has already tweeted his disdain for bitcoin.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066

I would buy gold but I am a poor so I buy bats instead.

>>18562668
https://www.forbes.com/sites/ralphbenko/2017/02/25/president-trump-replace-the-dollar-with-gold-as-the-global-currency-to-make-america-great-again/#df885e04d543

https://twitter.com/realDonaldTrump/status/1149472282584072192

https://www.cnn.com/2019/07/05/economy/judy-shelton-gold-standard-federal-reserve/index.html

>>18562668
i'll give you a better chart

>>18562767
Nice one, thank you

>>18562742
Last I checked, JMBullion was out of stock

>>18557922
Oh wait. It's climbing again. Every weekend...sheesh.

>>18562764
It's obvious trump is an accelerationist who is trying to speed up the death of the dollar to create a new gold backed standard. 10 trillion dollar deficit this year is going to all but kill the value of the dollar

>>18562932
It does seem like a running up the credit cards before declaring bankruptcy type scenario taking place.

>>18558195
False and gay for blatant lies

>>18557922
did you forget to set your trailing stop? I made tons of money, I'll buy it again after the panic

>>18559035
This

>>18560182
dude