/biz/ - Business & Finance

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HI PETER Anonymous Fri May 15 09:18:11 2020 No.19108745 [Reply] [Original]

“HSBC’s loss highlights the extreme nature of the disruption to the gold market in late March, as lockdowns closed refineries and grounded planes, strangling the supply routes that allow physical bullion to move around the globe.”
https://www.bloomberg.com/news/articles/2020-05-13/hsbc-lost-about-200-million-in-one-day-on-gold-market-turmoil

>>	Anonymous Fri May 15 09:24:36 2020 No.19108836 File: 48 KB, 750x420, 1589336850743.jpg [View same] [iqdb] [saucenao] [google]

>>	Anonymous Fri May 15 09:26:07 2020 No.19108853 >>19108836 Intrinsic value of bitcoin in any year: 0

>>	Anonymous Fri May 15 09:27:20 2020 No.19108871 >>19108836 this wont age well

>>	Anonymous Fri May 15 09:27:59 2020 No.19108885 >>19108853 This kills the cryptocuck

>>	Anonymous Fri May 15 09:28:40 2020 No.19108896 >>19108836 This is how you jinx clown-world, anon..

>>	Anonymous Fri May 15 09:28:59 2020 No.19108902 File: 78 KB, 506x362, 1583D289-C2A4-4A8B-ADE9-116703984822.png [View same] [iqdb] [saucenao] [google] >>19108871 >>19108885 >DON’T TOUCH MY SHINY ROCKS

>>	Anonymous Fri May 15 09:32:27 2020 No.19108964 >>19108853 what the fuck are you talking about lmao what's the intrinsic value of gold? don't say electronics, they weren't around for the majority of gold's lifespan as money

>>	Anonymous Fri May 15 09:54:55 2020 No.19109376 >>19108902 on the contrary, being able to touch them is what gives it value :)

>>	Anonymous Fri May 15 09:55:16 2020 No.19109383 >>19108964 Gold: >chemically very stable >beautiful (jewellery) >electronics >scarce(but not too scarce) >medium of exchange >jew bait As you can see it's the ultimate store of value.

>>	Anonymous Fri May 15 10:04:38 2020 No.19109584 >>19109383 The big one is that gold doesn't lose any mass to oxidation of compounds when you melt it. Made it very fungible in the old days.

>>	Anonymous Fri May 15 10:04:44 2020 No.19109587 >>19109383 >jew bait implying you can circumcise gold

>>	Anonymous Fri May 15 10:13:30 2020 No.19109785 File: 123 KB, 1164x420, 1589549076079.jpg [View same] [iqdb] [saucenao] [google] >>19108836

>>	Anonymous Fri May 15 10:15:56 2020 No.19109845 imagine carry around rocks instead of future money

>>	Anonymous Fri May 15 10:17:30 2020 No.19109882 File: 386 KB, 1200x1290, 67C81D9A-B15B-4FAA-863D-1F4D45B9E909.jpg [View same] [iqdb] [saucenao] [google] >>19109845

>>	Anonymous Fri May 15 10:19:28 2020 No.19109921 >>19109882 Fucking saved

>>	Anonymous Fri May 15 10:26:02 2020 No.19110060 >>19108853 The very idea of value is what people think of it. It’s literally a social construct.

>>	Anonymous Fri May 15 10:40:38 2020 No.19110393 >>19109785 he aged pretty well for being 100+

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