/biz/ - Business & Finance

I'm gonna put 50K in gold through my broker, since most of my wealth is in my IRA.

The rest is going into ETFs and crypto. I wanna hedge my bets.

>>24763075
Good move. Get out of the banking related assets which you can.

>>24763122
I dunno. I lived through the gold spike around 2007-2009. The banks never collapsed. I think it'll take a few more events for a bank collapse, but I'm hedging my bets a little. I wouldn't go all in on gold because BTC could displace gold as an alternative to fiat money.

At least that's my opinion.

>>24763193
I don't see bitcoin attaining mass adoption anytime soon. It's too complicated and intimidating for most normies. That's not to say that it won't keep rising substantially. Gold and bitcoin will both be winners when this all plays out as wealth has to be transferred into non-fiat stores of value.

>>24763302
Yeah I agree. Hopefully they both go up.

Anon, you should buy silver and then sell it back to me when shit is ok

>>24763002
>This seems very tempting in the current social setting.
wait until the threat of stimulus disappears.
>t. debtmaxxed and getting ready for EOY 2021

>>24763479
Agreed about more stimulus. We are currently in deflation but velocity has finally starting increasing.

Stacklet reporting in.

I wouldn't be so bullish in the short term, vaccines and shit might actually give a hope of recovery before the aftermath of printings of this summer starts to creep through the windows

>>24763002
Get a ford f250 gas truck while you're at it for the mad max times.

>>24763604
Once the spending starts again, velocity will increase leading to price inflation. Velocity is the most important metric when determining gold price.

>>24763302
>stays poor

>>24763075
I really wouldn't put my faith in gold stocks or etf's

physical that you own is better.

>>24763899
Different investments are better for different possible futures.

I don't have faith in any store of value. Gold can depreciate. BTC can go through bubble cycles. My house could burn down. Money printer go brrrrrrr. Stock market crash. Since I can't tell the future, I'll diversify to protect my wealth.

>>24763899
Premiums and shipping on physical are a bitch though
Easily set you off a 5-10%, but at least won't be taxed if you end up selling at spot or below

>>24763002
Do this but with bitcoin not a fucking shiny rock.

>>24763899
>>24763934
Oh sorry I misread. But like the other guy said, I don't wanna pay a premium. When I have more wealth I can ask for physical delivery.

>>24763604
all we need is one event that will make every1 lose faith in the dollar.

>>24763775
>>24764194
What if these assumptions are already priced in to gold's sale value?

>>24763958
Stop avatarfagging.

>>24763958
Don't stop avatarfagging

>>24763934
Agreed, my portfolio is
made with the mindset I don't trust one a single asset I own
will see what will it become...

>>24764305
That's what I was implying in my previous post, the rally of this summer was to prepare for that occurrence.
If it fails to happen I think a 20 to 30% dump in PMs is very possible

>>24763958
both are good avatarfag

>>24764339
>>24764373

The duality of man.

>>24764421
Gold bleed and went sideways for 30 fucking years from 1980 to 2009. It's a trash investment and a poor choice for a store of value.

>>24764475
What's the best store of value if you think the stock market will crash? I read that BTC historically can go down with the market (as in the March pandemic dip), but gold is probably overpriced as it's the traditional safe haven during times of chaos.

>>24764562
That leaves silver

>>24764634
Good idea thanks!

>>24764562
The means to sustain and defend yourself. The Amish will be fine, normies won’t.

>>24764562
physical silver no doubt

>>24763002
Hey anons. I got a question, mainly for silver chads.
Why are you buying the metals instead of, say, silver ETFs?
Storage is not really a problem, but how do you justify the ridiculous premiums?

rolling for commie limbs

>>24764698
If you don’t hold it you don’t own it. Also I hate fractional reserve banking.

>>24764698
well most silver chads bought their silver for an average of 15 dollars an ounce, my man. So they don't have to justify the premium anymore.
Silver itself is nice to hold in your hands, so it's just nice.

>>24763604
thats not stacklet tier, you are well above the average in europe.

>>24764766
>fractional reserve banking.
There are better institutions that will gladly take your money, at possibly better rinterest. Even brokers can be safer.
>>24764787
>Silver itself is nice to hold in your hands, so it's just nice.
Agreed. These dealers are greedy af tho.

>>24763002
Mining stonks are my play, pick up some HMY and SVM.

>>24763002
>Anyone else considering maxing out credit cards to buy silver or gold bullion?
I did 50% on mine during the dip

>>24763002
You'll be better off buying blue chip cryptos, gold's 8 trillion marketcap isn't going to pump enough to generate you any real gains

>>24764698
I have 15 oz Gold in PHYS (that's about $30k) about 800 oz Silver PSLV (that's about $30k), these are direct claim certificates on gold and silver bullion. That's a defensive position.
I have $20k in various miners and producers. Those are offensive positions.
I'll be rolling all of these into REITs and such in about 5-10 years when relative valuations have flipped.
PM stock forms about 60% of my portfolio. 20% is options plays like 0DTE iron condors on SPX for $2k a month steady income, or selling covered calls on my miners, who just love to crab their way into oblivion. The rest is cash or crypto.
I take 33% of my crypto earnings and purchase physical silver, because it's a way to capture value out of the system. Sitting on about 300 ounces (silver) now, on average it's a couple ounces a week. Gold I'm not buying much anymore outside of jewelry for my partner until I have 500 ounces Ag.

I'm going to play the gold:silver ratio and transfer 25% of my silver into gold at 50, 25% at 40, 25% at 30 at a coin shop. Get the dealer to give me store credit for the "sale" of silver, swap the credit for gold, boom, now have purchase receipt with no tax burden on the sale. Rinse and repeat on the other side.

I have physical because it's fun, and far more dynamic and fulfilling than 1's and 0's. It's generational wealth that I don't plan on ever selling. It's a way to capture value from the valueless. Premiums are not bad if you buy from JMB or APMEX and avoid the collector shit, and given how undervalued silver is right now, definitely worth it. I consider premiums to be the same as a brokerage fee.
10 oz and 1kg bars are the best and most classy way to stack.

>>24764698
Most ETFs charge like 1.5% management fees so any premium you pay will even out over time. And if they charge much less than that it starts to be suspicious because vaulting is not cheap

>>24763002
Bro, I implore you to not take on debt to buy metals. If you have any debt, pay it off, then start stacking. If you absolutely must stack, just get a little bit every couple weeks. These movements don't happen overnight. You will have time to average in. Catch the inevitable dips in price and don't for the love of god pay interest on debt you got into in order to pay for metals.

Unless you think metals will appreciate in excess of your APR, in which case yeah go for it. But that's really fucking stupid.

>taking on debt to buy precious metals
>get out of every banking asset you have!!!
>go 100% into metals
>go 100% into bitcoin

I own gold and silver, but half the relies in this thread are bullshit