/biz/ - Business & Finance

>>50239016
should have shorted the top

>>50239016
>technical analysis

>1740
OH NONONONONONONONONONONOOOOOOOOOOOOOOOOOOOOOOO

>>50239016
Strong dollar - My currency is strong, I have nothing to worry about
Weak dollar - My gold goes up
I literally can't lose.
You act as if gold needs to move like crypto, it serves an entirely different purpose.

>>50239016
IT'S JP MERGEN MANIPULATIN THE PRICE!

>>50239109
>dollar stronk
>still get hyperinflation
>gold still dumps back to $200

>GOLD FORMED A "DEATH CROSS" AND THEY FOUND TWO HUNDRED TRILLION TONS IN UGANDA, ALSO PETER SCHIFF IS INSOLVENT. THAT MEANS YOU HAVE TO SELL YOUR GOLD NOW.

>>50239161
What asset class isn't suffering from the same issue right now?

When hyperinflation happens and the ounce of gold is under $800 I’m going to use the money from my hyper inflated salary to buy a shit load of gold ounces, so that my sons and my grandsons can enjoy them when they’re 4,500 an ounce and do what they want with them.

>>50239209
nothing, it's over
there is no salvation
get a gun and canned food till you can

>>50239216
>my hyper inflated salary
sorry sir it doesn't scale up

>>50239234
/biz/ when bitcoin is at $60k:
>OMG bitcoin to the moon $100k eoy buy now or get priced out forever it's da golden bullrun we are all GMI
/biz/ when bitcoin dumps:
>holy fuck it's literally over bitcoin to $5k gold to $400 sell everything and buy canned food and ammo
this board is staggeringly emotional and retarded

>>50239234
I'm not old enough to have gone through many years of hard times, I respect that the last 15 years has been an anomaly.
There is nothing new under the sun, this too shall pass.

Cashchads where we at

>LEEEEEEEEEEE HECKIN DEATH CROSSSSS
Which retard came up with that name? Literally made for clickbait.

>>50239209
Hbd and hive is the best way right now

>>50239299
I am really surprised that Im good wothout doing anything. I guess it pays off to be lazy afterall.

>>50239257
I understand for some people it doesn’t but I started working my first real salary job in 2018 making 60K as a network engineer. Now I’m making 85k a year as an engineer at a different company but doing much less work. My skills have not changed, this is just what the free job market offered so I took it. My point still stands. As my salary keeps inflating upwards, the ounce of gold will just get cheaper, I will never stop buying and as soon as a an event in the future fucks with American day to day life, my gold will shoot up in value. Real high IQ move nobody is telling you about on here.

>>50239399
>As my salary keeps inflating upwards, the ounce of gold will just get cheaper
not how this works, gold is deflating due to fears of recessions and the increasingly imminent risk of your layoff. otherwise you're right, we're walking the knife edge between global liquidity crisis and runaway inflation, and either scenario is bullish for gold in the not-so-long term

Nothing coincidental about any of this. The biggest wealth transfer in history will continue.

>>50239016
my godl :(

>>50239427
>gold is deflating due to fears of recessions

Gold is not deflating due to fears of recession. Gold is deflating due to paper recessions of other countries being worse than in the USA, therefore making USD more liquid than other currencies. Gold down because USD is good. That’s why my salary will continue to allow me to buy more gold as time goes on, because the FED lately has shows it really cares about putting out news ASAP when markets are bleeding. They reassure everyone that they will always QE, which is bullish for my salary, which coming back around allows me to buy my cheapies in preparation for the ultimate collapse.

This is where all the doomsday memes come from.that’s is why I say this gold is for when my sons or grandsons live in the hyper inflated communist states of America.

>>50239284
Try to remember we’re not a hive mind.
Anyone can make a thread.

>>50239209
Ammunition, unironically.

>>50239016
Lol still buying three ounces today. I literally bought 50 ounces of gold prior to 2004 so I'm literally ahead by all you crypto faggots

>>50239016
Literally the only asset in the world setting new ATH every one or two years since the 70s.

>>50239016
>trade your gold for our toilet paper, goy
no

>>50239694
b-but we're tapering the creation of new toilet paper, at least until the tapering results in liquidity issues!

>>50239653
>barely a 4x in 40 years while the dollar value plummets

still stackin
stay mad, haters
how's your fake internet money doing
don't answer cuz i don't care

>>50239746
We are still nearly double from the DOW's 1st quarter you retarded nigger

>>50239811
>bitcoin: -65%

>>50239836
what the fuck anon how autistic are you

Mmmmmmm shinnnyyy

>>50239209
Food

>>50239016
>OH NO OH FUCK WE'RE BACK AT JANUARY'S PRICE
>ROCKCOIN IS DEAD, ITS OVER

>>50239811
If you start from when the gold standard ended, gold has outperformed the Dow

>>50239109
I have 200k waiting to payout on Airbnb to me.
Couldn't be happier earning in USD.
With gold, you just win.

>>50239054
What kind of fundamentals gold has

>>50239842
shortterm
its still 200% to 2 years ago...

>>50239016
>normies use random magic number lengths of ema and call it a death cross when short crosses down long
take the full spectrum pill you fucking cowards

>>50240685
5000-6000 years as money

>>50239016
Good FUD man, I just bought a bunch of gold miners. Really undervalued market right now when you look at the macd and rsi over a five year period.

HAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHA

Goldbugs get fucked once again..

>>50239620
This anon is right, I can also make a troll post about gold falling while also buying it up because fuck everyone. I don’t know you, go buy some land rn, that’s the (((move))).

>>50241604
you know that its papergold and not real

>>50239811
100x in 89 years is right on par with the devalued dollar which lost 99% of its buying power

>>50240685

None but that doesn't mean that TA is going to work.

>>50240685
>5000 year proven inflation hedge
>bear markets are the author of bull markets
>nigger tongue my anus
None

>>50239088
savage

Rugged by based Uganda

>>50239016
I'm so glad I cut my losses and got out of this sector. The fucking TA's all stretch their lines further back than when my parents were born.

>>50239826
ywn have a good delivery bar

>>50240685
you can use it as a paper weight, collect it like pogs, or stick it in a sock and club people with it.

>>50240685
>What kind of fundamentals gold has
>fundamentals gold has
>gold has
way to out yourself pajeet. i know your people stack gold.

>>50239088
brutal

>>50239193
Finding the gold in Uganda is the only reason I can see why they would want to tank the price before purchasing it

Bitcoin dumps
Gold dumps
Do nothing and come out on top fuck yeah

>>50239016
people who arent losers buy gold and silver as long term relatively stable assets. im ok with the relatively small amount of value i have in pms going down a bit, if i was in equities it would be alot worse

only losers buy gold or silver in the hopes that it will magically 100000x when le apocalypse happens

>>50244607
btw as we settle into a recession that could easily last a year plus i wouldnt be surprised to see pms rise in value as people flock to them

>mainstream media says gold will dump

this is bullish as fuck for gold

>>50239399
Gold is finite actually

>>50239088
basado

>>50239399
>as soon as a an event in the future fucks with American day to day life, my gold will shoot up in value
what 'event'? gold has never done much more than a 2x through two world wars, a depression and a million other 'events'

you think something bigger than that will not only happen, but in such a way that gold will magically break out of all historical precedents? why??

>>50244728
They are always dreaming about some "event" that will magically make them rich. They can never answer it or give some vague answers that don't make any sense. They are just poor, low iq /pol/tards to scared and retarded to make it in the real market so they have made up some fantasy world inside their heads so they don't feel like the loser's they are.

>>50244852
Why is this time different?

>>50244852
this
the event already happened TWICE and shiny rocks failed the test and keeps going down as we speak
these faggots don't understand that you cannot win playing their))) game, its rigged from the start! and they can crush the economy and still survive while the 99% sink into the ocean

>>50240735
Not buying your gold Mr. Shekelburg

>>50244852
im working on a book called 'loser theory'. its actually fascinating how there are underlying traits and behaviors that ALL losers share

one is basing their entire futures around half baked ideas that require THE WORLD to change to come true.

note their plans never involve any sort of personal effort or improvement. youll never hear a loser say 'ill study programming to get a better job', but you will definitely hear a loser say something like 'these pokemon cards will be worth a million dollars one day...YOULL SEE'

another universal trait is that losers ALL blame ALL their problems on external factors/people. theyre losers because of their parents/jews/the government, or even just their boss or neighbor. the mere suggestion that they expend effort to change any of these things is extremely offensive to the loser

also anyone who has any success in life, even if they grew up in identical circumstances to the loser, is LUCKY

losers are a dull yet interesting segment of humanity

>>50245056
not reading your blog
go back

>>50245085
> le go back le ngmi cope seethe le dilate
loser...

gold, down to like 1750 from 2000; thats like 13% difference

bitcoin down to 20k from 65 or so, thats like a 70% difference

fact is all markets are seeing a pullback before the derivatives market gets rugged, those holding physical assets of any type will do better than those who are vested in index funds or portfolios

>>50239399
>As my salary keeps inflating upwards, the ounce of gold will just get cheaper,

No it fucking won't. You see this here in the graph, that's nearly 100% in value increase over 12 years.

>>50245056
I opened a business, mined eth and btc. Bought different forms of cryptocurrencies and sold stocks. In the past 2 years None of these have given me the same % gain that pokemon cards have. Everything is a 2x or 3x at best. Some of the pokemon cards I've bought have legit 10x. I'm not going to sit here and tell you to buy Pikachu and charizards exclusively, what I am saying is that there is alot of money to be made in trading cards. If you can't understand this then you are ejusy an idiot. Simple as

>>50240685
>What kind of fundamentals gold has
It physically exists.

>>50239016
Cheap gold you say?
How terrible haha, excuse me, I have to return some video tapes

This is actually a good thing. Usually metals dump with the market before fundamentals kick in and it goes up.

>>50245495
this

>>50239016
>implying we don't want gold to go down
if gold suddenly hit $1 per ounce I'd be extatic (assuming I manage to buy any)

>>50239088
>"owning" someone by replying to a half year old tweet
lmao

>>50245495
/biz/ is too zoombrained to understand

>>50239033
I thought this was a cup and handle. Turns out it was a double top. FUCK.

>>50239399
So many people mad that I make it make sense to buy gold. Bullish imo. All the fudds main response is “what event hurr durr, historically gold hasn’t done more than a 2x”

To all those: america has not been in a situation such as this where the money supply is this high and the fed coping this hard to keep all you sheep settled down. All you faggotshonesgly just sound pretty mad that you didn’t get your stacks when gold was at 1000-1200 like I did. Did I ever say I was personally planning to get rich off of it? No, not once did I claim this shit will make you rich. I said this is for my bloodline after I’m gone tk get rich, because if you think we’ve already had the big one “HURRR DURR TWICE ALREADY LOLOLOL” then imagine what it will be like the longer (year at te r year) that the fed keeps up its charade.

All that name calling on me for buying gold should be billing to all you. And yes, you will be pumping my bags, but at least you and even your bloodline won’t be holding worthless national “debt” notes when America finally becomes a joke in about 20-40 years-so much that international trade goes down, and we actually suffer.

That’s what gold is for. Kill yourself gold deniers. Your daughters won’t be good enough intellectually for my sons.

>>50239016
This is because of GameStop somehow

>>50245050
buying? with what? hope you have some good food or guns/ammo because someday soon nobody will buy your worthless paper

>>50245387
sure. it sounds like you took the time to learn about the market and are active in your buying/selling. a loser buys $20 worth of cards and puts them in a box for 20 years

do you think most people make money trading crypto/stocks? whats a word for people who dont win at things?

losers are here to give to winners. they do it voluntarily too

>>50246414
>long term investing makes you a loser
kys, faggot

>>50246431
no, losing at things makes you a loser. i dont think i can make this more clear

>>50246572
go back to writing your book
i'm sure it'll be a best seller

>>50245400
So does my shit, but alas I'm unable to find a market or buyers...

>>50239088
kek

as the global economy is forced to begin valuing things according to their utility, gold's price is just adjusting to reflect its actual real demand outside of being a legacy financial product. this is great because gold's physical properties are incredibly useful, but its immense financial baggage has made it much too expensive for wider industrial use. I look forward to seeing the real potential of gold unleashed when it is no longer so irrationally priced

coins minted by governments are the original NFTs

>>50244899
Because the new emerging Chinese empire wants a gold backed currency and the best way to destroy the current reserve currency is by making people lose faith in it by removing the price manipulation.
China controls the London exchange and can change the calculation method to remove derivatives when they want.
The current dump is paper manipulation, but the more manipulated the price will be and the more gold and silver will eave the west.
Once there is nothing left to buy and the king is naked the price will go up as it will instantly increase the value of China and Russia's reserves while devaluing the dollar.
The reserve currency status of an empire is the last to go after this empire lost all its power and this is currently the last remaining power of the USA.

Once it is gone they won't be able to pay the CIA and all the criminal agencies and they will go through the same situation Russia went through after the cold war ended.
However because this is a death blow to the USA they will certainly try to start a war over it.
China prefers to fight through indirect manipulation and longer time frames.
They will just keep letting the western powers dig their holes deeper until they self-destruct.

Seeing the situation with energy in Europe it seems we may have underestimated the stupidity of the globo homo and this may happen sooner than expected.

>>50245638
never going to happen, but imaging all the boomers panick selling is pretty funny

>>50240735
Camels and horses were the main form of transport for even longer than that... until cars came along

>>50246795
muh bitcoin will replace teh gold and silberrr

Oh look! Another totally (((organic))) thread fudding gold/silver, it's only the 12th today! As organic as the fake news and real dump of fake paper gold on the markets to completely unprecedented levels because they goyim aren't allowed to understand the financial system is so overbloated and disconnected to the real economy that it's not possible to have the two to interconnect anymore.
That's why the central planners will soon make it ILLEGAL to purchase commodities. And since only precious metals have all the characteristics of real money, it will be forbidden first. But before that they want you to sell at any cost, and artificially dumping the price to make it look like a poor investment is their only tactic left, alongside new (((taxes))).

>>50246636
>>50244645
>>50244286
>>50242111
>>50239088
his bank was shut down by evil statist sociopaths that want to make you poor

why are you celebrating this?

>>50239088
based

>>50246964
>haha goldman sachs shut down a competitors bank
kill yourself retard

>>50246934
It's called irony.
He could have prevented this with cryptocurrencies, but kept shitting on Bitcoin instead.
He finally found out through his own experience why he should have tried to fud less Bitcoin and used it instead.

Bitcoin may have dumped -70% but at least it can still be used while his bank is closed.

>>50246907
This is what I think to, but how long can they keep this up?
If another country buys up all the paper and asks for delivery won't this bankrupt the banks dumping quickly?

Gold should be at 1.200, and platinum at 1 488

>>50245638
>Gold has 30000000 years of history which brings it value but you're not allowed to make fun of gold baggies that were taking victory laps months ago and now are insolvent

>>50246986
>He could have prevented this with cryptocurrencies
no he couldnt have
his bank would have been shut down even faster if he was dealing with crypto

>Bitcoin may have dumped -70% but at least it can still be used while his bank is closed.
lmao these things are completely unrelated

>yeah you got in a car accident, should have eaten a banana instead, retard

>>50247061
While I agree that he got what was coming to him, the argument has nothing to do with peter schiff's bank and his legal issues.
He's making a statement about BTC and its many "whales".

>>50247061
But his bank is solvent

>>50239016
Thanks for the cheapies, kikes!
HAHAHAHA

>>50239088
why do they always say the same shit? it went down in usd prices, but the supply hasn't increased. The supply of gold "increases" every year because no one knows how much of it there really is in the world theres no proper way to value it even in usd terms.

>>50239016
Zoom out

>>50244640
it technically isn't they can make gold just by smashing particles together the technology just isn't commercially viable yet

thats a gay retard name to name something faggot. these stock market trading terms are extremely cringe
there are bigger things to worry about than a "death cross" """pattern"""

>>50239811
You don't buy gold to get rich
You buy gold to not become poor

>>50239016
Even if gold becomes useless, I can always make it into an awesome wedding ring for my future wife and mother of my children, though.
Ain't it more romantic when you do the rings yourself? Kinda like how these radfem femcels nag about men not being masculine by not building the entire home himsellf, blah blah blah.

I can't build a home from scratch, but at least on everything else, I want to do it myself :D

>>50239653
>ATH's: 73-75, 79-80, 08-11, 19
>not even inflation adjusted
>" new ATH every one or two years since the 70s"
ok

>>50249211
Who the fuck adjusts an asset chart for inflation? Only gold fudshills ever ask for this as if it's a thing. Don't be a fagget.

>>50245056
>niggercattle level : EXTREME
Simply take a selfie for your book's cover, it will be the best illustration of a loser you'll find.

Gold is pretty and all but if you're worth less than 2 mil and buying that shit you're a goof

>>50239016
nooo not the heckin shiny soft yellow metal who would have thought it doesn't do anything and no one even sees it as a status symbol anymore
>gold teeth
>gold watch
>gold chain
>gold rings
>gold cuck cage
>gold butt plug
>gold dilator
I'm ready look how heckin wealthy I am I don't look like a clown NOOOOOOOO

>>50249163
>wedding ring
What year is this, 1822? There's too many wedding rings already in existence already. Look at the stats.

https://tradingeconomics.com/ ADD COUNTRY HERE /gold-reserves
good enough for world governments, good enough for me

>>50244492
There's around 320 tons of pure gold in the Ugandan deposit, not 320.000.

>>50244624
We're not hitting recession, sorry. Jobs at every corner, not happening. All this inflation is the after effect of shitty covid policy that only hits now.

>>50239811
>from ath in year y to ath in current year it only did x much
lol, kill yourself.

>>50246607
But your gaping arsehole shits by the ton and we can step on it on all streets, rajeet. The opposite of value and rarity. What's your next question? Why does a bugatti cost 4 million dollars since it's just a fancier ford-like car?

>>50239016
Clown market

>>50239088
el basado. Checked

>>50249792
>doesn't do anything
lole
I don't get this autistic crypto vs. precious metals thing
I'll just hedge my wealth by buying both

>>50239016
>CNBC wants me to sell my gold
be right back, buying as much gold as I can afford

>>50250640
Possibly the only intelligent post in this entire thread. Literally just buy some on a regular basis as the ultra omega-shenron over 9000 boomer ETF rendered in physical asset form. No more than 10% portfolio allocation and even that amount is Schiff-tier. Same with crypto, throw another 10% in that in the ones that matter. Live off of 10-20% and no more, buy land with 30-40%, set aside 25% for your kids and immediate family as well as for emergency use, and speculate with the remaining 5-25% in accordance with personal risk tolerance. Managing wealth is only as hard as people make it out to be for themselves.

>>50248445
>at least 5 dollars over spot
there are no cheapies, there is no free lunch, and there is no queen of england

>>50239399
they can just print more and more paper gold making it worthless

>>50246591
losers always use potential failure as an excuse to not do things
> why work out ill never look like arnold schwarzenegger anyways!
people who arent losers actually do actual things all the time for the sake of personal satisfaction and achievement. have yet another big day poooosting cartoon pics on this childrens forum!

>>50239088
I will gleefully watch the video of him being lynched

Never selling my gold, you can keep your paper faggots

>MUH FIAT VALUE
Gold and Silver have been used as currency for over 2,000 years, they are going to outlast shitty paper currency

>>50239016
Store. Of. Value.

>>50245400
That's a liability though. Makes it hard to transport and store

>my crypto is still -60% from ATH
>lmao goldbugs are -14% where is your store of value bro?

Maximalists are the most delusional creatures on earth

>>50239054
based

>>50252310
It also has an advantage. There are no costs to maintain it once it was made.
>BTC is future of money
>BTC has finite supply
>Oh, miners will be obviously paid from transaction fees in the future
>But the strategy is to hodl and not do any transactions
>So people that will use BTC as money will pay for sustain of my BTC hodlings
>But you see, the transactions will also be incredibly cheap, because.... well just because okay

>>50252287
Cope

>>50250525
You didn't have to wreck him like that

>>50239653
Lmao, BTC chart with a different timeframe

>>50239016
gold not needed

>>50239209
Unironically shit coins

>>50246738
>Because the new emerging Chinese empire wants a gold backed currency
Lol, What the fuck are you talking about? China wants to implement literal expiring money

Nobody gives a shit about gold aside from niggers and their gold chains

>>50239088

>>50239016
It's the jews

>>50239125
Kek

>>50239216
>my sons and grand sons.
You know it’s 50/50 for a boy or girl right?

>>50253156
>digital scam token expiry dates
Isn't that just inflation?
The same trick they've been pulling off for a century plus?

>>50239054
>trend going up
>momentum going up
>take bull flag formations (candles with lower highs start forming, wait for a break of the previous candle's high to enter) with a stop loss 2 cents below the pivot that was formed, with a target of twice whatever your risk is

explain to me why this won't work 34+% of the time on highly active stocks, anyone in this thread. i'll wait. and yes, i just gave you the holy grail, but it's actually just common sense so it shouldn't be a big deal. you don't need to win 100% of your trades to be profitable, seems to be everyone's problem with TA. you can be wrong more than half the time and still be making money. it's just a common sense edge combined with proper, simple risk management. use 2 EMA's for trend direction and whatever momentum indicator you like (I like the Hull MA myself)

>>50239016
Nooo not my precious metals, I'm only 30 I wont be able to retire in 40 years if it keep dumping!!

>>50253156
That’s fake news.

>>50239299
Hey what's up? and checked.
>>50239396
Yeah pretty much this. The simplest strat there is. Holding cash for a year and a half now, against all conventional financial advice. Still holding. I'm tempted to fomo into bargain shopping lately but I think theres plenty of room to go lower so ima diamond hand my cash for now.

This can’t be happening. Hannity told me gold was a safe investment from inflation.

>>50239216
Good idea.

>>50239016
nobody is right. not gold spastiks not crypto spastiks , not stonk spastiks. everything will crash. we are in the crash, it has only just barely begun. you are all cringe and retarded. this is 2008 but worse

>>50239016
Whoever holds gold and silver are ngmi confirmed. Never listen to their lies