/biz/ - Business & Finance

this, hoard Bitcoin instead

lol this thread again. they don't want you buying the bottom

>>51364421
think about it you retard

the people hoarding gold who arent big names or insitutions are 4chan retards, whose going to wanna buy from some weird freak? I bought 5 ounces of gold in bars and i didn't buy from private sellers because of the risk, i paid a premium to buy from an exchange isntead

which got me thinking; when its my time to sell who the fuck is going to believe me and buy from me? AS far anyone knows i could just be selling gold wrapped iron or steel

>>51364786
>nooooo not my $40 spread
don't invest in gold to flip it. don't invest too much of your money in gold. if (when) there's a credit crisis or hyperinflation you'll be happy you have it. maybe not as happy as you'll be to have bitcoin, nobody knows.

>>51362780

My dad is a "nobody" and had 3 10oz bars of sunshine silver bars, still in their vacuum sealed packaging.

He barely payed over spot because it's generic silver and not from a government sovereign.

He took it to a pawn shop for cash and got exactly spot for it, which is exactly how it should be. He didn't have to negotiate prices.

If I had to guess, you've never even bought pms, or tried selling them to a pawn shop. You're another moron shill.

In my experience, EVERY SINGLE PLACE near me sells slightly above spot and buys for exactly spot, no matter the metal, unless it's some kind of rare collectors piece or something.

>>51364977
silver premiums are rape though, you pay several dollars over spot
gold premiums are ok

>>51364977
>>he sold to pawnshop for spot price

Why are you accusing me of fiction, when you are the one telling it?

>>51365257
>NOOOO NOBODY PAYS YOU SPOT PRICE FOR BULLION
why are you repeating the same faggot lies as yesterday lol
the rape happens when you buy, not again when you sell unless you're unloading jewelry

>>51365308
>just sell your gold to pawnshops bro

lmfao. To anyone reading this, go ahead try and sell gold to pawnshops and see how much you can get for it.

Fucking boomer shill retard. Ill behead your entire family if i ever see you

now make fun of me for "dying on this hill" again for proving you wrong

>>51364977
You are out of the loop since before the scamdemic it seems fren.
Premiooms on silver never have been higher (tho in the US it's still acceptable compared to other countries). In the US they are around 30%, 40-50% in western EU, and 100-110% in most of the rest of the world (brazil, ecuador, romania,... whatever shithole you can think of).
Which is truly disgusting when you think about it. For example, silver in Mexico is far more expensive than in the US, even tho half of said silver is fucking mined in Mexico and imported in the US lol... Meanwhile the average US salary is what? x20 more than the average mexican?
So the mutt get not only to initially buy x20 more silver, but he also get a 50% discount on top of it, even tho he didn't produce it!
You can thank the rabbis at the Comex for these cheapies, and use it at your advantage, because it wont last for much longer.

Also sellers are getting ultra greedy. Sure they pay you back over spot, but not by much compared to the premiums they pocket in (they pay 2€ over spot here).

>>51362780
there is no flaw to your post. trust is still a major issue with gold.

t. hoarding gold plated lead ingots for the collapse

>>51365331
if you're selling bullion and not jewelry/ornamental gold they'll lowball you 0.2% at most
just walk away and go to another shop if you can't get spot

>>51365334
cant have enough of these

>>51365366
>the collapse means all the sigma verifiers just disappear
you'd get exiled from your community for being a scammer, have fun being a wandering jew in your fantasy mad max collapse

yes, silver is an industrial byproduct looking for a market and gold's price carries a VAST premium over its actual industrial demand. they are scams and have been for a long time

>>51362780
It is a scam imagine paying these dealer niggers a fucking premium for their boomer rocks. I bought 2 lbs of silver as a just in case and I won’t spend another fucking dime enriching these dealer kikes. Thanks but no thanks.

>>51365424
>they are 6000yo scams bro!
>t. shilling worthless digital fake assets in every bread

>>51365424
i dont really care if its a scam, same with crypto, i just care if i can make money out of it, and it seems like gold is one of the worst ways of making money ive ever see, unless you're stealing it ofc

>>51362780
why do people think that if society collapses anyone will be interested in shiny rocks and not
yknow
food?

>>51365424
>industrial byproduct
kek just stick to the "jews will never let it moon" fud, you don't need to resort to lies
also industrial demand for gold would skyrocket if it wasn't a monetary metal. it is a flatly better alternative than lead and tin for most purposes, if gold was more abundant we'd use it for plumbing, foil, fixtures, electronics etc. because it's completely non-reactive, highly malleable, and conductive. the reason industrial demand is low is because it has always been prohibitively expensive thanks to near universal investment demand.

>>51365479
>urr durr what is a standardized medium of exchange
biz's brainletism never cease to amaze me

>>51365499
but why would it be the standard in a collapse?

>>51365499
I can't tell if it's profound retardation or just paid fud aimed at the profoundly retarded.

>>51365499
>standardized medium of exchange
Standardized against what you nigger

the 'standard' is the dollar, in a case of societal collapse nothing will enforce me shooting your nigger ass and taking all your gold

>>51365257
eh my local well known LCS buys at spot.. it's in the middle of a big city as well. it's not that hard to believe is it?

>>51365516
>actually your gold would be so worthless in a collapse I would risk my life and reputation to attack you with lethal force and steal it
ah, I see

>>51365499
>>51365515
i guess i should elaborate
in a collapse, gold wouldn't be good because some people would have more than others and can fully control it
with the reduced consumption due to most people dying, it would be worthlessly inflated if someone can get their hands on a working gold mine in a region

PM's became far too profitable a hustle for grifters to sell to RINO-loving cuckservative boomers for them to retain their integrity as an investment.

>>51365530
Correct. Id just kill you and take everything you own.

Still doesnt mean its 'standardized'

>>51365557
so tiresome

>>51365511
Jesus... This is economy 101 anon.
Money have 3 functions :
store of value, unit of account, and medium of exchange
To accomplish this, it needs to have the following characteristics :
durability, portability, fungibility, divisibility, uniformity, scarcity, acceptability and intrinsic value.

Only precious metals carry all those. Your food lack scarcity in most cases, and have zero durability. It's portability and divisibility is questionable too depending on the food.

>>51365576
with modern mining techniques and the amount of gold we already mined, what makes you think it will be scarce in a societal collapse where most likely 90% of humans are dead?

>>51365568
do you even understand what standardized mean you retard?

By definition you cant have a centralized (aka standardized) system in a societal collapse.

You retarded boomers think when society collapses suddenly everyones gonna shake hands and agree 1 gram of gold = 1 sack of rice or some shit when in reality there will be no standard.

Your entire family deserves to be beheaded in front of you if societal collapse happens for being a retarded nigger boomer.

Infact go standardize your life and jump off a building you worthless moron

>>51362780
Yeah, the premiums are crazy
It can be easily confiscated as it's quite visible
Very hard to prove authentic 100% only gold

I wish there was a better way

I have a moderate stack of PMs (about $20k) just because I've always been into coins and bullion, but yeah, silver especially is objectively a pretty shitty investment. Gold isn't nearly as bad but you can still get better returns elsewhere. The last couple years has proven that precious metals are absolute dogshit hedges against inflation, we've seen nearly 10% YoY inflation in 2022 alone, meanwhile gold is currently worth the same $1700/oz that it was a decade ago.

>>51365533
So many flaws in your argumentation.
Fair distribution of anything never have been a thing, what are you on? The kikes are in total control of the USD, and you still are using it, no?
If most ppl dies, believe me you wont be able to have a working gold mine. Nor a working refiner, mint, assayer, etc...
Do you know how insanely long and complex is the production/logistical chain to transform a mountain rock into a gold coin? The numbers of acids and chemicals required alone would boggle your mind. They are using machines the size of 4 floors buildings you don't even know what they are used for.
Modern industrial mining is one of the most impressive prowess of human ingeniosity and technicity.

>>51365585
The entirety of gold ever mined in the entire world can be fit in a 70ft squared cube.

It is insanely rare. One of those medium sized bars you see in movies is worth millions of dollars each in fiat.

>>51365656
ive seen people say that means gold is good because it's stable, but that's not true because those 1700 dollars are worth way less now which makes gold worth less

>>51365585
If so, then yes, gold wont be scarce anymore. But it will be true for everything then. Even lambos aren't that scarce if everybody is dead.

>>51365683
>>51365684
fair arguments i guess, even if i think things will go otherwise
noone can really predict, and i for sure won't be around when it happens anywhere as i need medicine to stay alive

>>51365684
yes, it's rare, but because of its rarity its also useless to the average person. it's also not valuable enough to be useful to the wealthy, $1m worth of gold is a huge brick.

combine that with it being devalued over the years through governmental hoarding and consequently manipulation, gold hasn't been in a weaker position.

>>51365703
Bro gold isn't for the apocalypse. Gold is for the stage "above" apocalypse, where there is some semblance of normalcy and economy.

If you really think things are gonna completely collapse to the point that it turns into Mad max, then yes, ammo and food is way more important.

>>51365656
Ah yes, the past few years of the judeocracy being in full war against PMs to keep control over their fiat scam you mean?
Did you miss the whistleblower few months ago telling us how the BIS sent secret memos to all the major banks, ordering them to short the shit out of gold?
Did you miss that the past 2 years, more paper gold and silver derivatives have been emitted than in the past decades?

PMs aren't mooning because they ARENT allowed to. 243x more silver derivatives sold on the markets in 2021 than silver mined out of the ground. It's all a gigantic game of musical chair where the kikes are selling 300 times over what they have in their vaults.
But this neo-alchemical talmudic trick have it's limits : when ppl want to get their share of physical.
And it's well on it's way. Comex's vaults went from 150Moz in registered back in early 2021, down to 43Moz as of today. Bleeding now 770K oz every single day.
Once it's completely emptied, they will have to declare force majeur and settle the contracts' deliveries for cash. Then real price discovery will finally occur, and only one owner out of 300 will get their hand on the real stuff. Protip : this wont be the stupid goy with his blackrock's SLV share.

gold is a piss shit investment.

i bought like 2 gold bars, pamp suisse in plastic blister wrap.

well, when i eventually got bored with the lack of growth in value, i decided to take it to a bullion dealers, pawn shop in my city, guess what, they wanted to give me HALF the spot price. whats more they said they dont accept them in the blister wrap, so in order to sell i would need to break the packaging. they must have thought i was a retard. i walked out and put them on ebay and sold it to some knob in japan for spot, well (spot minus ebay fees and postage and paypal fees)

learned my lesson, never buying shitty gold bars again. the demand for it is confined to a very small group of people that can only find each other over the internet. and every "dealer" is just going to rape you on the price because they know every shop in town is doing the same price raping so they just rely on you not being able to wait for your money

>>51365006

Ya, I know they are. Nobody should be selling right now anyways.

>>51365257

Literally every single pawn shop by me buys at spot. Gold, silver, platinum, etc. They don't even give a shit what kind of coin or bar it is, as long as it's real. They care about the metal. I'm sorry of the shops around you are scammers.

>>51365336

I agree about the premiums. I'm just saying, every shop by me pays exactly spot and op is full of shit.

Anybody buying pms to get rich doesn't know wtf they are doing in the first place.

>>51365816
boomer qtarded nonsense. why would any fucking retarded boomer qtard have any inside info on what the bank of international settlements is doing day to day? gold shillers sound like xrp coping baggies

>>51365593
you need counselling you absolute moron. not even USD is "standardized" according to your retarded definition lmao. did somebody shake hands and agree that 10usd = 1 sack of rice? Price is a function of the market. "Standard" simply means broadly accepted as a unit of account.
Fucking gorilla niggers I swear. Anyways unlike you I'm not being paid to rehash this gay debate script so have fun shooting everyone for what you need in muh big collapse, operator.

>>51365959
>Literally every single pawn shop by me buys at spot. Gold, silver, platinum, etc. They don't even give a shit what kind of coin or bar it is, as long as it's real. They care about the metal. I'm sorry of the shops around you are scammers.

prove it

>>51365956
Lmao you claim a pawn shop offered you HALF of spot on bullion bars and now you're asking for proof that somebody can get spot for their metals?
Hahahahahaha they're really not sending their best. I half suspect you're samefagging and making retarded arguments just so you can get btfo by one of these totally epic PM investors

>muh muh gold hasn't hedged against inflation!!!
>b-b-but muh past 10 years! anything before that doesn't count!!!

>>51366062

>>51366075
Just ignore these kikes they get paid by the (You)
Literally the same thread was up yesterday >>51355966 and this thread is just a groundhog day repeat of the same false "arguments"

>>51366062
life's too short to hold gold

>>51365816

Fair points, but at the end of the day it's still been a shit investment in recent times because people with way more wealth and influence than you or I want it to be that way.

>>51365992

Pawn shops will typically pay very close to spot for gold and silver. PMs are highly liquid and it's piss-easy for them to resell. Gold and silver are low margin for the shops but also low risk with a quick turnaround and profit. They don't have to worry about a gold coin sitting on the shelf for 9 months waiting for the one in ten thousand buyer looking for some niche item to walk in the door.

Maybe the pawn store owner thought you were suspicious and your gold bars were fake if he was trying to offer you have of spot for them.

I bought around 10 oz of silver, 5g of gold and a gram of platinum and palladium each in the last year since I started buying. I am never going to sell, it only in a really bad emergency if I have to. My main goal is to leave it for my children if I will ever have them.

>>51366114
>muh muh hedge against inflation is too slow!!!! I need risky profits AND a hedge against inflation!!

>>51366211
it's not a hedge against inflation though, it's performed poorly with no evidence it's ever going to get better

>>51366037
maybe its different where you live. this was in Bristol in England, we dont have gun shops and rootin tootin yee haw cowboy bullion dealers for mexican banditos. we have pawn shops, "we buy gold" stuff and normal jewellers. i went around most of the city center asking all the likely places and most of them said they dont even buy it they just sell it. in fact they looked at me like i was a retard for even thinking they would buy it.

>>51366204
when your dead your kids will take it to the nearest pawn shop and get 30% below the spot price for it.

>>51364786
Banks/pawnshops will be begging for your gold after a collapse.

>>51366290
>>51366305
lmao are you even trying

>>51366318

>>51366318
sure. after society has collapsed ill have a much easier time finding a pawnshop to give me a good price on my gold teehee. seriously, how much are you being paid by the bullion dealers marketing board

>ps show me one non-staged video of a man walking in to a pawn shop and getting anywhere near spot price for gold and i'll shut up

>>51362780
>doesn't know how to prove gold is real
>a technique that could be done thousands of years ago is still in use today
guess you'll be sucking dick lmao

>>51366390
google "bullion exchange near me" you neanderthal. I just found one offering $4 under spot for generic bars and spot + a few dollars for various government minted coins.

>>51366579
0 results

>>51366595
www.bristolgold.com
how retarded are you anon, does it physically hurt?

>>51366620
and now we look at the prices...:

hmm. seems to be a rather large difference in the buy and the sell price

>>51366620
$175 usd buy sell spread on 1 oz of gold.

>>51366642
Not even a "thank you" for finding you somewhere that offers you considerably more than 50% of spot? So ungrateful, anon.

>gold is a great investment bro
>but only if society collapses and we're in a mad max situation

Boomers are legitimately mentally ill

>>51366669
well considering i'll never buy gold again for the rest of my life having learned a valuable lesson i'll never need to ever go to bristol gold and sell my 1 oz of fold for £80 under the spot price (prices last updated at 5pm friday real in store prices may vary according to the goyim index)

>>51365331
That’s because grandmas 14k gold earrings have like a gram of gold in them. With jewelry you pay a HEAVY premium because you pay for the production. That’s why everyone feels like pawnshops are ripping them off, when really it’s the jeweler that’s ripping people off. Selling gold and silver bars/coins is literally in and out with cash in hand at spot price

>>51366676
in a mad max situation it would be even harder to sell it because there wouldnt be anywhere showing the "spot price" nobody would know what the price of gold is and it would be up to you to convince someone of its subjective value in tins of beans. absolutely retarded it would be easier to just fashion the gold in to a knife and stab the person and take all his beans

>>51366715
Apparently UKfags get jewed at exchanges and can't even get spot, lmao at bongniggers. I guess they need to go to the "wild west frontier" of north america for that.

>>51366715
>at spot price
there you go with this blatent lie again. you realise gold shops have rent to pay? why would they buy and sell gold at spot price

>>51366734
show me a gold dealer in north america that buys gold at spot price lol

>>51366759
See the last thread you made with the same picrel. I linked it up the thread a bit. Have a good one anon - hope you can find a better job soon

>>51366788
>deflect
>subject change
>ad hom
>"look it up yourself"

if you have nothing just say you have nothing bro

>>51362780
true, you really have to hold it for a long time to make any money back. dealers always want to pay you less than spot price lmao

>>51366732
thats exactly what im saying LMFAO

all these boomers saying its going be le standardized when society collapses

HAHHAHAHAHAHAHAHHAHAHAHAha

HOLY SHIT THE UTTER DELUSION

>>51366813
>make thread
>ask question
>get an answer
>pretend you didn't
>repeat

>>51366879
show me which bullion dealers are offering to buy gold bullion for spot price

>>51362780
>The pic that killed gold bugs
Everytime I posts it gold bugs try to ignore it at hard as possible lol delusional /pol/tard boomerfags.

>>51366905
https://bullionexchanges.com/sell-to-us
Scroll down the page for prices
Then make this thread again tomorrow

>>51366932
Check out the shib chart starting in 2020, it kills bitcoin maxis

>>51366877
societies and monetary systems collapse all the time though. Open a history book.

keeping some shiny yellow rock on the side is always a good idea. just don't over do it

>>51366958
Lol at least I am not waiting 40 years for a 5x AHAHAHAHAHHAHAHAHAHHA fucking gold bugs. Also bitcoin still has a higher mc than shiba but there is no point in talking to a low iq boomerfag from /pol/ about this, so you better stay in your containment thread.

>>51366970
so your entire line of reasoning for hoarding gold is that you think society will collapse in your lifetime, correct?

>>51366958
>dude look at my shitcoin that won't be around in a couple years while bitcoin is still number 1

>>51367006
society doesn't "collapse", not in the way your pea brain conceives of it at least, when a reserve currency dies

>>51367011
Bro I don't have a decade to wait around for bitcoin to do a x2, if you're not gambling on shitcoins you're literally retarded lmfao

>>51367016
ZZzzzzZZZzzZzZzZzZzZZ

another non answer

boomers are retarded.

>>51366743
They sell at a premium too you fucking idiot I said they BUY at spot from you

>>51367006
yes that is correct. the current monetary world order is only a 5 decades old. you think it will last another 5? i don't

>>51362780
What premium? The few bucks for delivery from futures? There are a lot of fool proof ways to check if gold is real or not. Did you not visit a highschool?
What asset do you want to hold when Brandon signs order 69 to fuck all "republican party terrorists" with CBDCs? Have fun not being allowed to buy stuff because you are not quadruple vaccinated and on hrt.

>>51367099
you sound mentally ill

>>51365366
https://physics.weber.edu/carroll/archimedes/crown.htm
Anon, don't be a scammer and a wise ass at the same time.

>>51367117
he's right though. look at what canada did to peacefully protesting truckers. cbdcs will only make it easier for the government to punish their political enemies. have some foresight anon

>>51365331
lel seethinge

>>51362780
just buy paxg senpai

>>51366642
Nigger companies have buy back guarantee contracts. And also it’s really easy to know gold is real.

>>51365981
>t. clueless niggerkike calling everybody a qoomer hoping to shut it down
The insider in question is Peter Hambro, you retarded piece of talmudic shit. One of the most influencial banker in the world.
kys
https://www.thehedgelesshorseman.com/gold/peter-hambro-bis-central-banks-are-rigging-gold-market-using-bullion-banks-paper-gold/

I'm so glad you are too dumb and zogboted to profit from the greatest opportunity of wealth transfert of all times lol. Please don't touch PMs, keep putting all your dollars in worthless shitcoins.

>>51366948
this kills the faggot shill
until he makes the same thread again tomorrow

>>51365956
>>51366037
>>51366290
>>51366335
As someone who sold their precious metals to a brick and mortar jewelers in England not that long ago I can say from experience that I sold mine for 1% below spot. This was more about me building experience to find out how things go down when selling rather than profit. Royal Mint wanted to buy my stack for 4% below spot so selling it 1% below spot wasn't bad and I didn't have to send anything through the post meaning no additional postage costs. What I did learn from the exchange is that selling precious metals is all about bartering. I said I wanted spot, the guy offered 2% below, I said that wasn't good enough, he then offered 1% below and I said deal. I could have gotten above spot price with some premium if I could cut out the middle man as I have seen some examples of this happening from some Youtube stackers. Though I would have had to work much harder than them as they are in a much better position than me to get those barter deals due to them having a visible reputation of a trusted buyer and seller.

>>51362780
You just learned what an illiquid asset is.

>>51368680
>gold bullion
>illiquid
wow it's retard hours on /biz/ today

>>51368665
>i sold at a loss for the experience

>>51362780
metals are a "tamed" investment.
They are not going to pump like crazy because they have too much paper metal fucking up their spot.
It's a cage animal at this point.

>>51365576
PMs won't really have useful ends by the time food becomes a candidate for money. They'll be just as worthless as cryptoshit. If you're foreseeing some mad max style "collapse" then you're wasting time on gold and silver.

To be fair the collapse we're on the verge of isn't apocalyptic. It'll just be the greatest economic downturn in history. Industries will remain and so will the uses for PMs, while almost every other investment (real estate, cash, tech company stocks) will go down into the gutter. That's what PMs are for.

collecting gold coins is comfy as fuck, I will never sell them anyway, it just satifies my autistic instincts

>>51370265
Thank you for your honest answer holy shit finally a honest gold bug. I have no problem with a collection hobby. But then talk about it on >>>/toy/ and not on /biz/. We want to make money and not collect some actions figures or shiny coins.
Also I love the fact that gold bugs keep ignoring my post here : >>51366932 like always
>inb4 bro just wait another 40 years for a 5x

>>51370305
bro you already got told that SHIB destroyed your shitcoin since 2020 maybe you should find a new moonshot because bitcoin is boomer rocks now

when the world collapses the thing worth a damn will be

bullets
jeans
alcohol

>>51370378
Shib is down 84.90% from the ath, even more than btc
>B-but shib did a 10000000x from $100 mc to $37b mc a-and btc only did a le 3x during the bull run t-this means it is better than btc XDDD
>No it does not count that btc did a 100000000000x in 10 years because I didn't bought back then.
This is your brain on holding shiny rocks for over 40 years without making any money. Shib will be a forgotten shitcoin in a few years and bitcoin will have a new ath. Meanwhile gold will keep crab dumping. Never said that you should not make some money in the shitcoin casio btw.

>>51364786
>>51364786
>4chan retards,
>>51364786
>weird freak
You post here too, jew boy.

>>51370536
let me cum inside you faggot

>>51370488
that's a lot of cope for the fact that bitcoin will never x100 again and most likely won't even x10

>>51370305
>he doesn't know about the appreciation of old action figures or toys in general

>>51370606
Talk to me again when your shiny rocks are at ath again.
>>51370607
Baggie cope, old action figures and game cards are most of the time illiquid shitcoins.

>>51370655
>s-so what if boomercoin will get BTFO'd by alts for the rest of its pathetic life, w-what about shiny rocks?!? they're even worse!!!
dumb nigger

>>51362780
the spread on gold coins is like 2%
how retarded are you

>>51365336
Not every greedy bastard is a rabbi. Every single average jew is a hand wringing, smirking, money grubbing pos.

>>51370668
The thread is about shiny rocks you faggot. And your little shiny alts will never see another ath again if king shitcoin decides to stop pumping forever. Also show me the post where I wrote that you can make bigger returns with btc than with alts in 2022.

>>51370941
>The thread is about shiny rocks you faggot. And your little shiny alts will never see another ath again if king shitcoin decides to stop pumping forever. Also show me the post where I wrote that you can make bigger returns with btc than with alts in 2022.

>>51370955
Nice selfie man.

yes goy

finite tangible scarce material precious metals are indeed worthless.

>>51362780
>meticulously save each precious piece of metal
>occasionally score gold, mostly silver
>die and pass it onto children
>they sell it to some kike dealer for pennies on the dollar cuz they know shit about boomer rocks
>but but it was 50k lump sum

Lmao

>>51372222
define worth you nigger

if society collapses, which as you retards have stated is the only time youll actually make any good value out of '''precious''' metals, who is going to standardize and make a price for your shiny rocks?


you dumb fucking niggers.

I don't like gold and silver stackers, they always bully me for buying platinum

>>51366204
That other guys right. Make sure to goldpill your kids and grandkids so they don't sell your coins off. I plan to do the same to my future kids if I am able to have any.
(if not then I'll just bury my gold for someone to find in 300 years)
Too many people just get their dead relatives shit and immediately sell it off for some retarded low price. Estate sells and the like are literally the antichrist.
>>51370265
For me it's both a hobby and a way to store money. I only have a few coins that I'd never ever sell but I still love all of them.
>>51372444
Nice trips. I'll never doubt platnuim again.

>>51365446
this. its just for the hyperinflation case to not start at 0

>>51362780
There were quite a few countries paying for food in gold foil when their fiat collapsed.

Western lards are pretty fucking stupid and riding their privileges, but if that comes to a halt, premiums will be so high from our overlords that bartering for your neighbors less verifiable gold might be their only option. Let's hope that never happens and enjoy your shiny 5 bars.

>>51365336
No such thing as silver premiums. Silver is severely undervalued. Spot is manipulated. What people are willing to pay is what it's worth. If silver is $19 on the charts, but people are paying $27, well, bud, it's $27.

>>51364786
he thinks steel has the same density

>>51365516
he doesnt know about self sustaining communities, or just communities in general

>>51372302
>you need counselling you absolute moron. not even USD is "standardized" according to your retarded definition lmao. did somebody shake hands and agree that 10usd = 1 sack of rice? Price is a function of the market. "Standard" simply means broadly accepted as a unit of account.

>>51372670
holy shit I hate everyone when they start talking about PMs. the shills, the fudders, you're all retarded.
he's talking about the spread. silver has an absurd spread. you buy from a dealer, immediately sell it back to them, you lose 25-30%. Do the same thing with gold and it's only about 10% or even less.

>>51365576
>durability, portability, fungibility, divisibility, uniformity, scarcity, acceptability and intrinsic value.
>Only precious metals carry all those.
Except everyone uses paper money. Seems no one really cares about those values of money. Its not that important. Money is just the unit of measurement for labor and debt. Doesnt matter what you use. Also there will be no collapse anyway.

>>51374777

https://www.youtube.com/watch?v=kf0Ht4ai1Xs
for the morons thinking precious metals are an investment to make money

>>51362780
try paying with it bro
just scrub 2gram off of your bar bro

>>51366318
You mean they will be taking it from you after a collapse, with the help of the government

I heard something like that happened before. Kek

>>51364786
I only buy from private sellers out of principle
I can also tell real from fake and have a sigma metals verifier (never need it because I can tell) but good for if other people want verification

The premium buy and sell is a big turn off for me tho. Can I bypass it by buying a gold pegged crypto like PAXGold or it has a tax too?

>>51376847
If it's not physical metal, then it's fake paper gold, no different from fiat currency. And I suppose that's what most people will buy, because of your reasons (not wanting to bother with the small gold premium) or the fact that their money is locked in their 401k and they don't want to deal with massive IRS tax penalties for early withdrawal. In effect, the majority of the population has their wealth (if you want to call it that, but it's just numbers in an account really) locked away so they can't be a threat to the banks. If a significant portion of the population said the hell with it and just put all their savings, or even a fraction of it like 25%, into silver and gold, then the banks would be in big trouble. For starters, there isn't even enough silver and gold to begin with, and a bunch of people would find themselves holding a worthless bag of fiat.

>>51373965
I didn't check your numbers, but yeah that sounds basically right. Especially when you add the fact that euros pay VAT on silver, and I think the brits especially get fucked hard.
BTW www.thesilvermountain.nl has an interactive chart where you can compare the buy/sell and spread on various common gold and silver coins and bars.

>>51375694
Didn't happen in 1933, they simply took what was in people's bank safe deposit boxes. And they also got what the most naive part of the population willingly exchanged for paper, but that was only a small fraction of the gold.
Also people kept BUYING gold even when that was made illegal. Americans would buy eurogold like 100 coronas, and south african krugerrands.

>>51369962
There's nothing that's stopping you from stacking PMs, food, fuel, firewood, and other stuff. I was stocking up on canned food a couple years ago, when the lockdowns started. I didn't start buying silver until a few months ago, and by then I already had like a year's worth of food.

>>51366318

>>51374787
The original question was posited as "in a collapse", retard

>>51369103

>>51372302
currencies collapse all the time. gold and silver always retain their value.

you watch too many movies thinking currency collapse looks like mad max but it never plays out like that.

>>51366318
>Banks will force the government to force you to give up your gold or face prison/death

ftfy

>>51372302
>if society collapses, which as you retards have stated is the only time youll actually make any good value out of '''precious''' metals
it's always retard fudders like you who are claiming muh apocalypse, never us stacking Chads.
Kys pulpiling jew

>>51365006
>silver premiums are rape though, you pay several dollars over spot
It wasn't that bad not to long ago, though this year has been absolute anal devastation when it comes to silver premiums.

>>51377415
As opposed to the "money" in your bank account, they'll just let you keep it right lol.
Trying using your big head and thonk about this a bit

>>51364977
I've got a place that is taking $5 over spot on american eagles RN

>>51373913
He obviously meant tungsten.

The only metals you should be stacking

>>51366318
>Collapse happens
>Normies sell their shitty jewelry to afford food so pawnshops offer 50%
>Banks declare insolvency and their CEOs golden parachute away leaving a scapegoat to suffer for them
>Crypto dies because 90% of the trading is speculation
The only people who will benefit are scalpers and the Charmin company

>>51362780
>Buy gold at a premium
>Pay the jew & the government
>Go to sell to a gold buyer
>Pay the jew & the government

Enjoy your 1% increase in value every 10 years, meanwhile the jews are taking your money and buying property maooooooooooooooooooooooooooo

>>51370305
Post the USD/BTC chart now. By your logic the USD is worthless.
Post literally any stock, commodity, or currency vs the price of bitcoin. They will all look like that. Is everything except btc worthless?

>>51365593
Check out what people in Venezuela use to make their everyday purchases recently. Their currency already hyperinflates.

>>51378458
>a box of .22s
>boxofammo.jpeg
You obviously dont own guns.

>>51365499
the only standardized medium of exchange in societal collapse is a bullet

>>51362780
Thread got a lot of replies, must be a lot of metal bagholders on biz

>>51367036
You exaggerate. I just bought a gold coin for the first time. If someone puts so much effort into something then it's for a reason.

>>51372222
Checked these beautiful quads

>>51379800
look up any country with hyper inflation like venezuela argentina turkey. they're using US dollars not bullets. where does this mad max fantasy come from?

>>51364786
You don't remember 2008 and the years following??

Where are you guys getting shafted selling PMs? Go to a metals exchange wtf. Pawnshops are notorious scammers

All the irrational hate at PMs just makes me want to buy more. I don’t care about your feelings or name calling. The facts are the PM market is heavily manipulated. Just Google JP Morgan and gold manipulation. The facts are the spot and premiums are going to keep going opposite directions. The facts are the comex is being rapidly drained and the M2 money supply is insane. Go ahead and call me a boomer investing in rocks. I could not care less. I am going to keep stacking silver.

>>51362780
yeah gold is retarded now

>>51362780
Why are central banks holding gold still, despite the fact that there is a lot of interest in an universal CBDC?
Dare I also ask, why does the IMF, which is not really ruled by any country, has more than a thousand tons of gold which, while headquartered in the U.S., their gold is still NOT U.S. property?
I am extremely certain that, after the collapse of many third world governments which will kill all but 500 million of the world population, we will return to the gold standard and keep it that way as a means to not fuck shit up again by making the world overpopulated and dysgenic, like we live today.

I myself wouldn't call gold's millenia career over until central banks, out of sudden, dump their gold into the ocean. If that happens, then I guess I can say "shikata ga nai."

>>51362780
> Hoard Gold?

OP must be a clown, he thinks we are in the 1970s

>>51379818
No better bottom signal in my opinion!

>>51384188
The logic of hoarding gold siunds just like somene opting to stick to sending birds to deliver messages in 2022

>>51382190
The idea of CBDC is still new and most importantly there needs to be a certain level of regulation before central banks can jump on the train confidently.

>>51362780
How much of a premium do goldcucks lay anyways?

>>51380360
A number of them are even relying on DeFi the likes of Argentina, Venezuela, Turkey etc I wonder why are not making use of gold kek!

>>51384378
It's becoming more evident that for DeFi to receive widespread adoption regulation has a major role to play.

>>51384503
How does regulation sound appealing to you retards? This was everything we fought against by choosing DeFi over TradFi

>>51385155
a couple of reasons come to mind but a major one is how this would helps hasten the adopyion of DeFi, baffles my mind you lads are not welcoming regulations on board.

>>51385255
>Adoption
So are agreeing to give the government access to our data all in the name of adoption?

>>51385499
This is why you have to enlighten yourself on developments in the DeFi space, the problem of your data being compromised is being solved by the TIDV product from Alliance Block.

>falling for le gold longcon
LMAOOOOOOOOO

>>51377161
Yeah. I just wanted to point out that there are way better arguments for PM other than "this is going to be the currency of the collapse".

>>51362780
Hoard $hrd
Thank me in 3 years

>>51365576
Peak midwit. People will be killing each other over canned food in an actual collapse, nobody will give a fuck about gold because it's an inconvenience to carry and you can't eat it.

buying metals is how you stay poor forever.

I'd only buy silver because I think it's neat that it's a better conductor than copper. Gold is pretty good too, but not quite as much as silver.

>>51365479
>gold can buy lots of food
>explain how

>>51389014
Of course you can't eat it (ditto with fuel, ammo, medicine, and other stuff people stack). But actually, gold is very easy to carry. A lot of people even wear it as jewelry. But the premium on those is much higher than coins. Of course there's nothing stopping you from buying some gold bars and making your own chain from it, or ring, or whatever. Otherwise you can carry coins pretty easily in tubes of 10, 20, or 25. Two tubes of 25 gold coins like these is worth about $90K and weighs just a little over 1.5 kg. You wouldn't be able to carry $90K of silver very far though, as that would weight about 140 kg.

>>51365816
I for one can't wait for the prophecy to be fullfilled.

>>51362780
Now you get it, plus it can be confiscated or stolen.

>>51390945
>Now you get it, plus it can be confiscated or stolen.
There are ways to test for precious metal content. When the time comes more and more people will buy the equipment to do this.

I bought 1oz of gold a few months ago to see what's it about. It's impossible to sell.

I would gladly trade gold for dogecoin at this moment in time.

Gold is a boomer scam.

>>51362780
I'm planning to buy gold ornaments with Crypto. A merchant called Kuld24.ee accepts crypto as a payment which is dope. Saving up on USDT.

>>51396192
Sounds like plan anon. But watch out don't get rekt.

>>51393693
>impossible to sell
Lmao wtf gold is the most liquid physical asset there is aside from paper cash. Stick to the "jews will never let PMs moon" fud, these outright lies about how "it's ACTUALLY impossible to sell bullion and you only get 50% of spot!!!!" are pathetically bad shilling, you're actually making me consider buying more for the first time in months with how desperate you niggers are getting. I guess that really was the bottom for gold and silver.

>>51385155
Defi is definitely the future and would win over CEXs. I also found innovation in Sylo which ensures decentralized communication for users.

>>51396480
Yes it a sweet deal. I'm even planning to buy a house with crypto in Spain to settle down with my family throughUtrustas they have merchants in there. I have enough savings and the profits from the next bull run will make things easier for me anon.

>>51364786

>selling gold

Why would you do that? Maybe if society collapses..

>>51396963
Agreed defi with web3 combining together will be huge. Now web3 crypto payment gateways are taking a huge step forward and I see adoption soon.

>>51397254
Based. Web3 is steadily gaining more adoption but I've not seen any reliable payment gateway so far.

>>51397349
Anon I recently used Utrust which is a web3 crypto payment solution to buy myself a gaming phone called redmagic. The transaction was fact and the transaction fee was just fixed 1% loved it.
Hope my plans go accordingly

>>51397441
Didn't know you could get phones with crypto. The transaction fee is cheap too, might be a good place to spend my BTC.

>>51365257
https://www.youtube.com/watch?v=Vdw5Dvb-XBk
>buys low
>sells high
WHO WOULD BELIEVE THESE WILD FICTIONS AND RUMORS?

>>51397954
Anon i would suggest you to use stables. The payments are borderless with any wallets we can do the transactions at ease. And they have more than 10k merchants so this is tye comfort I love.

>>51362780
Can I buy some gold with crypto? I wish there are gold sellers that integrate with Utrust payment gateway for me to buy gold with crypto. Oh well, I guess I have to stick with buying real estate with crypto.

>>51364786
Anyone who cannot tell the difference between gold and iron or steel should be culled from the gene pool. Seriously. That is moron-level.