/biz/ - Business & Finance

>>51485958
yeah only USD mumus have done well this year. just be happy you didn't buy crypto or stocks.

>>51485993
Is it worth buying stocks now? It seems like it would be a good buying opportunity since everything is so cheap.

>he bought britannias
>he had the option to buy literally anything without liz on it
>could have bought pre 33 (always stays high even when gold goes down)
>could have bought old Sovereigns (gold, still british, and free of queen liz)
>could have got superior North American gold
>bought the 2nd worse gold coin out there instead
You deserve to have lost all your money in this. Britannias are automatically worth less than normal gold. I'd say they're worth $1200 max at any given time. The Austrian Philharmonic "gold" piece is the only gold coin worth even less. Sorry britchud, maybe you'll buy some real gold in the next life.

>>51486108
retard, she just died. bullish for anything with her face on it.

>>51486131
Cretin. She's been on more coins than anyone else in history. The only people making money from this will be retarded boomers selling silver britannias at the flea market for $45 to other retarded boomers. And yes, they will have milkspots. Also expect to see crackheads finding Canadian pennies in their spare change and trying to sell them to pawn shops because they have muh queen on them. Sad.

thx just bought more gold

>>51486278
Ok retard. I'll buy all your britannias for $1200

fake gold

>>51485958
I'll buy them from you at $100 under spot up to a maximum of 12k, you better sell quick before it drops more

>>51486108
Its hilarious watching gold retards cope
"HUH ACTUALLY YOU HAVE TO BUY EXTREMELY SPECIFIC BRAND OF SHINY ROCK SO IT'S SLIGHTLY LESS WORTHLESS"

>>51486530
>"HUH ACTUALLY YOU HAVE TO BUY EXTREMELY SPECIFIC BRAND OF SHINY ROCK SO IT'S SLIGHTLY LESS WORTHLESS"

i know, what a bunch of mongs.

why would you think a shiny rock that does nothing useful would automatically go up in value.

Don't care still want gold

>>51485958
Nice plated brass faggot

>>51486897
>>51486336
>>51486287
>>51486108
>>51485958
Goldniggers are the worst
>inb4 niggas buying rocks

>noooo my piece of metal is worth less because the government said no
>it's still the same piece of metal, it still has the same utility, it's still a limited resource, that is needed everywhere, but the heckin governmenterino said it's not worth as much pieces of paper as it used to be

>>51485958
I sold my stack at 1900 and 28. Might buy it back again at 1100 and 15...

>>51485958
>>51486530
>>51486652
gold IS the money retards. it was money most of human history until one generation ago when your grandparents got scammed into believing the paper receipts for gold are the real money.

Seriously, don't buy gold. So long as Powell raises interest rates, gold will go down. Also, gold is manipulated not by mere shills and hedge funds but by fricken governments all around the world.

>>51485958
>still goes down
Time to buy more

>>51486278
Except canada phased out pennies a few years ago. Crackheads have already sold all theirs for Crack obviously.

>>51487011
scammed into the petro dollar

>>51487027
Canadian crackheads have but I still find Canadian pennies here in the states all the time and I know damn well that uninformed crackheads think they're worth more than 1 cent.
>>51486298
What britannias? Why would I buy any in the first place?

>>51486131

>>51485958
No one has ever been "financially ruined" by buying gold. As of right now, it has only "kept dropping" about 15% off of its all time high just a couple years ago. Expecting to flip gold for a fiat profit in just a couple years by buying it at an all time high is just retarded. At least gold saved you from letting your retardation cost you even more dollars. If you had bought almost anything else, you would have lost even more fiat deniminated value.

R.h.e.n.i.u.m.

In schizophrenia we trust.

>>51485958
Nice chocolate faggot

>>51487011
New paradigm. Gold has been demonetized

Look at this autistic retard thread

>>51487011
this
>>51487257
yeah this is an awesome paradigm.
Basically aristocracy 2.0 but with less meritocracy.
Really based system, i'm sure it will be fine as we begin to monetize the debt even more lol

human resource IS the money, not a fucking stupid shiny metal
and human resource in this planet is denominated in USD
the futures of human resources is called debt or treasury bonds, the value of US treasury bonds is the GDP the citizens generate, GDP being USD value of human works generated in a year
even turbo boomer warren buffet who's too traditional for tech still avoid gold, gold is like the investment of 500 years ago when people lived like rats, gold investors are rat minded people

i seriously hope for the economy to collapse along with the dollar to see how you anti-gold fags fare. unless you are self-sustaining on a homestead you guys would be fucked

>>51487394
>the futures of human resources is called debt or treasury bonds, the value of US treasury bonds is the GDP the citizens generate, GDP being USD value of human works generated in a year
to be more precise, GDP growth is a collateral to issue treasury bonds
anyway, the evolution is from liquid money to gas money, which is crypto, there will be one world cryptocurrency within this decade
we're not gonna go back to the slow solid money because thankfully not all humanity are retarded like PM investors
>hurr durr just rewind civilisation 500 years back

google GDP of any random country
picrel i deliberately pick obscure country that you probably never heard of, and it's still denominated in USD
every single country in the world is denominated in USD
the world is run in USD

>>51487394
I don't agree. The dollar is a world currency, its value doesn't really have anything to do with the US economy. Owning a Treasury bond does not give you any claim over American's future labor. Bonds and dollars mostly still have value because the US will go to war with anybody that tries to use anything else. They manufacture demand with plausible threats of real violence.

>>51487394
BALDING!
Bald.
No hair, no pussy.
Im sorry the requirement for ass is hair.
Please leave the park immediately.

>>51487500
treasury bonds are paid by tax money, US citizens work and pay taxes to government so US govt can service the payment on the treasury bonds they've issued
to hold treasury bonds is to hold US citizens work force
bond interest is generated by US work force
now you mention military but that's NPC statement, i know it's mentioned alot but the US never exercised their military to bail on their bond payments
now, the reason back in WW2 that USD was chosen as global reserve currency was indeed because US won the WW2

>>51487455
>Rewind 500 years back.
Its been 51 years. 51. A blink of an eye on the scale of history. A reversion to the mean is much more likely than the long-term exstablishment of a new global paradigm.

>>51487568
Bald.

>>51487600
nope, humanity move forward
as i said money is human work, if the amount of gold stays roughly the same but the population exploded then the value of gold will be hyper deflated
a much higher number of population working for the same amount of gold, this means gold hoarder will become filthy rich just by holding and doing nothing, you get me? this is obviously not allowed since it's even more jewish than the current jewish regime

>>51487568
>Treasury bonds are paid with tax money.
No treasury bonds are mostly paid by issuing new treasury bonds. Tax revenues pay less than half the Federal budget now.
They don't use the military to "bail out" their bonds, per say. They use the military to force people to buy dollars and buy bonds, specifically for petroleum. Saddam Hussien wanted to sell oil for Euros. Miramar Gaddaffi wanted establish in independent bank in Lybia and sell oil for currencies other than dollars. Putin has been talking about and making small movements away from selling fossil fuels only for dollars for years.

>>51487491
Troll or idiot?

>>51487401
They don't understand anything, they won't fare well at all, even if they did have stuff to sell.

>>51487645
So you think"this time is different"and we're in the very begining of an entirely new paradigm. Yeah, thats a common delusion for people to have: thinking that this tiny slice of history just happens to be totally different than all the others, just because you happen to be living in this one. Sorry, but you're not that special.

>>51487700
i'm talking about the USD role as the global reserve currency, why do you talk about petrodollar?
>No treasury bonds are mostly paid by issuing new treasury bonds.
do you understand my point or you just autistically stating random statements?
my point was USD was used to denominate human labour, as population grows money supply must grow, shiny metal can't grow following population number

>>51487738
you see this picrel? it's worth more than your entire net worth

>>51487785
then it's your word against mine
word of poor person vs word of wealthy person

>>51487738
>Troll or idiot?
I have no idea, but you're right, it has to be one or the other.

you all just gonna ignore picture of my accessory i dangle on my wrist but worth more than your entire net worth? your entire life and existence?
and you just gonna talk to me as if we're equal? jeez the nerve on poor people these days

>>51487049
I thought this was a butt at first

i'm gonna continue to post, PM retards no need to argue and to quote me, in the end we'll never agree but i'm rich and you're not and that's that

so dollar is getting stronger against everything including stock market, real estate, btc and even to every other currencies on the planet
but PM retards keep saying that inflation is 9%, how do we resolve this paradox?
the 9% inflation is called consumer inflation that track consumer prices only, it doesn't include asset prices, so while asset prices are crashing against the dollar the consumer price stays high
now if i hypothetically have 1 million dollar (just for simplicity, i actually have more) and the dollar is getting stronger, my 1 million dollar is deflating and getting stronger and i can buy more assets with the same 1 million dollar, what's getting weaker is my $100 weekly food budget, with 9% inflation now it's $109, but it doesn't affect me since i have one fucking million dollar
now, why is every PM retards insist that dollar value is diminishing through inflation?
it's because they're so poor their money is 100% allocated for consumer products such as food and gas
that's it, that's the paradox, they're fucking poor kek

>>51487846
Go back to plebbit with this watch shit. Head janny of r/everydaycarry lookin ass bald ass bitch.

>>51485958
Yea not biting this one

>>51486022
You would have to be the biggest idiot to buy stocks when we are just starting to nosedive and all the whales got out a year ago. Even Musk got out after saying he would NEVER EVER SUPER SERIOUSLNNEVER SELL HIS SUPER TESLA STOCKS. Kek he sold nearly all except 10%

>>51488195
you understand the concept of having credentials?
people with money talk about money
people with no money talking about money is like trannies lecturing about vagina

>>51488264
based rich anon. any discord channel you hang out?

You buyer a shiny rock dude
Then they found 8 trillion tons in Uganda
Its over

>>51488264
You may be well off but wealth you have not. You have a lot of insecurities and it's obvious you have low self esteem. Imagine posting generational wealth in the form of watches instead of just humbling yourself to get your point across the layman.

The money follows human resource but when labor cannot be had your debt currency narrative (which has been parroted for years) simply fails. The only thing that passes as truth is the deflation of the USD. It will in turn do more than what you said but I'm sure you're aware of that. Every single person including you or myself will lose denominational wealth as it is basically deisgned to do regardless of human capital.

The occupational abandonment alone is a travesty for the working class's kids. We are looking at a loss of time which is a loss of capital. The next two generations will feel this just as generation x is still feeling the low yields of the early and mid 2000's.

The US will rebound, but it won't be the same. The capital gains can be easily traced to where money flows. There is no coincidence as to why precious metals are a stay in wealth for people with cumbersome pockets. Will it matter for as much for poorer folks? Perhaps not, however it does in regards to people who had already the ability to recreate their successes.

>>51488264
Cuck.

>>51488183
so think about this
PM retards invested in PM because they want to protect themselves from dollar inflation
but dollar not inflating, dollar is deflating, a fact that they will realise if they're not so poor their whole net worth of a couple hundreds to thousands dollars are eaten away by consumer inflation

>>51486131
Bro. High mintage coins with the queen on them will not be worth more. It’s ridiculous to think they will.

>>51488218
Thanks for the tip bro. I won't but any stocks. Thanks for the example with Musk as well.

Since both crypto and stocks are falling what is the best way to use my cash? Should I just hold cash or maybe buy gold or silver?

>>51485958
>buys coins with the queen on it
>queen dies

welp. sucks to suck.

they are selling gold IN ORDER to pump the dollar. gold is the ultimate safe asset. it is the capital stock of last resort. last thing they want is some idiots buying up the capital stock and making it less scarce. that's why they fud so hard even in a thread like this. gold is a buy because the dollar is already gigapumped. they might pump it more but gold is a good investment at these prices and it will definitely make them mad if you buy it because it makes their next mischief event that much harder because you hoarded their ammo. i honestly don't think they even have enough as is, they might need to pump gold again and reload their bazookas to get what they really want.

>>51489012
Diversify, hold cash, precious metals (don't neglect platinum which is also highly undervalued and copper which we are running out of places to extract). Other than that commodities, things you can hold in person. We know this downturn will be seriously bad and even the most well prepared people will fail still. I suggest food, water and a way to get water like straws and filters and tradeable goods like cigars/cigarettes and alcohol. This story pertaining to Bosnia explains it very well what to expect better than I can.

https://m.youtube.com/watch?v=4kmDB27eEqg

>>51489144
>they are selling gold IN ORDER to pump the dollar
>it will definitely make them mad if you buy it
https://www.youtube.com/watch?v=alxXqErsEWs&ab_channel=TiagoVasconcelos

>>51485958
Gold is down 7.5%
BTC down 58%
SP is down 19%

Gold did it's job at protecting wealth compared to its alternatives. Just because fiat is outperforming in the short term isn't a reason to decry that Gold is a shit store of value, because all similar asset classes are down more.

>>51485958

kek, OP pic is mine; I have 12kg in total and it makes up just a few % of my net worth. You're meant to buy gold once you're already rich, and even then only a little bit.

>>51486108
For some strange reason, the gold wiener is more expensive than the other 3 in europe. It's even more than a krugerrand.

>>51486652
It's more like other stuff that goes down in value.

I've never liked pained coins, shame about her face, otherwise this would be the first I'd be willing to buy

>>51486652
So far the entire market is tanking, including my ebay business, while food and electricity is inflating, but my silver has remained in the same ballpark as when I bought it.

>>51489959
the wiener is larger, of course it's more expensive

>>51485958
Gold still performs better than EUR, JPY, GBP, CNY, KRW, etc.

>>51485958
That's 160,000 dollars in gold. what a meme. in fact, i am pretty sure i have seen this retarded fud thread before. if you have three time that gold that's retirement money

>>51485958
why did you think that a shiny rock will be useful in an economic collapse?

>>51487394
You wouldn't happen to be the watch guy from hongkong/canada who used to post on a forum whose name I can't recall.

>>51485958
>Purchases a demonetized asset
>Complains that it's worth less as industrial demand falls due to global slowdown.

What the fuck did you expect? There is a reason PMs cultists are only allowed their single containment thread. It's not a real investment in 2022. The current boomer generation will never re-monetize it because they benefit too much off the fiat ponzi. In countries like Russia, China and India where there is a chance of them moving back to hard money, they see some of the highest crypto usage anywhere in the world. There is a higher chance of a Bitcoin standard than a gold standard in these places as they will never use an asset completely controlled by American banks aka the evil they are trying to move away from. Gold is just another commodity where you're betting on there being an uptick in industrial use-cases which increases demand over the current rate of inflation.

>>51485958
no you are not, the us dollar, euro, ruble, peso, you name it, all devaluated to some degree and I'm sure what ever currency you used to buy it devaluated more than gold but in case you live on a lucky place that did not experience inflation during this pandemic and you really lost a bit of your capital then worry not because unlike money, gold price will eventually be higher again, the price goes up and down continually but on the long run it always goes up

>>51492943
1700 dollars worth of gold is worth 1700 dollars now, despite the dollar losing value
this means that gold lost value

>>51487846
lol your watch sells for less than $8k beanie nigger.

>>51492943
>>51492975
Very good investment. Pic rel.

>>51492997
This chart is complete garbage, it claims that Gold had a zero inflation-adjusted return since 2000 when it kept pace with the stock market over the same period.

https://www.longtermtrends.net/stocks-vs-gold-comparison

>>51485958
If you took ALL the gold in the world, you'd have a cube about 67 feet across. You could buy a ladder to climb to the top and sit up there. You could fondle it occasionally or do whatever you want with it.
For that same price you could buy all the farmland in the US, ExxonMobil 7x over, and STILL have about $1T left over in spending cash. Call me crazy but I wouldn't be taking the gold in that scenario.

>>51488264
Based ESL retard

>>51487014
buy silver instead

>>51488264
>Wealthy watch guy
Can you get AI art to blend watch,tranny gash, and pepe?

>>51487803
What's the name of the drink?

Where do you guys sell and buy these things? I'm in Greece and I doubt we have anything legit and trustworthy. Some run of the mill gold sellers/buyer chains on the street that don't seem they can be trusted and I doubt banks do it.

>>51485958
Acthually it's a mineral.

>>51485958
I'm making a lot of money with my Gold, but I count my wealth in XAG (Silver toz) not USD.

>>51487401
>i seriously hope for the economy to collapse along with the dollar to see how you anti-gold fags fare.

guess what will happen to you when you go out tryung to buy food with your gold post-collapse

>>51494866
>Where do you guys sell and buy these things?

you can buy it from the government (Royal Mint) here in the UK i believe

>>51494866
https://www.royalmint.com/invest/

>>51488264
you shouldn't brag about your watches because you don't a single unique piece

you have what money can buy (but not taste)
you follow the trends and saw the gmt, the santos, the two-tone dj (lol, asian confirmed)

this defy is kind of interesting for a plebe like you, but its irrelevant since you bought all of these retail (except the rollie, you probably paid some flipper 3x for that one lmao)

you make some good points, but as another anon said, you're probably an insecure richfag from birth, being coddled all your life or worse, some financefag in L O N D O N

you are not into horology, you are into instagram and leddit bragging

>>51494904

its one of brass fags stolen pictures in the OP; how bout that

>>51487394
>human resource is the money
>USD is printed and not tied to human labor
>claims USD is human labor

fucking retard

>>51487803
>>51487645
is that Bogotá?


;)

>>51487738
pretty sure troll at this point, using stolen images no less

>>51491836
The physical dimensions don't matter. It has the same gold content as the other coins (1 ozt, 31.1 grams).

like i said i'm not really interested on one on one discussion because there's only 1 of me the wealthy genius while there's plenty of you noisy poor retards

let me reiterate the first point, gold failed at the first step already to support growing number of population, they don't solve the liquidity problems, because they're solid, slow to move and the supply can't be expanded fast enough
next there's boom n bust cycle in the fiat cycle since fiat is more liquid, it moves faster, you need more so you open the hose creating a bubble then when it's too much the bubble pops and liquidity is sucked back into the reservoir (federal reserve), this is the function of the interest rate
fiat creates more dynamic system where it expands and contracts in every cycle, in every cycle there's retards left holding the bag and there's winners that take all the money, to the losers this seem unfair, to the winners it provides opportunity to apply the galaxy brain they have
i'm the winner and in every cycle i get more and more
fiat money is required to show the colossal differences in intelligence between the winners and the losers
it's a way to filter the retards from the geniuses, the wheat from the chaff
i'm the wheat, you're the chaff
the purpose of the world is to facilitate the development of mind, body and spirit, it's not support the wasteful retards infinitely
back then they wiped out the undesirables through flood, nowadays they get wiped out through fiat liquid

>>51492822
>That's 160,000 dollars in gold. what a meme. in fact, i am pretty sure i have seen this retarded fud thread before. if you have three time that gold that's retirement money

Here's my full stack - I had largely forgotten I even owned it desu. Nice little backup but by itself PM is absolute pure cope.

Like I said - not worth buying until you're at 8 figs, and then only if you want to be super cautious and have a few % as a backup.

>>51495785
Those aren't even his >>51488264 those watches have been posted here for like six months
It's some Singaporean junior econ student type fuck

>>51496529
Parce, sos de Colombia?

>>51485958
I think gold will be the first mover when it becomes abundantly clear that the dollar is absolutely fucked long term. Wait till Europeans freeze and Putler inflicts more pain. Gold will pump

>>51489257
this bosnian war story is fake if i remember well

>>51496878
Yep, I done stocked up on beens & deenz, then started stacking silver (up 2500 since I started buying in May), and now I just started with gold when it hit 1666 spot. Threads like this just make me want to buy more, which I will when it dips again. Still 43+ oz left to buy.

>>51489257
>>51496980
this story is just some prepper-porn for survivalists to jerk off and buy his merch, totally made-up. retards keep posting it because it fits their fantasy of what a shtf scenario would look like

kek boomer rocks are a brilliant scam, rape them on premiums when they buy and then rape em again if they ever want to sell

>>51487803
>you see this picrel? it's worth more than your entire net worth

That Cartier watch is worth about $5000, not bad and probably worth more than your average poorfag Colombian but you'll need to try harder to mog anons on /biz/.