/biz/ - Business & Finance

yes

unironically buy more. the gold bull market will last a few years

>>53473515
buy more
it's over

>>53473515

If he's fine making +5% per decade, than he should hodl. If not he should stop being a lazy boomer piece of shit.

>>53473515
>boomers
>pet rocks

you can't really use gold in any way to make more money while it's sitting there. Also they're always digging up more and more of it from the ground

>>53473527
>>53473529
So i sent him this chart trying to explain to him that he should sell cus it loons like a tripple top but if it violently breaks the 2k barrier and goes to 4k and he ends up selling before that I won’t even get the scraps he promised me

>>53473515
Gold is one of the worst 'investments' you could make. Not only does it not generate any wealth like stocks or bonds but it's usually sold at a premium, which means that the price of Gold is maintained by gullible retards who buy it and then baghold it until they can sell their premium inflated Gold at a profit. It's not liquid, it doesn't conserve wealth, it's not an edge against inflation.
It's a glorified IQ test that many fail and absolutely no Gold nigger can make a factual argument as to why you should incur the opportunity cost of buying Gold over Stocks, Bonds or even Shitcoins or FOREX. The entire gold industry is supported on the weight of financially illiterate boomers, /pol/tards and prepers.
The only acceptable investment in Gold is as a diversification strategy in a well made and structured investment portfolio, not your meme buy X stock and Y stock and Z gold; an ACTUAL investment portfolio that's trying to eliminate market risk.

>>53473515
>>53473524
>>53473527
>>53473529
>>53473530
>>53473535
>>53473539
>>53473576
kek you couldn't buy any because no one is selling anymore
chinks sell tungsten nowadays
it's over for no-golders

>>53473515

Go ask in /pmg/. All you’ll find here are mouth breathing crypto tards.

No he should not sell his gold. He should hang onto it until it’s needed for a critical purchase. Either Land or an emergency.

Failing that it should be kept as a family treasury to pass down to future generations (ie. you.)

>>53473614
why would I want to buy any? I have no use for gold, I can't do anything with it

>>53473622
i dont care
seethe more nocoiner

>>53473515
imagine her shoving a gold bar in her pussy till she came all over it

(buy gold btw)

>>53473614
>>53473630
>absolutely no Gold nigger can make a factual argument as to why you should incur the opportunity cost of buying Gold over Stocks, Bonds or even Shitcoins or FOREX. The entire gold industry is supported on the weight of financially illiterate boomers, /pol/tards and prepers.

>>53473672
cope

>>53473614

Yes because pretty necklaces, getting jewed with any transaction and transferring wealth by armored transport are THE FUTURE.

>>53473677

>>53473554
>he tried to use TA to explain a 10-year chart for the one thing central banks use to settle accounts with each other that isn't the US dollar
your dad thinks you're retarded and probably just wrote you out of his will

>>53473672
>he has no response to this chart
>he likely cannot even understand it and may very well send a reply anyway, proving it
>but he's probably not even coming back to the thread

>>53473515
sell and re buy if it breaks to ATH. other wise this cycle peaked

>>53473535
kek /thread

>>53473735
That's because he is retarded

>>53473758
>S&P 500
>Adjusted for inflation, the 100-year average return (including dividends) is 7.223%.
>Adjusted for inflation, the 50-year average return (including dividends) is 6.102%.
>Adjusted for inflation, the 30-year average return (including dividends) is 7.076%.
>Adjusted for inflation, the 20-year average return (including dividends) is 6.932%.
>Adjusted for inflation, the 10-year average return (including dividends) is 9.181%.
>Adjusted for inflation, the 5-year average return (including dividends) is 6.077%.
>Gold has not fared as well. Since 1975 the annualized yearly return is 5.6%. Adjusted for inflation, that is a little over 1.6% per year. Silver is less than 5% since 1970, and has about a 1% yearly return factoring for inflation.
>Government bonds are a staple in many investment portfolios. Since 1926, these bonds have averaged returns between 5% and 6% per year. High-quality corporate bonds tend to pay 0.5% to 1% per year higher than this.
No I will not reply further because I don't like wasting my time, you've not made a conclusive argument as to why 1.6% is better that 6%.
Also here's an S&P 500 graph since you love muh % changes.

>>53473864
awesome, thank you for proving it

>>53473876
Not only have stocks outperformed gold by CAGR like your chart suggests and mine clearly demonstrates but when you take into consideration dividends being re-invested stocks blow gold out of the water. I will not deny the counter-cyclical properties of Gold (and even then there's way better investments) but you're dying on the most retarded hill imaginable.

>>53473735
His dad should give me his inheritance, I'm always buying gold and silver.

>>53473864
Add to that the fact that you are paying premiums over spot and it’s a very freak possibility that it takes you DECADES holding metals just to break even. Some of the silvertards paying up to 100% premiums will pass them on to their great grandkids who will still be way underwater when adjusted for inflation.

That’s assuming they don’t scale fusion reactors in the next hundred years and start making gold as a waste product.

>>53474272
>Add to that the fact that you are paying premiums over spot and it’s a very freak possibility that it takes you DECADES holding metals just to break even. Some of the silvertards paying up to 100% premiums will pass them on to their great grandkids who will still be way underwater when adjusted for inflation.
cope
>That’s assuming they don’t scale fusion reactors in the next hundred years and start making gold as a waste product.
MAXIMUM OVERCOPE

>>53473554
It's your dad's money, he can decide for himself whether to buy or sell, rather than looking to have you take the blame if he makes a choice he regrets.

not buying your bags boomie

>>53473554
gold never goes down nigger unless we literally start burning money and stop all printers

>>53473515
>father asking retard offspring for financial advice
Your father is NGMI

>>53473999
>Three Nines
How should i check this

>>53473515
sell when you start seeing gold advertisements on the sides of busses. It's always plain as day when a large asset class is about to go tits up, like, I saw this bitcoin ad on a city bus and yup that's the sell signal for me. Sold everything that day. 90% of the time you make money by going with the crowd, but you make the big bucks by going contrarian, and right now, do you think the public is getting over the idea of gold, or just warming to it?
>I buy 10g physical Au/mo, but I'm not doing it to make money, it's baseline value capture.
>I also expect to sell my digital PM bags like 2024-2028 to pick up some land and a couple nice homes near Denver.

>>53473554
>like a tripple top
kys retard

Hold

When you say "my boomer dad is hoarding gold" what you really mean is

>My boomer dad is getting scammed by shills who shill shiny rocks by appealing to his fear and desire to feel smarter than everyone else

Watching your dad get scammed out of the money that he'd leave you as inheritance by a bunch of crooks and swindlers is a hard thing to watch. I know.

>>53473515
Why would your faggot ass know, shouldn't your dad be the wise one

>>53473515
I would not recommend buying gold near its all time high. When the economy picks back up gold will drop under $1,500/oz.

>>53473515
>>53473527
>>53473554
Gold is literally about to have one of the best decades of all time. Also it has outperformed the SP500 since 2000. You're a retard for using TA and the paper futures price to value gold.

>>53473515
Imagine this bitty sucking you off while gold bars and coins are laid out all over the fucking bed.

>>53473515
I think guns or ammo would be better investment if you think shits is gonna hit the fan and need something nonelectronic to hold yourself, but gold is pretty stable so try to think of it as lowering varience for your inheritence because I doubt a boomer will listen to his child.

>>53473554
Gold is the safest bet in this economy if he can keep people from stealing it

>>53474272

>That’s assuming they don’t scale fusion reactors in the next hundred years and start making gold as a waste product.

What the fuck? Is palladium the new gold?

>>53473576
Ignorant post. The economy is over leveraged and full of so many distortions I wouldn’t feel comfortable not having a rock solid foundation of physical assets.
We’re all waiting for a resolution of the bond market, a massive default is coming and if you are exposed to over leveraged assets you’re good as fucked. Plenty of lessons to be learned from the history books. This next crash will be different unless you think the bankers and accountants found some “infinite resources” hack.
Cash is a claim on goods. Bank deposits, stocks, bonds are a claim on cash. If the government cannot make good on the bonds then they will be undermining the value of cash. We’re already headed from that path and the slope we’re rolling down is exponential

>>53473622
It has exchange value. It’s value is outside of the purview of banker shenanigans.

>>53473515
does he already have a stash of rifles and ammo and food? if no, then get that first retard. you need at least 12 AR15s, 200k rounds of ammo, and 1 years worth of food to just survive, let alone make it.

>>53473515
serious answer from a pm stacker, IMO its not a bad time to sell. Knowing how long boomers have held for, he'll likely make a nice 2x or so on his gold purchases, if he bought most of it pre 1000$ or so then he should sell it, If he bought most above 1500$, he should hold but not buy more. The gold price hike is temporary and likely will go sideways unless a major world event happens, which is why most stackers stack anyways.

>>53473515
Paper Price is Manipulated to basically always look long term Bearish. Gold and Silver are Real money. Anon please google "m1 Money Chart" st.louis FED.org records all $Dollars in existece and it has spiked as you can see, This will lead to a Bullrun for gold none have ever seen before. It May even lead gold into major Bubble territory in the next 10-20 years. worst case scenario it holds its buying power and when the dollar is worth less the amount of $ the gold cost will go up in relation to inflation in the following years to come. either way its a hold

Selling gold and silver sounds so retarded due to the buyer premiums and seller discounts. It always seemed just like something to preserve wealth in the family and pass down to your kids without the government constantly picking your pocket.

>>53473515
I have an uncle like that.
One time he came to my house with a JanSport full of silver coins.