/biz/ - Business & Finance

>>53938718
do not buy gold
buy digital gold
(bitcoin)

buying gold is never retarded anon

>>53938754
/thread

imagine the smell

>>53938754
yes it is
you should only buy digital gold
(bitcoin)

>>53938754
technically yes, practically were at ath now. when were historically times gold dumped?

>>53938793
In USD it was like a -60% decline from the peak in 1980 until the bottom in 1999.

>>53938965
Imagine buying gold at 25 yo and waiting for 2 decades just to do a -60% holy shit that is one life wasted. Why is life such a scam

>>53938732

>>53938754
>showing off a fallen empire
*always

>>53938718
Pretty retarded, given we at ATH.
Tho never too late.

I'm hearing commercials on AM radio, conservative podcasts and fox news about how gold *could* go to $20,000 by the end of the year. Isn't this kinda what happened before 2007 where PM sellers tried to hype it up as the 50x ROI but in reality it just dipped in price?

>>53938965
>>53939398
yeah i didnt recognize that. how probable is this will happen another time in our economic conditions and what were the factors leading to that?

10% of your net worth in metals is probably not a bad investment but more than that and you need to come to terms with the fact that you're a schizo expecting the end of the world and your bags to make you rich

>>53938718
Gold goes up with inflation pretty much. It's stupid to buy now

>>53940415
It doesn't though. Inflation has been 16% for the last 2 years, gold has gone up 2% in the same time.

>>53938718
Who cares when you buy it. It’s an insurance policy, not an investment. You don’t buy physical gold only to sell it back for cash a year later. It’s one of the last possessions you ever sell.

>>53940405
i just fear the government and dont want to be cut off should they block my bank account at some point in the future

>>53940435
i agree. at the same time i dont want to feel like sucker for 10 years because i bought at ath. there should be a compromise

>>53940405
10% in gold
10% in silver
80% in crypto

i've been doing this, it just so happens that that means that usually i shuffle crypto gains into gold/silver, the last year or so it's been silver/gold into crypto. Is relatively balanced though.

>>53938718
Hard to say, but however dumb it is it's not as dumb as buying crypto.

>>53940446
You've got bigger fish to fry at that point. Be a realist when it comes to your investments

>>53938718

It's not a horrible time, but not great either.

Likely we are heading to deflation and big financial shitshow due to Fed deliberately creating it. Only winners soon are cash, index shorts and maybe short term treasuries ATM. Gold isn't going to 1300 or anything. Maybe down 10-15%, and will do well next couple years anyhow so, as always depends on ur time horizon.

>>53938732
>pump my bags goy
no.

Despite the gold bugs being cucks. It's due for a double up after this inflationary period. Also synchronicity willed it gave me a sign
It will double silver will go up unless it forces ipads to be too high maybe someone can do the math

>>53940389
interest rates roughly follow a 60-year cycle. we're on an upward trend until 2040 or so

>>53941323
gold stamped with "canada" is automatically worth 30% less

>>53938718
Not retarded at all op.

>>53938732
Retarded.

>>53940405
I would increase it to 20% because these are not normal times and world catalysts are much higher. I personally hold about 60%. And honestly if I'd have held 100% three years ago I'd be in a much better posistion than I am now. I've taken a 50% hit aka down 250k in my stock portfolio because I didn't go 100% pms like I wanted to.

>>53940433
Delayed reaction. Wait.

>>53940869
Dollar peaked at 110. There will be no deflation.

20% pms 5% cash 75% crypto
the perfect portfolio

>>53939398
you could buy $100 face value gold coins that had $100 worth of gold in them, as long as you didn't buy pure bullion it was okay

I was only 69 years old. I loved Red Rabbit so much, I downloaded all the videos and memes. I'd pray to Red Rabbit every night before I go to bed, thanking for the honor I've been given. Red Rabbit is love, I would say, Red Rabbit is life. My mom’s boyfriend hears me and calls me a neet. I knew he was just jealous for my devotion of Red Rabbit. I called him a nocarroter. He slaps me and sends me to go to sleep. I'm crying now and my face hurts. I lay in bed and it's really cold. A warmth is moving towards me. I feel something touch me. It's Red Rabbit. I'm so happy. He whispers in my ear, Think Bigger. He grabs me with his powerful dev hands, and puts me on my hands and knees. I open my metamask wallet for Red Rabbit. He inputs the RR contract and tells me to sell my Chainlink (TICKER: LINK). It hurts so much, but I do it for Red Rabbit. I can see the green line go up as my eyes start to water. I push the button and sell the rest of my link from other wallets. I want to please Red Rabbit. He roars a mighty roar, as he fills my portfolio with his love. My mom’s boyfriend walks in. Red Rabbit looks him straight in the eye, and says, Red Rabbit Keeps Pumping. Red Rabbit leaves through my window. Red Rabbit is love. Red Rabbit is life.

>>53938718
>>53938732
>>53938754
>>53938760
>>53938762
>>53938766
>>53938793
>>53938965
>>53939398
>>53939673
>>53939717
>>53940287
>>53940310
>>53940389
>>53940405
>>53940415
>>53940433
>>53940435
>>53940446
>>53940458
>>53940778
>>53940788
>>53940828
>>53940869
>>53941323
>>53941368
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>>53942471
>>53942497
>>53942507
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>>53942548
>>53942624
>>53938718
Gold is high right now look at a chart, not good to buy, the best investment is

>not a single post considering OP's net worth or general financial situation
>still giving advice as to what to buy

absolute state of this board

>>53940458
True. I’m still sitting on some silver I bought at $35 an oz years ago. I don’t care because that money could’ve been wasted on bullshit. Instead I got blocks of silver that I can sell in a real emergency. I also bought 10oz of gold for 10k years ago. If I sold when the price doubled, wtf would I have right now?

>>53940458
Look at the price of gold over the last 100 years. The last thing you’re going to do, is buy gold and it not go up from there. It’s going up as long as we have an inflationary fiat currency. Simple as.

Always good to have some. Asians still buy it.

>>53944166
yes but what if we have a period like 1980-1999. i dont want to be that guy that buys in a stagnative period which is obvious
>>53943768
completely irrlevant in my opinion. lets just
say i have enough spare money to invest for 10-30 years and forget about it if god lets me live this long. as i said previously, the biggest factor to me is hiding my wealth from the government

>>53944166
The spending power of gold remains the same so you don’t actually gain anything dumb chud

gold is a waste of money. buy income producing assets like real estate and dividend paying stocks

>>53944245
>The spending power of gold remains the same
That’s the whole point, thanks.

>>53944248
i agree partially. a strong benefit with gold is that the government cant track your krugerand you dug into a hole in your garden.

>>53944282

And then what are you going to do with gold? a dealer is going to low ball you on your trade in and you have to pay taxes on it. The catch 22 with precious metals is the only way that they'll be worth anthing to the public is if we have a societal collapse and at that point food and goods will be the next hot commodity. Sitting on gold and waiting for societal ruin is a waste of time and resources

>>53944248
>gold is a waste of money
Spending worthless currency for real money is never a waste of debt notes
>>53944341
Hold real wealth, why do you faggots always want to sell it? If you sell it you won't have any money, only debt notes

I will be a buyer when I have wealth to preserve.

Like other anons have said here, buying gold is never retarded. But there are assets with higher-upside potential in the market. When I have the liquidity, I will start delegating portfolio resources to boomer rocks.

>>53944388
Its a terrible storage of wealth, its like a medium wealth item. I'd be highly interested in honest answers from incredibly wealthy people of net worths over $100mil. Seems like the ultra rich people never mention gold but some wealthy in the tens of millions range buy "some" to stuff in their gun safe because they ran out of ideas to spend their money on.

The Smart ones buy something useful like a classic car, luxury watches, and other stuff that if they had to sell it, everyone knows its worth a lot and may even be appreciating versus gold that just sits there.

>>53944460

Agreed. To be fair, what I really mean in terms of portfolio strategy is that I will be trading my assets against gold (vs fiat currencies) when the orchestra really kicks into gear here. I'll be taking profits in gold/using it as a medium for wealth storage, like you say.

>>53940435
>Who cares when you buy it. It’s an insurance policy, not an investment.
That's why:
>In USD it was like a -60% decline from the peak in 1980 until the bottom in 1999.
>Imagine buying gold at 25 yo and waiting for 2 decades just to do a -60% holy shit that is one life wasted. Why is life such a scam
I'd rather have a normal ass insurance policy than potentially sitting on a 60% loss over two fucking decades, just because magical boomer rocks are spiritually superior to cash or speculative assets lol

If you expect america to turn into Weimar Germany, then it can't hurt to go all in on gold (and guns/honey/etc), as your stocks/dollars will be worthless

>>53940310
The silver shill boomer maffia, probably freemasons. Fear mongering faggots tricking people into buying PM when they're at ATH.

>>53944460
Nah, you can sleep tight knowing you have a few big fat bars of gold. It will always be worth a lot. It doesn't have to make up a big part of your net worth, but it nice having a part of it that is very stable and don't fluctuate like stocks or the wellbeing of a company.
Then you can add luxury items, art and antiques.

>>53938718
Don't buy american, french, canadian or brit gold, they manipulate it
If you buy from them they won't move the price up cause they use that money like the foundation for fake money

>>53940778
Based schizo 'folio.

Every person with functioning brain cells should own gold & silver

>>53940405
Yes.

>>53940405
Yes

>>53944248
>buy real estate
>March 2023
This will go down as one of the dumbest posts ever created on this website

>>53944341
>you have to pay taxes on it
lol. lmao.

>>53946221
I've had pawn shops and other places automatically refuse larger bars because they simply cannot re-sell them at any reasonable speed. Last jeweler/pawnshop I was in started off by saying they would not buy 100oz bars because they're useless as inventory.

>>53938718
Bought GDX on Thursday

>>53938766
this
imagine telling your grandchildren that you could've owned 1/21,000,000 of ledger space for a mere 22k, but you wasted it on some yellow metal

Best investment is to buy all the things you need (food, clothes, energy, fuel) for the next few years, then spend what you would have spent monthly on those goods on stocks & crypto. Then by the time you need to buy goods again your investments will hopefully have outpaced inflation and you'll be buying goods with the profit.

>>53947651
that is dumb, retarded, and stupid advice. Please tell me you're not a financial advisor or use this to invest your own money.

>>53947620
imagine your great grandfather telling you he could have put his life savings in gold in 1929 but he dumped it into speculative investments in the stock market

>>53947694
Why is it bad?

>>53947702
Imagine your grandfather not going balls deep into gold in 1970

>>53947708
Buying everything you need for the next few years is prepper levels of planning and buying it all today is always assuming the price of stuff you need will always be going up which isn't always true. Stuff like food and fuel and clothes is somewhat speculative, nor is it even shelf stable for years like you suggest.

Its oregon trail level of financial planning of "buy 2000lbs of food for the next few years, then when you get money again spend all that on stocks and crypto. Its gambling on gambling that isn't going to net anyone benefits except super autists that eat ramen noodles and canned corn for a year at a time.

Your assumption that regular living expenses like food, clothes, energy, and fuel would be cheap enough to replenish off stocks and crypto. Okay, lets say you bought 2000lbs of food, 3000lbs of fuel, and all the clothing you normally would have bought, then you spent the net on stocks and crypto after. What happens when one or both experience losses? then you just don't eat? its moronic investing and prepping advice.

>>53947702
when you look at that chart you could expect a pullback to at least 1300

>>53938718
YOU DO NOT BUY GOLD TO MAKE GAINS YOU BUY GOLD TO PRESERVE YOUR BUYING POWER , THINK OF IT AS A SAVE BUTTON FOR YOUR FINANCES.

>>53948395
preserve your buying power minus dealer markup, getting lowballed when you go to liquidate, the risk of theft and fire destroying the entirety of your savings, etc

>>53948557
that's right I totally forgot the time my gold burned to ash in a house fire

>>53946221
This. Also it's wealth that you can actually hold in your hands

>>53948557
Every store of wealth has its risks and drawbacks

>>53938718
I daytrade gold. It's a lot easier than trading the big indexes because of less crazy moves up and down.

gold will double in value over the next 4 years. then sell that top.

>>53943141
its actually cheap

>>53938718
Gold: reliably underperform the S&P500 over 100 years
or
Bitcoin: 5x the avg yearly return of the S&P500 over 12 years

yeah lets buy gold its safe!!

>>53949454
>1pbtid
>doesn't understand the fundamentals
that means fiat is worth half what it is now which is fuck all

Gold still hasn't risen to account for the covid printing.
They can print trillions but they cant print gold.

All the central banks/whales know this and are accumulating,

>>53947751
Gold was illegal to own in 1970.

>>53951577
If it isn't tied to inflation (as evidenced by trillions in printing and borrowing and lending) then what the fuck is it even tied to or correlated with? Why would banks and whales accumulate if it doesn't even keep up with inflation?

Rule #1: As with any other asset, don't buy gold if you don't truly understand the basics behind it. Research first about its supply and demand, and how gold price correlates with stuff such as inflation, interest rates, the USD value or US treasury yields.

Rule #2: 1 troy oz. bullion coins are probably your best bet if you want to buy physical gold, but first you must get acquainted with the concept of the premium added over the spot price regarding the sale of gold. If you want to invest in gold but don't want to buy bullion coins or bars or ingots, you can also explore the option of buying gold-related ETFs or stocks from gold mining companies.

Rule #3: Gold as a whole, unlike stocks, can't really be analysed from a fundamental viewpoint. No net income, no free cash flow, no dividends... You are left with technical analysis and the macro factors mentioned in rule #1 if you want to assess how might the gold price evolve in the short/mid term.

Rule #4: Gold is often called a store of value, but that does not make it a super-safe investment devoid of any risk. People who bought gold in late 2012 or early 2013, for instance, had to hold it up to 2020 to recover its initial investment.

Rule #5: Gold is a bad asset for speculation. Do not treat it as some newly launched altcoin bound to do x2 or x3 in a short lapse or even as the stock of some company which is rumoured to publish amazing results or some game-changing discovery in its field.

>>53952393
economic depressions or complete collapse of a country is what it looks like. I mean it will still grow in value over 30 years regardless but I'm not sure if the rate of return will beat real estate or like index funds in 30 years without a major happening. I'm no expert though just a retard on here like the rest

>>53950268
Every single stock and fiat currency returns to zero eventually. (Bitcoin is fiat.) Gold does not. This is an inevitability.

>>53952634
Yeah thats what all the commercials and boomers declared; it keeps up with inflation, will always be valuable, and other bullshit. I've got a few ounces of gold and it just feels retarded. Doesn't keep up with inflation, the only places willing to accept it today are pawn shops and gold sellers that you have to ship to before they'll pay.

Boomers finally admitted its not an investment but a hedge against inflation and economic collapse. But again, it doesn't keep up or hedge against inflation at all. When I bought nearly 10 years ago it was like $1600/oz. Today is under $1900/oz. Thats fuckin awful and apparently not correlated with anything. They announce they're not printing gold like they do with money, but gold and silver is nearly a waste by-product from the lithium mining they're doing to build batteries for everything, thus depressing the price incredibly by adding so much unwanted supply.

Then on top of that, declaring it as a currency after economic collapse like Venezuela? lmao. Thats because they're so destitute Americans cannot comprehend having comparatively nothing else to trade and $100 of gold chain is the *only* thing they have left to barter for under the assumption some form of economy will return or they can sell that gold to neighboring countries. Imagine having 1 ounce of gold; you're hungry and you meet someone after economic collapse with a few cans of soup. You're now paying 1 ounce of gold for a can of soup IF that other person has faith another economy will eventually take place and for no reason see gold as valuable. Its horrendous trade value in economic collapse

>>53952653
>Every single stock and fiat currency returns to zero eventually. (Bitcoin is fiat.) Gold does not. This is an inevitability.

But you can't figure out a way to actually make money on things before they "go to zero", no?

>>53952610
>1 troy oz. bullion coins are probably your best bet
Nobody has ever been able to explain this to me. Its always "well theres added premium on top of coins, so when you sell you recover that added premium". So what? Why not spend less today and recover less when you go to sell. Not to mention most buyers from individuals will exploit your need for money and offer a price to buy without that coin premium double fucking you. bullion and other bars avoids that entire scenario.

>>53952783
as for me I have no better place to put my money anyway so I just buy PMs with some of the money that I have left over

>>53952856
Wouldn't an index or mutual fund be infinitely better? Wouldn't any other stable storage of wealth like food, guns, real estate, or anything else that either holds value, is more liquid than PMs, or better yet actually produces a return?

>>53952653
Gold is fiat.

>>53952991
you're right I could stock up my pantry with some more stuff
I have some money in funds but they are commodity related, it's still kind of risky I think

>>53952991
the point with gold is it is more portable than anything you mentioned which is a big factor in times where you have to move fast or make certain decisions that doesnt allow you to stay at one place. i understand why jews especially like gold

>>53953268
If there is some kind of post-apocalyptic event that you indeed need to be highly mobile, a $1600 ounce of yellow metal isn't something high on the must-have items in your backpack. I'd rather take a can of spam than a coin. Portability mean it must have a near-immediate use at the cost of weight. Having a chunk of metal to trade for something while escaping an area is a good way to get robbed. Oh you're hungry? I'll take $1600 for this can of tuna. You don't like that deal? Starve.

>>53953510
this is an alternative scenario. i was talking about the scenario where im smart enough to flee the country before im in the middle of a war zone.

>>53939398
Hey faggot those 20 yr olds already waited. It’s not like it just bottomed. The long winter ALREADY HAPPENED. Holy fuck

>>53940310
I think we're headed into a situation like 2011 where confidence in traditional assets is low so PMs moon.

>>53938718
goldbros, do you know why people often rebuke gold because "haha what if an apocalyptic event happened"? as if social instability would make it worthless

gold retained its value during all sorts of apocalyptic events throughout history
the collapse of the roman empire?
plagues and diseases? including the black death which wiped out ~50% of europe's population?
wars? invasions? anarchy? disorder? attrocities?
gold (and silver) always remains valuable and is used, officially or unofficially, for commerce

so where does this idea of gold becoming worthless during a crisis stem from?

>>53954485
>so where does this idea of gold becoming worthless during a crisis stem from?
idiots on 4chan who have no idea what theyre talking about

>>53954485
People imagine The Walking Dead or Mad Max when they think of societal collapse. The reality of it would be much more boring.

>>53954343
but PM's kinda never have gone to the moon like boomers keep talking about. Silver went to like $45/toz for about a day then sank back down. Gold never hit these mythical $10,000 (or more) prices like they technically should, leads me to lose confidence every time I hear an ad on the radio for gold.

>>53954556
you just have no patience
go play in the shitcoin casino and stfu

>>53938718
Look into the liquidity in your area and find a design and purity level that you're interested in buying.

I can help you find a type of gold that suits you, what country do you live in?

>>53954784
cool glass m8

>>53947599
smell the imagination

>>53944460
>honest answers from incredibly wealthy people of net worths over $100mil. Seems like the ultra rich people never mention gold but some wealthy in the tens of millions range buy "some" to stuff in their gun safe because they ran out of ideas to spend their money on.


https://youtu.be/hRNkWri-_sg look at 10:00.

The reason you don't hear rich people talking about gold is because it makes them vulnerable to robberies.

Gold is and will be a hedge against an ecomic collapse. There is reason central banks hoard it.

>>53952783

It's nonsense from coinfags, they just love collecting the things. Anyone buying PMs for reasons other than coin collecting should, as you say, just get bars and shit.

Metal fags are so fucking confused about what they're trying to achieve.

>bruh it's not about making money
>butttt it will moon like fuck in two more weeks
>but that's not what it's about, it's about PRESERVING wealth, you bigot
>yes I have a 4 figure net worth, how could you tell?
>buy over-priced decorative coins, just because
>if you disagree you are a Jew. Unlike the kind sir who runs my local coin shop, he's a great guy.

>>53952783
It's illegal to counterfeit coins, unlike with bars.

>>53954784
>gold buffalos
> soft .9999 gold
>stacked on top of each other in a glass

>>53938718
how could this happen to us BOIL chads?

>>53938718
it currently isn't retarded, but one day it will be

>>53954634
I don't have any shitcoin, that shit was known to be a scam from day 1. And if it has a latency period to react to inflation, then why doesn't anyone ever mention that?

>>53955082
Yeah, if you're going through the trouble to make counterfeit gold or silver bars, you probably also don't give a fuck its illegal to make counterfeit coins.

>>53955324
If you make a counterfeit bar then you can claim it is a reproduction. If you sell it you might get arrested for fraud. Even owning a counterfeit coin is very illegal and trying to pass it off will get you put in federal prison.

>>53955510
Even if its a Mexican Libertad or Canadian leaf or british uhhh, thing? Also, unless you're peddling hundreds of fake coins for big money, I highly doubt the Feds are going to go after anyone. Buying from a well known reputable seller is key, and why individual to individual sales are so rare.

>>53955084
gold is soft but it's not THAT soft

>>53938718
Gold is selling at price. Silver is selling 2times over spot. I buy silver