/biz/ - Business & Finance

*Warning: This does not constitute financial advice*

>>54174057
Gold is more a collapse hedge, or something you would use in a pinch for not so legal purposes.

Why do you care about my wallet, fag? Also buy CPU's today for our AI filled future tomorrow! You cant have CPUs without gold

>>54174057
>Silver *DOES NOT* end the Fed.
>Silver and gold end your wallet.
>Silver and gold are not an inflation hedge as we've all seen now, they are in fact, useless barbaric relic.
>Gold and silver are fucking worthless. They have literally dumped 90% since last year and won't stop any time soon. The thing about silver is that there's more than 100x as much in the ground as there is gold (which is also worthless), and its "industrial uses" are massively overrated because copper outclasses it for any conceivable use.
>PMs are going to zero, you'll be able to get it for free off of craigslist soon enough if you're willing to go clean it out of dejected stackers' houses and transport it away. Furthermore, asteroid mining operations will be up and running by 2030 and they will QUADRUPLE the supply of gold.
>Have any Anons been tricked by LCS into wasting your valuable fiat paper on useless boomer rocks?
Jewish hands typed this

Just bought another ounce of gold this morning. Asahi, only the best.

OMG I hate gold now

Rock chuds seething
Hows this make you feel?
>silver 1980: $50
>silver 2023: $20

concern trolling is lazy trolling

>>54174160
Buttcorn 2021: $70,000
Buttcorn today: $23,000

>>54174057
Nice 'Reductio ad absurdum' buddy. Gold and precious metals are definitely useless and undesirable. I have no intention of filling my mansion's vault with literal stacks of so-called "precious" metals, haha. *wink wink*

Impressive. Everything you just said is wrong.

*ends the fed in your path*

>>54174296
Like what? Not an argument.

>>54174588
No, as it happens to be a statement.

>>54174160
Means cheaper silver so pretty good.

>>54174057
My gold is up 2% today lmao

>>54175429
Your silver failed to do the one thing it was shilled for.
Silver lost 50% of its buying power after 2020. Nice "store of value"

>>54174109
Jews are the ones trying to sell you the Gold retard

https://www.minds.com/groups/profile/1315469745230712837/feed

/pmg/ Chad reporting

>>54175700
They dont know who runs the bullion/jewelry district in nyc lmao.
Crypto industry is far more goy then precious metals

>>54175675
>silver falls to $12.50 in 2020
>months later it’s over $25
wow, it truly is over. Metalchads btfo.

That's why I stack copper.

>>54174057
Not going to read all this. Going to buy more precious metals. Fuck off jew.

>>54174160
Lmao more cheapies sounds like I gotta get some more

>>54176171
>Silver pumps into a bubble like every other asset for a few months while people are getting thousands of dollars of 'free money' from the government
ftfy.

>>54176220
>for a few months
It’s still >$20, brainlet. It’s not a fucking meme coin to day trade. It’s a long hold store of value to prevent your dollars from being eaten away by rapid inflation.

>>54176257
Yes, yes. Keep going to Silverman and Goldman and Goldberg and Silverberg to get your wealth stored, I'm sure they're not going to rip you off.

>>54176386
>some kike is selling something for 50% markup so it’s impossible to find it somewhere else for a fair price
Based retard

>>54174057
correct

>>54174109
midwit

>>54174199
why are you ignoring the 4 years cycles? kek

>>54175675
>Silver lost 50% of its buying power after 2020
How's the dollar doing after 2020 again?

>>54174057
>useless barbaric relic.
lmao
you'll repeat anything. this is gonna be great

>>54176190
Copper smells like shit

>>54174057
>They have literally dumped 90% since last year and won't stop any time soon.
Blatant lie.
>and its "industrial uses" are massively overrated because copper outclasses it for any conceivable use.
Completely wrong. Some of the most expensive and necessary electrical systems simply would not work with copper. Think about it for 2 seconds, if copper could replace silver, why would a company spend infinitely more to use silver instead of just copper?

This post is the shill copy pasta they spam in the PMG thread constantly, but thought it comment for anyone who doesn't frequent that general.

>>54174057
I think a big issue with the way detractors view gold/silver is that they view it purely as an investment that is to be translated back to fiat currency at a later date. Fiat currencies inevitably collapse, since 1971 prices have become increasingly exorbitant and it's not going to stop. To measure the inherent value of an asset in fiat currency is redundant, precious metals derive their value through: historical use as currency, still legal tender; industrial application, for example close to 50% of silver is used in industry and gold is an important component in electronics; it's dividable; finally, the effort expended to attain it is a testament to its' value as well. You first have to locate it, then construct a mine, dig it up, smelt it, form it into one of its many denominations and only then is it sold.

Also, precious metals are a heavily manipulated asset. An example of this is JPMorgan's metal desk regularly being implicated in spoofing schemes and market manipulation, to such an extent that JPMorgan's metal desk has been previously described as a 'criminal enterprise' having had multiple employees/associates convicted of various crimes however of course the big fish never suffer the real consequences. In conjunction with this silver's price is massively impacted by IOUs which aren't substantiated by any real physical assets, 1 oz of genuine silver will be devalued if you simultaneously have 100 ounces of IOUs with non-existent silver.

Of course, everyone's entitled to their opinions. Some see private metals as the only true sound money, whereas some are avid supporters of crypto and see that as a good source of value. Obviously I am inclined to the former but nonetheless I imagine everyone has their reasons for their financial decisions. I wish you the best and I'll see you all on the other side, for better or worse.

TLDR; man born in the greatest generation, 1952, believes magic rocks will protect him from those nasty bankers.

>>54174057
>gold is literally being advertised on every medium from radio, tv, social media, newspapers, magazines, billboards, conspiracy theorists
>bitcoin is meant to distract you from this

>>54178447
you seem pretty lucid for a 71 year old.

not a very high bar, but still

>>54174057
>PMs are going to zero
nice joke kek

>>54176482
imagine thinking we don’t know you’re jewish

seriously imagine you actually put 50% of your net worth in fucking rocks that are mined in underground black-sites off the books, have trillions of dollars worth stored in private vaults, and is constantly being sold to you by the jewiest of jews. Imagine doing that in all seriousness during the infancy of bitcoin

>>54178567
bitcoin isn’t a real thing. you’re just stupid and gullible

>>54178546
Yeah I’m jewish and I’m laughing at the fact you’re defending our oldest scam. You know how Jews controlled the Middle Ages in terms of gold supply? We had off the book boats going to and from America. I doubt anything else has changed in the past few hundred years on a macro level

Posting in a CISA thread.

>>54176482
>4 years cycles
Bitcoin has never been through an actual recession. This is uncharted territory.

>>54178591
forgot image

>>54178587
ok, I guess I will keep buying gold and silver since it pisses you off so much.

>>54178609
the covid19 and the current inflation situation isn't a recession?

>>54176482
if there's a jew between you and me that's you, to prove it just answer my question: what are you accumulating if it's not bitcoin?

>>54178573
if it's not real, why can it be used to buy and sell things? (which I've already done)
also do you have any idea at all where the data and instruction of bitcoin is stored?