/biz/ - Business & Finance

looks like they're currently buying a mean ass uptrend out of a dip and targeting a solid 2x with 0 risk whatsoever..
fuckin based go get em boys

>>54278707
Sure as shit came in handy when my bank went under in 2008. Was able to pawn my 5 ounces while I waited for the government to pay me, which took a couple months

>>54278707
Now do the same thing for silver. It's even worse.

>>54278707
gold generates no return, the carry cost is always negative
the spike up in the 70's was the u.s. admitting it didn't have the gold to back its spending
the spike down in the 80's was the u.s. giving 15-20% interest to hold dollars not backed by gold. it worked.
the rest of the chart is easily explained by the end of the cold war and the well known market bubbles
on that chart, gold could easily be 5-7k in short order

Trading price of gold is fake, as is the trading supply. Whenever this comes to light the price will see a major correction upwards, until then expect nothing.

Gold and silver are memes

I didn't start feeling wealthy and secure until I started putting gold away in a safe.

>>54278841
no, you're thinking of bitcoin

>>54278869
Bitcoin and crypto in general are memes too

>>54278839 ---> >>/biz/thread/S49461766#p49462858

Kikes fear the upcoming gold backed sino-russian century

>>54278707
We are waiting for that pump and it's coming (i just have 600g)
>>54278811
I'm sure they don't have enough gold in the fractioned system
Also Russia will claim it's 600 bn gold once this proxy war is over and Lybia + Afghanistan will claim some bns in the coming years

>>54278707
Now do since 2000BC you mega faggot, the US dollar has been removed from gold for 50 years and it's already about to shit itself, meanwhile central banks around the world continue to stack at record rates. But surely they're just hoarding some worthless rocks without any intentions, right? In short, become an hero kike, I won't eat ze bugs, I won't live in ze box, and I will not be using your debtbux because I will have tangible money recognized throughout every nation and throughout history.

I prefer investments I can bludgeon someone to death with, if needed.

>>54279067
Is 1720 good enough? The fucking state of goldcucks lol. Keep stacking friend. Maybe one day you'll have enough to forge into a nice sized golden cock so gold can fuck you literally as well as figuratively.

>>54279397
...are you actually retarded or is this some kind of anti-autist humor?

>>54278744
Based faggot gets it fuck off zoomer op you’re a quadruple nigger unironically

My only major worry with gold is moving it between countries if I want to relocate one day. Do goldchads have a process in place?
And yes it would be from Europe to America so not gonna do anything in some 3rd world shithole but I'm still unsure about laws etc

>>54279527
dont wory taneesha gonna take care of dat fo u

>>54279527
I'm sure exchanges could assist you in relocating your assets

>>54278707
my man the real money of the masses is guns, god, and food.
Get your bible, get your field crop and get your gun and tell everyone to fuck off

>>54278707
When the old switcheroo happens the government will confiscate $ and force everyone to use gold, opposite of last time in WW1. But when does the monopoly game reverse? Eventually.

You rubes

>>54278707
Sure -

>>54278707
>hedge against inflation
It's really funny to see people have no clue about anything with gold and make their pointless poorfag comments. I'll give you 3 most important free tips about gold just this once.

1. Gold is driven by commercials, not politics. Political sentiment moves gold by a very small margin.
2. Gold and Crude Oil are inversely correlated.
3. TA strategies for gold are extremely straightforward and simple.

Your entry level should be looking up futures and commodities traders, like Larry Williams for example.

>>54282370
>doesn't address any of his criticisms

Yes, buy gold and trade it that is definitely what gold fags have been saying all this time, despite the fact holding paper gold even defeats the real purpose of buying gold to begin with.

>>54278707
I sold a 40k bar recently, had to pay fucking TWO PERCENT in fees. Its ridiculous, not to mention you can rarely buy spot price either, you pay a premium on that. So you get fucked both ways.

Meanwhile I can move a million dollars of buttcorn for the price of a hamburger.

>>54278707
Why are Central Banks still slurping gold then?

>>54282418
What criticism, imbecile? They are incoherent and incorrect points. Gold does not correlate to inflation or deflation by any genuine margin.You quite literally not just do not understand gold but you don't even understand how to read the symbol. Go to https://www.mrci.com/catalog/
Look at weekly and monthly %returns. I bet you can't even afford it.
Look at commercial production #. I bet you don't even know what that means.
I will not spoonfeed you further, this is way more info than you deserve. Stop calling us chuds and fags and maybe open your shitstain mind to an actual institutional trading approach instead of your boomer momnpop retail garbage. Just because you read some schizo garbage about Le hecking Apocalupse!!! on one of the most subhuman and uninformed blue board about busines and finances, doesn't mean shit. 99.99% of the idiots posting here, even in the precious metals general don't know shit at all about gold and have as much as half a brain to bury it in their backyard. I gave you more than enough to go on, now either shut the fuck up and learn or keep being a retard.