/biz/ - Business & Finance

>>55053170
It does what it's supposed to do
Secure value long term. You aren't a moonfag are you?

>>55053170
you sound poor

>>55053258
>quoting niggers from the 1800s as if their aphorisms mean anything today

im richer than u you retarded nigger how do u think i bought 100k worth of gold in one go lmfaaaaaaao

>>55053193
secure value where and how? it cant even beat inflation u retard and they mine 20 tons of this shit every week - its not a good investment u nigger

>but muh gubbment buy it!
yea and its like 0.001% of the country's value

in essence, not even the biggest governments think its a good hedge LMFAO

>this illiterate nigger
>100k in gold
which monkey currency did you use?

>>55053170
>gold 2 years ago
Not doing it right...

>wouldn't make profit today
did you fall for le ebin eminoont happenoon memes?
>lose money because of premiums
but not on the gold itself
so it has functioned as advertised
i'll let you guess who's charging the premiums and why
>just put the money in some shitcoins
oh, nevermind, you're a poo who needs flushed down the loo
ironic considering the indian public holds more gold than any other nation public
probably more than every nation public combined

>Another fake i bought gold i shouldn't have now im selling thread

Whats it about lads?

>>55053338
>im richer than u you retarded nigger how do u think i bought 100k worth of gold in one go lmfaaaaaaao

Post a timestamped photo of your gold.

>>55053570
>>lose money because of premiums
>but not on the gold itself
what kind of jewish trickery is this?


>you see anon, i may charge you 5% premium BUT the value hasnt really gone down therefore youre not really losing money ;)

>>55053606
If central banks all decided that they were going to buy AAPL en masse, no one would call you a retard, a kike shill, a scam artist, or anything else /pmg/ bros get called. They'd buy the fuck out of AAPL

>>55053606
>heres a news article by corporation controlled mainstream media based on fixed information

protip: The government value wise, has acquired more bitcoin than gold

>>55053749
>what kind of jewish trickery is this?
>jewish trickery
exactly

>>55053170
Yup. You'd have to have bought over a decade ago to break even after fees. Meme metal lost to inflation.

>>55053570
>Gold is valuable as long as you never try to buy anything with it
Retard

>>55053170
You've discovered the deep dark secret of the people shilling Gold and Silver, Anon.

>>55053170
Gold is money, it doesn't make you rich, it preserves wealth.

>>55054127
I bought 1 oz gold coin in December 2021 and just sold it last month for a cool $200 profit to a local coin store. It performed better than having that money in a high yield savings account I guess

>>55054185
It doesn't preserve wealth with a 20% markup over spot value.

>>55054186
How much did you buy at and now much did you sell at.

>>55054202
I don’t remember the exact values anymore, but it was a 1oz gold eagle. I bought it for around $1800 and sold it to a shop for $2040.

I also made a similar profit on my silver. I bought 120oz of 1oz bullion for like $25/oz and sold it at $27/oz

>>55054197
Just sell at a premium too.
Ez.
If premiums are so decoupled from spot, what do you think the real price is, hellooo???

>>55054202
>>55054267
I should add it’s important to find a good store. Most of the stores I called only wanted to give me spot, which means I would have broken even/barley made anything. However I found a store near me than offered +$2 over spot for silver and then $40 over spot for my gold eagle. This was after the banking crisis when people were buying up precious metals like crazy

>>55053193
>>55053570
>>55054185
>secure value
>it has functioned as advertised
>it preserves wealth
If nominal price has barely moved in the past two years then the real value is being eaten by inflation. If it's just another subject of fake and gay market-manipulating games, it's not a safe preserver of value. How can goldbugs watch it objectively fail at its one job and still tell themselves it's working as intended?

you bought at all time highs and worrying about 2 years?

>>55054267
Zero commission. How convenient. Nobody would ever lie about that.

>>55054493
Not zero commission. They could turn around and sell my gold coin for another $200 profit the next day since to buy one was at $2200.

No reason to lie to you either. I’m not saying it was an amazing investment. Just that it performed better than butting my money in a HYSA and technically in the stock market too for the year of 2022

>>55054641
Nah you're full of shit. My source is it came to me in a dream.

>>55053170
(price bought - price can sell)/5 = number of years until return

It's not like JP Morgan has been caught and fined for manipulating PM prices multiple times in the past 5 years.