/biz/ - Business & Finance

>>55314886
Why did you think buying rocks was a good idea to begin with?

Anyways look at the bright side...atleast you didn't buy silver

>>55314886
it could've been much worse; you could've fallen for the jewish buy-silver-only meme.

>>55314886
>>55314902
>>55314934
still buying silver and gold, thanks
you guys have fun "accumulating" btc

>>55314949
Please explain to me how buying rocks and shiny coins is a threat to the banking cartels?

I want serious answers

banking collapse any day now…. my dream of finally be paying for canned beans in gold shavings will come

>>55314955
>it needs to be a threat to banking cartels to be a worthy asset
>>55314980
>we need an economic collapse for it to be a good store of value

>>55314996
>to be a worthy asset
But it's not. Silver is trading at the same price as 1917. Check>>55314902

I don't take financial advice from the btc maxi castrata
so why would I take financial advice from men pumping estradiol into their veins?
pro-tip, I don't and I won't.

>>55314955
Every ounce of gold I buy is one less ounce in kike hands

>>55314886
Gold had a huge 14 year run since 2008. It broke Ath in 23'. Are you trolling?

>>55314902
>>55314955
The central banks are backed by physical gold as a tier 1 asset. Not Bitcoin. Are you fucking stupid?

>>55314902
>>55314934
The original "dollar" was a piece of silver. Not a piece of paper that you shove into your axe wound while you pretend to be a real woman.

>>55315008
You do realize like 95% of what determines it's price is paper sales, futures, spoofing, etc.?
It's for this reason China is calling for international silver market reform.
Silver isn't some commodity like oil with OPEC that keeps prices at a level which will reduce shortages.
Silver mines are barely breaking even at current prices, and peak silver production is within this century, from then onwards supply will fall. It's still both an industrial metal and a word for metal or bank in multiple languages.
So I hope you realize silver is bargain at current prices. For thousands of years in history silver traded less than 20:1. Now it's 80:1
>but that's just because its a meme now, fiat will work this time. It's only the 100th time a nation has tried it, but history doesn't repeat itself
Ok sure, believe whatever you want.
I just know I live in China and I stack Panda coins because they're ridiculously cheap here, and I can also get some numismatic (collectible) value out of them before I die. It makes sense to me.

Believe what you want about silver. But riddle me this: If gold is useless, why do central banks stock it heavily while investing little if anything into crypto? It's almost as if they realize that confidence in debt instruments will eventually recede, and our current meme fiat currency will become worthless one day as is the fate of every single fiat currency in human history.

>>55314955
>how is buying metals a threat to the banking cartels?
It's not. It's the exact opposite, especially silver; which is precisely why they promote it so much and shill the narrative you should go all-in on it -- notice also how many of the "buy metals only" shills (not talking about real anons from pre-2021 /pmg/) simultaneously (especially when they promote silver) also attack crypto.

They want anons who are aware fiat is going to shit and know they should do something to protect their funds to make the worst "investment" possible. That's why they shill silver in particular. They know that the absolute worst thing people can do to protect themselves from inflation is to "invest" in silver as it's the exact opposite of a hedge against inflation: it was $49 in 2011 and today it's crabbing around $26-$20 and that's with inflation having massively increased since 2011 and rising exponentially -- and it's even worse than that, as it was nearly $50 in 1980 and since 1980 inflation has increased even more than since 2011. So over time you actually lose wealth by holding silver. That's why they shill it.

And when you compare charts where Bitcoin is measured in fiat, versus charts where Bitcoin is measured in gold and silver, you see that the "Bitcoin measured in Gold" and "Bitcoin measured in Silver" charts look nearly identical to a BTCUSD chart (Bitcoin measured in Dollars). That's how poorly the metals perform. Picrel.

>>55314886
I suggest you dive into commercial real estate. Go all in, boy.

>>55315224
>which is precisely why they promote it so much
LMAO they literally run cryptocurrency ads with Hollywood movie budgets
https://www.youtube.com/watch?v=tEjjufPd3Is

>>55315224
>gaslight gaslight gaslight
kys

>>55315260
>>55315276
>JIDF agents instantly upset at my post
Israel has no right to exist.

>>55315288
>pretending to be against jews while also against silver and gold
kek, only a complete newfag would believe your faggotry.
>muh jews love Bitcoin
They love you loving empty air and nothingness.

>>55315224
>the price of this asset experienced a bubble, guess it's an unworthy asset
By that logic, why invest in real estate or the stock market either? They all experience bubbles.

>>55314886
Imagine how many more bars he could own if his hands were even longer

>>55315092
Posting tranny stack because you are a lemming

>>55315224
mfw a coworker was offering me morgans for $20/ea in the early 2010s

only bought one because im a moron

>>55314949
>>55315011
>>55315092
>>55315202
> BTC out of nowhere

>>55314902
>>55314934
OH NO NO NO NO NO
>>55314949
>>55314980
>>55315022
>>55315326
That will be 1 gold bar for a loaf of bread, kek

>>55316583
You're a janny following me around and policing /pmg/. You think you're clever and subtle but you're not. Also your stack is poor-fag tier.

>>55314886
So... you're financially ruined bcuz you bought something that you can sell literally right now for a few hundred less than what you bought it for? You must have been really struggling

>>55314902
>>55315008
So in other words silver is a nice, stable way to save your money without worrying about inflation? I concur
Also here's a nice 100 year price chart of gold for OP

>>55315326
> >muh jews love Bitcoin
They have a seething hatred for Bitcoin.