/biz/ - Business & Finance

>falling for the memes
you may as well KYS

>>55400514
>suicide

compelling but i'll need more of a reason

you will not make money. that’s all i got

>>55400533
long term its pretty consistent as a saving mechanism. immediate investment i'd literally never expect to unless I bought a share in a new gold mine or something.

>>55400510
Gold is an asset, not
>the
asset. Poor people shouldn't botter buying due to their lack of safety and the inevitable theft in the event of an apocalypse (which is the sole reason to have boomer rocks in the first place).

>>55400510
Gold barely moves. Worthless

>>55400510
It's just a shiny rock with almost no practical applications.
If we ever get to the point where usd is becoming worthless than we're probably in the midst of the apocalypse. At that point gettings guns and shit would be a way better investment.

>>55400510
Don't buy g7 gold, you are returning your cash to them therefore you sustain the bank because they manipulate gold
HongKong has cheap gold, Russian gold is forbidden (easier to find using yandex)
Aaand wait for a dip

>>55400597
>>55400603
actual retard take. like claiming "money is just paper man!". yes retard, it's what it's worth to others that gives it worth to me.

>>55400510
It's near ATH and jews and jeets love it.

>>55400618
There's no grantee that people would still value gold in a post usd world. Also no one outside goldbugs cares about it in our current system.

unironically it's one step above shitcoins.

>>55400640
how old are you?

>>55400640
> Also no one outside goldbugs cares about it in our current system.
apart from all the value gold had, has and continues to have nobody cares about it huh?

>>55400648
72
>>55400649
It never had any intrinsic value to it. It's just a shiny rock.

>>55400664
see >>55400618

>>55400618
It's a glorified stable coin

>>55400684
one that's been used for literally thousands of years. I think it'll survive another 20 or so years.

>>55400679
Cultures are organic things and just because some of them valued it in the past isn't a guarantee that yours or mine will value it again or for the first time.

And if we're getting to the point where fiat is falling apart then we're probably entering the next dark ages.

>>55400689
still going with this retard take? i'm noticing a trend in those opposing buying gold.

Gold is never going to make you rich. People (and governments) buy gold to minimise risk in the event of a financial crash or hyper-inflation.

>>55400690
fine go get it then.

>>55400691
pretty good argument for buying gold?

>>55400533
>long term
yeah in like 40 years
do you want to make money or do you want to hedge like a faggot

>>55400545
>The cash value within a permanent life insurance policy typically grows tax-free, and loans against that cash value aren’t taxed. Life insurance payouts aren’t taxable, either.
>Unlike with some other permanent policies, the cash value growth of whole life policies isn’t tied to the market — instead, the returns are fixed at a rate set by the insurer. If your policy is with a mutual life insurer, you might also earn annual dividends based on the company’s financial performance.
Imagine using gold for savings.

>>55400640
>There's no grantee that people would still value gold
IMF. Countries can buy their meme money for gold, but can't buy the gold back

>>55400697
It's an argument to perhaps put a portion of your wealth into gold but there's no reason to buy more gold than that unless a crash is imminent (i mean a real crash not 2008)

>>55400768
>put a portion of your wealth into
also known as... buying

>>55400711
>argument for not buying gold:
>1) buy life insurance instead
perhaps the most retarded take yet ITT

>>55400688
I like making money. Mot watching paint dry

>>55400649
Only boomers care about it as shiny rock jewelery outside of rich rap niggers zoomers and especially millennials don't care and especially don't have the money to care about it. Fiat is all we know.

>>55400862
>Only boomers care about it as shiny rock jewelery outside of rich rap niggers
>boomers
boomers run the banks and countries that buy gold but trying to claim the current private gold buying is anything but current generation is just false.

>niggers
niggers buy overpriced bling they can't resell. i'm not buying gold for more than it's worth to sell.

>>55401018
Gold = watching paint dry. You're a coper

>>55401026
yes long term investments do take a while. well done.

>>55401090
>you'll be in your 60s by the time it does a 2-3x
kek

>>55401143
compared to inflation in which i'll lose all those savings? sure are a lot of shill tier takes on why I shouldn't buy gold.

>>55401173
Gold gains won't even beat inflation, lel. Why would I buy this shit vs throwing my money at shit that will have parabolic gains?

>>55401173
they're not shills
they're just naive and are captivated by blockchain tech
they think there is value because it's complicated and new... basically the antithesis of gold

>>55401018
>I'm only speculating on gold

And you talk shit about Bitcoin zoomers

>>55400684
Pretty much. Don't care for heavy bricks. Crypto is the future especially with projects like AstraDAO giving life changing passive income rewards.

>>55401259
Brother I'm sorry to inform you but shitpissfuckassdickballscoinx12 # 1,500,00,000,000,000 is going no where.

There's only two cryptographic currencies that make sense and that's XMR and BTC

>>55401313
>alts (besides XMR) bad

>>55401320
XMR isn't an alt.

>>55401329

>>55401333
Great retort.

>>55401353
You're coping. Not much else to respond to when dealing with delusions.

>>55400510
For now the government can take a physical asset easier than it can a well stored btc.

The fees associated with buying and selling gold makes profit realization infeasible

>>55401357
Your shit coin casino is something birthed out of the ass of that faggot vitalik. XMR doesn't meet that criteria. Just stating factual information.

XMR at least has utility.

>>55401486
Markets don't care about your feelings. Alts will exist whether you like them or not. Also XMR is literally an alt coin. Look up the definition of an alt, lmao

>>55401515
Them existing does not mean that they are valuable or useful. Only people who enter in on stealth phases make money of rubes like you.

Every single alt follows the exact same market trendm they are all scams and web 3.0 is not on the Ethereum clown chain. Also definitions are made up and change all the time but keep proving how big of a brainlet you are. XMR might could be an "alt" in the literal sense of the term in comparison to something like Bitcoin but it doesn't check any other box as far as reality is concerned. But keep living in your delusional waste land.

>>55401548
>Them existing does not mean that they are valuable or useful.
I don't care about that. I'm here for the money, not "for the tech"

>>55400510
gold isn't digital, will never be money again
hard to know if you really have gold or fake gold
new generations don't care about it
95% of its value is monetary and can go away just like that
space mining or chemistry breakthrough will make gold way more common
same with silver

>>55401617
>space mining or chemistry breakthrough will make gold way more common
top kek

>>55401578
Keep reading retard.

>>55401675
No thanks, dumbass bitch. I know how you mentally ill maxis think. Fact of the matter is alts will have their run because they don't give a flying fuck what some newfag retard bitch thinks.

>>55401185
literally objectively untrue.

>>55401240
never said anything about bitcoin at any point?

>>55401364
you can easily melt down and/or hide gold.

>>55400510
Gold is good only if you have so much wealth or such a great income that you can't figure out ways to invest it to get a good return.
Or in a situation with really high inflation.

It's not an illiquid asset, but you can't easily recoup its full initial value if you sell shortly after unless its price has gone up considerably.
Also, depending on the country, it's getting harder to buy it anonymously. Yes, you could buy it face-to-face from an individual but then you expose yourself to all kinds of scammers, and you have to learn how to verify its authenticity.

So basically it's not even an investment. It's a hedge for you to put money you won't need in a very very long time.

Silver is better since the price is artificially suppressed and manipulated, so hedge funds are subsidizing your purchase. We don't know how long the manipulation will last though. Could be decades.

>>55401617
>gold will never be money again
anon, I...

>>55401718
>It's a hedge for you to put money you won't need in a very very long time.
so you're saying buy gold?

>>55401725
Only if you really make a lot of money and only a small % of that income.
Kind of like a retirement fund.

>>55401688
Huehuehue stay mad troons.

>>55401713
I know anon, I was being facetious

>>55401751
entire OP is why I shouldn't buy gold and instead you convince me to buy gold

Gold is unironically too high iq. If financial system hits the fan the shelling point needs to be obvious and accessible. Bitcoin is better.

https://www.longtermtrends.net/stocks-vs-gold-comparison/

what do you think

also the supply is manipulated, and the spread ridiculous