/biz/ - Business & Finance

>>55706491
What do you think?

>>55706491
>>55706526
https://www.youtube.com/watch?v=jvNhP45nw_g

>>55706491
Gold prices are heavily manipulated. Only instance they will shine (intended pun) is if we have some sort of widespread collapse which if history is any indicator is something that will happen at some point.
The nice things about precious metals is that they will always have some value and are not so easy for governments to track and confiscate. Only way to make money with gold in todays market is if you just happen to be lucky and buy some coin that turns out to be a collectors item, but even the coin market is shit these days so.. Personally i bought most of my gold when it was at around $700 and back then i could also find it below spot because normies were more clueless.
Having a small portion of your portfolio in gold is never a bad idea.

>>55706491
Is this the future of BTC? Will we just crab at $30k forever?

>>55706526

>>55706707
Yes, Bitcoin has been tamed, just like they had done with gold.

>>55706491
>asset thats thousands of years old changes prices at the pace of a snail
WHOA

>>55706707
zoom and. then, you tell me.

>>55706707
No. Bitcoin will slow bleed to 12k and then carb there forever.

>>55706680
This. That's why gold is one of the best assets to daytrade. No crazy moves outside of "news" events, very liquid and predictable.

>>55706754
you literally make more money holding fiat.

You were supposed to buy right when the market crashed, you dummy! If you buy after all the plebs do, you're too late, duh!
Same thing with stonks. Buy low, sell high (or just hold, whatever).

Bitcoin is electricity-dependent non-currency non-money non-value controlled-by-very-few thing that certain people put price on, but ALL of it is HACKABLE if you have enough digital power, as the US, the UK, Russia, and China have. It's no money. GOLD is money; nothing else.

>>55707361
You don't even need to "hack" it or perform a 51% attack
Bitcucks like to pretend the Bitcoin source code doesn't exist and that it isn't controlled by only like 6 people who are human and presumably corruptible.
There is in theory a way to create a switch that turns Bitcoin off forever. Meanwhile gold will exist until the heat death of the universe

>>55706491
This is how monerocels will be instead of just using it for transactions

>>55706680
>>55706491
digital native bros who own gold in an ETF, like GLD, is to over for us?

Gold is a scam

>>55706707
Btc does not have the weakness gold has. It cannot be printed by banks.

>>55707282
That's why Gold rose from $50 to $2000. Troll or retard?

>>55706526
> Gold security features don't exist
> Metalytics testers don't exist

Dumb fuck.

>>55708553
Can't wait to see what you say when some nerd at the Federal Reserve is made a Bitcoin core dev

>>55706491
what happened is him and kiyosaki have been selling their bags the whole fucking time.
kiyosaki always talks about how he made money as a gold investor, what he never says is that he did it by buying as much gold as he possibly could at the start of and during the only 10 year bull run gold has seen in the lifetime of anyone that's still alive.

>>55706491
Fundamentally stupid economics. Imagine buying shiny rocks from the ground to "store" your wealth. Thousands of years of economic theory ignored.
>it has to be worth a lot because it always has always been worth a lot
Guess what. Hundreds of years ago you might have been correct. Thousands of years ago you'd be a certified investing genius.
But it's currentyear. We have global commerce. Digital banking. Democratically controlled fiat systems. Literally the most prosperous and financially successful era of human history. And you think people want to exchange their valuable time, services, and goods for a hunk of metal? Get fucked.

>>55708756
That's right citizen, we have aqueducts and roads extending from here to Illiryia and then to Iberia over West. We have trade with the Parthians and the Chinese. And you think the good and solid denarius will be worth any less because it's been debased with one metal instead of some other metal? Get fucked.

>>55706707
Awful investments. The U.S. economy is $22TN in size and the bond market is $46TN. Bonds are different than stocks in that the U.S. economy is OWED to people twice over. This is a major problem because those resources don't exist. The word you need to be concerned about is SCARCITY. It is not good enough to think crypto is some panacea because the amount of BTC is capped. The issue is going to be all of your claims to wealth are not going to be valid. People will be net-sellers of EVERYTHING in order to sustain themselves. People don't want cash and bonds and stocks because they want own those things. They want them because they believe it will procure more cash in the future. Cash is basically the wild-card commodity that buys stuff today. The problem is most people's ownership of bank deposits, stocks, bonds, real estate are all functions of bank credit. Bank deposits are a claim on cash. And to wrap this all up in a tidy little bow, as the debts become unsustainable and to prevent prices from crashing the banks will print CASH Zimbabwe style. And the reason is because there is a massive shortage of resources of pent-up demand that can never be made good on. Paper millionaires who think they have "made it" and have a retirement and everything they could every need will find their ownership "claims" are bogus and what they own will not be able to secure the real-world commodities they need to live. The free-meal-ticket is coming to an end. And nothing about crypto will do well in an economy of EXTREME shortage.

>>55708756
>Hundreds of years ago you might have been correct. Thousands of years ago you'd be a certified investing genius.
Yup. Gold is a dead older cycle coin. May as well be Waves or Bitconnect or some boomer shit from 2016.

>>55708877
*oh yeah, fuck gold and all of the scammy scumbag fees that come with it. That industry fucking sucks and I'm happy people are finally learning about the institutionalized con.

>>55708772
We literally never see banks ease lending requirements in a downturn when debts become unsustainable, because they're not stupid enough to devalue their own income stream. If you mean central banks you must be more precise with your words, and also the most important central bank has been raising interest rates for a year specifically to avoid this scenario. The world is going to implode, but it's because nobody outside of the US had kids in the last forty years. On the plus side, it's not going to be a resource-driven implosion, but a labor-driven one.

>>55708756
“A hunk of metal” that is rare, indestructible and useful. It’s like the perfect currency.

>>55706491

A decade of artificially cheap oil from US shale, plus money supply not really going up that much from QE (at first).

>>55706491
bitcoin is still down 60% from ATH

lol

>>55709070
>artificially cheap
anon, shale is common in most places on the planet and comprises anywhere from 60-90% of all oil on the planet. The second oil boom is just getting underway, all because some wackjob in Texas was convinced he could squeeze oil from a rock.

>>55706491
Crypto currency fails as a means of exchange as it is not a commodity with any utility in and of itself, therefore cannot be a store of value. Despite its advantages over commodities in a digital sense, it is still expensive, slow, and not easy to use. Gold has intrinsic value while crapto has none. Seethe and dilate, crypto tranny.

>>55708898
>it's because nobody outside of the US had kids in the last forty years.
lmao wat

>>55708478
None of that is true though... you can't just "turn it off" lmao

>>55706491
Maybe because it’s a fucking rock that does nothing but sit there

>>55708772
I’m not reading all that shit you fucking nigger. Give me a TLDR

>>55709230
>any utility in and of itself
being able to transfer value all around the world and nearly instantly is pretty useful if you ask me.
failed attempt at applying the austrian definition. mises and rothbard would have been hardcore monerochads cypherpunks

>>55706491
nothing they will sail smootly tru the inflationgeddon thats about to happen good for them

>>55708923
>rare
Is it rare? We mine more of it out of the ground every single day. We have fortresses full of gold, just sitting there. There are much rarer metals than gold.
>indestructible
So is lead. And aluminum. Any element is "indestructible".
>useful
Useful? For whom? Chip manufacturers? Give me a break.
>It’s like the perfect currency.
This has to be a troll. No one wants to transact using gold. The most inconvenient and risky way to buy something imaginable.

>>55710559
This settles it, I am ordering more gold tonight.

>>55709547
look at a population pyramid, anon. 95% of the developed world looks like this except for the US which had another buldge in the mid-80s to late-90s.

>>55709820
Ah another bitcuck in denial who doesn't actually understand how computers, code, or even blockchain works, and especially not the network effect

>>55708756
>democratically controlled fiat
This is bait

1 unit of gold/silver in 2023 buys the same amount of gas/food/clothes as it did in 1923
noble metals hold their value in that they are inflation proof

>>55708478
> in theory
More like in your ass.

>>55708767
If part of your investing plan involves living two thousand years I don't know what to tell you.

>>55709122
And over 215,000% up from its inception not even fifteen years ago. Meanwhile gold...

>>55709230
Why are dollars exchanged more than gold? What is "intrinsic value?"

>>55711190
The same network effect that has been favoring Bitcoin over gold?

>>55711506
No it doesn't.

>>55706491
2021
1 Btc: 64.400 usd
2023:
1 Btc: 29.000 usd
How do shitcoiners even recover...

>>55706717
Schiff hates blacks.

>>55708767
>denarius
>The value at its introduction was 10 asses giving the denarius its name, which translates as "containing ten". In about 141 BC, it was re-tariffed at 16 asses
About a days wage for a common man.
so like 50 60 bucks.
silver weight of $2.5
sells in mid condition currently around $40-60 and good up to $100. about the same as a days wage..
sure ill give you $2.60 for it.

Now that $2.60 in the time youre investing it could probably buy rome

>>55706491
Schiffy now believes that the FED is going to be cutting rates soon.

lol,
lmao even.

>values gold using fiat
Ngmi

>>55708536
Partially true.
The (((dealer premiums))) certainly are.
This kikery makes "digital Gold" the only viable investment.
If you buy physical, have fun holding (if) until the spot price surpasses the 25%+ (((premium))) you paid to hold a shiny rock.
Kike dealers will then buy the shiny rock from you below spot price trolololololololol.
Problem?

>>55708707
Schiff, Kiyosaki, Ramsey.
All of them are trust fund coddled business failures.

>>55708756
>Democratically controlled fiat systems.

Unironically why crypto gets shilled so much on this board.
Currently betting on Kava. They're heavily investing in expanding so my bags will probably give me a nice ROI soon.

>>55709070
how does low oil price tie in with low gold price?

>>55706491

>>55706491
The cheap accumulation fix is in prior to the re-valuation of PM’s to end the upcoming financial collapse. I am a Schizo.

>>55711506
anon who the fuck told you that? They were lying to you