/biz/ - Business & Finance

>>55906336
>VXUS went up because of NVDAbearnings anticipation even though evergrande filed for bankruptcy after the market closed on friday

>>55906355
we're in peak clowning in the market right now
get out while you still can

>>55906359
cash is king until september ends. gl;hf

>>55906374
*gold

>>55906386
gold doesn't have the liquidity to buy the bottom, but you do you and never take advantage of opportunities because you couldn't do anything in time with your precious metal.

>>55906399
>buy the bottom
>of a full on crash
when your dollar is so worthless that an ounce of gold is 10000 dollars and a loaf of bread is $10 you'll get it
you dont "buy the bottom" of a depression, you invest in precious metals beforehand so when the depression hits you can sell at 10x and come out the other side with wealth

>>55906404
gold is a hedge, and hoarding gold will not save you in a SHTF scenario nigger, I will barter with you and put a bullet in your head when you are distracted and take your fucking gold.

>>55906408
>hehehe just like ebin new vegasarino!
not how reality works boss

>>55906412
I was in Iraq for 3 years, I know what anarchy is dipshit.

>>55906417
>i was in iraq for 3 years
then youre dumber than you sound

>>55906420
I would hedge your bets on that one.

>>55906423
>schizo exmil is an economic crisis away from murdering people for gold

>>55906431
here's your scenario: everyone is fleeing in a panic, gangs of looters are raiding every dwelling tearing it apart for supplies. You have two choices, sit your ass on your hoard like you are some fucking dragon and get murdered, or try to flee with only what you can carry. Now you can't afford to carry fucking worthless water or food or guns or ammo, no you gotta carry that fucking gold. When you need food or water you try and use that gold. Guess what happens the moment that anyone knows that you are dragging around a sack of gold?

>>55906336
aren't those all a pretty good reason to buy crypto?

>>55906439
okay if a nuclear Holocaust happens how exactly is fiat going to help?
because this is essentially what youre describing here

>>55906454
chink cash is what's staved off cryptos death since the crypto crash
Chinese market crash - dead blockchain

>>55906458
guns, ammo, medical supplies, water, food are the only things that matter until order is restored, and you don't know what that 'order' will entail. You will have to band together with someone and you will need something valuable to offer and gold isn't valuable to anyone but warlords.

>>55906479
okay but what does Amy of this have to do with an economic crisis?
the great depression didnt turn the world into mad max

>>55906503
I was just clowning your idea that gold will save you in a collapse, you got upset that your gold isn't what you thought it would be when you bought it. don't get me wrong, I doubt madmax shit ever becomes widespread, but it will be regional.

>>55906336
>china fud? China fud.

>>55906503
here let's just end this now, if gold is so great and fiat is so shit, why are gold holders always trying to exchange your fiat for there gold? is it altruism in 2023? lol

gold has an intrinsic value for use, but everyone wants to hoard it like medieval kings. It will never gain value it will always be tied to the the dollar. dollar goes up gold goes up, dollar goes down gold goes down.

>>55906336
SHOULD I SELL MY TRUMP NFTS????????????????