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/biz/ - Business & Finance


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56627307 No.56627307 [Reply] [Original]

I have $500k and a friend of mine has been repeatedly telling me the entire financial system is about to collapse and I should convert everything I have to physical silver and gold.

Is this really what's happening, or is my friend a conspiracy conservi-tard?

>> No.56627323

500k cash or assets?

>> No.56627339

>>56627307
no, but get a stack of 25-50k at least in case it does happen

>> No.56627368

>>56627323

Stocks and crypto

>> No.56627372

>>56627307
A little stack of gold sure, silver is for poorfags.

>> No.56627386

>>56627372
Yea, ok, see how that works out for you when {{I wouldn't worry about it }}

>> No.56627388

No one knows the future, nothing wrong with having a little bit of hard assets for an unforeseen calamity...that way you wont starve to death in the first week and can at least live long enough to suffer a little. If you actually think total financial collapse is a possibility, I would think guns,ammo,food, and water would be a priority. Failing to prepare is preparing to fail.

>> No.56627410

Your friend is looking out for you. All in on precious metals.

>> No.56627461

it's collapsing but dollars aren't

>> No.56627462

>>56627388

I have an AR 15 and ammo

>> No.56627467

>>56627461

Dollars aren't?

lol what? The FED is on the verge of collapse and oil is no longer being traded in dollars

>> No.56627471

>>56627307
He’s saying that because he will rob and kill you post collapse

>> No.56627512

>>56627307
$100k minimum $200k max
get some platinum too (no gold)

put the rest in LINK (and other cryptos, but mostly link)

>> No.56627541

>>56627467
you know literally nothing about macro economics but sure nigger a central bank is collapsing and oil isn't being traded in USD

>> No.56627546

>>56627307
Get gold, 0.1 bitcoin, some Eth and the usual
Silver used to be good but cheaper Platinum and Palladium appeared and slightly impacted the price

>> No.56627559

>>56627512
>put the rest in LINK (and other cryptos, but mostly link)

Don't listen to this asshole. If society is gone to shit, no one wants useless prime numbers on a computer.

Don't go all in to gold and silver right now. Maybe throw 10-20% of your liquid capital into it, and DCA up to 40% if you want over the next year.

You said you have an AR15, spend some money on some good classes on how to use it. That'll be worth more in a collapse than more metal than you can carry on your person.

source: firearms instructor with lots of metal in lots of elemental forms. As much as I'd like to see a collapse, I really do just plan to give my metals to my kids one day. Sometimes society limps along for a long time.

>> No.56627634

>>56627307
He's a conspiracy conservi-tard. However, with $500k to invest, $100 to $200k in physical gold would be wise. Central banks are filling their balance sheets with it, because all the foats are shitting the bed. It'll hold value well in uncertain times. The other $300 to $400k you can invest as you best see fit.

>> No.56627723
File: 1.66 MB, 290x290, 1695938777671302.gif [View same] [iqdb] [saucenao] [google]
56627723

Set your base first
>Have valuable trade skill or any skill for tough times to offer labor / service (not a bullshit job)
>Land
>Home
>Transportation
>Guns, Ammo
>Food, water
>Medicine

then

>Stack precious metals for barter
>Stack carton of cigarettes for barter(if you can grow your own, bonus)
>Stack booze for barter
>Pretty much any luxury item in this section for barter

This is not going to be a full blown thunder-dome mad max scenario, this is going to be very very tough times, society will keep on keeping on, but the fiat dollar will die, and price of bread will be 100k, gas 2000$ a litre, with people's savings stuck at 10k or less. People will be forced to barter, there might be some violence and stealing at first, but things will normalize to barter society with order established (localized governments) until they fix this shit-ass debt based bullshit with gold again, or a gold backed-digital system, where gold is once again king and dethrones fiat scam cash trash

>> No.56628981
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56628981

>>56627307
500k is easy all in on CRO anything else is NGMI territory.

>> No.56629011

>>56627307
in all cases you are better of investing in lead then in gold
for the bet that precious saves you only works in the case that government loses all control of the situation and when that happens security is your first concern
we already know the path ahead for the immediate future and that is controlled currency in the form of cbdc
the can totally dictate your allowed purchases and make the money expire after a certain amount of time, government is still firmly in control and will dictate the usage of their money in all stores
so when that happens your gold will be useless as every place (you) try to trade it into store available money they will levy harsh windfall taxes
the only way to ride it out if you believe the full schizo theories is to go off shore to places where there is already little central authority and the people are used to the conditions

>> No.56629019

>>56627307
crypto and gold/silver.

>> No.56629020
File: 22 KB, 554x554, IMG_2692.jpg [View same] [iqdb] [saucenao] [google]
56629020

>>56627307
Stack $GOYIM or be left behind

Web: goyim.army

>> No.56629028

>>56627307
I would put max 100k into pms
50k into gold. Get like 400oz of silver coins and the rest in platinum 1 Oz bars
More than that is overkill

>> No.56629150
File: 193 KB, 1000x875, bitcoin-silver-can't-end-the-fed-sm-5p.jpg [View same] [iqdb] [saucenao] [google]
56629150

>>56627307
>rocks
lol
your friend is probably a silver-jew
consider reporting him to the nearest moonman.

>> No.56629206
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56629206

>>56629150
Imagine being this much of a brainlet. You don't have computers without silver, you don't have crypto without computers.

>> No.56629213

>>56627307
All of it? No. Absolutely not, but maybe 50k of it, sure. 40k gold 10k silver.

>> No.56629214

I think I will give up on China as an excape option.

>> No.56629237

I've always found the way americans (including ones itt) see a 'collapse' as this mad max scenario hilarious. You'll slowly be working more, able to afford less and retire later. That's it. The shithole that I live in went through a violent regime change a while ago and for most people, the day to day life stayed pretty much the same.

>> No.56629367

>>56629237
Which shithole is it? Is it Afghanistan?

>> No.56629412

>>56629237
> You'll slowly be working more, able to afford less and retire later
So the collapse has already started. But this metric it’s been happening for the the last 40 years and has accelerated exponentially in the last 5
>The shithole that I live in went through a violent regime change a while ago and for most people, the day to day life stayed pretty much the same.
Because your shithole is irrelevant and its effect on the world stage is insignificant, borderline meaningless. If it happens in America, Europe, or China, the whole world is going to feel it.

>> No.56629484

>>56629237
Umm does your country have roaming BLM terrorists that do billions in damage and destroy trillion dollar cities?

>> No.56629491
File: 804 KB, 2048x2048, bitcoinman.png [View same] [iqdb] [saucenao] [google]
56629491

>>56629206
>prices do not matter because uhhhhhh blurpprpprprprprpprprpr
ok retard

>> No.56629509
File: 113 KB, 640x606, average-silver-buyer.jpg [View same] [iqdb] [saucenao] [google]
56629509

>>56629206
>prices do not matter o-ok?

>> No.56629631

>>56629237
but america is different from your shithole in that america has for almost 8 decades now drawn in the surplus of most of the globe into itself and built its entire society based on that generous stipend
being suddenly cut off from it will have an outsized impact
simplest example being the long distance drives in almost every aspect of an amricans life that your shithole doesnt have

or to put it shorty if your shithole is only barely elevate then a fall will be short, but if you were high on up there the fall will hurt so much more
and before you begin furiously pounding your keyboard i am writing this as not an american but someone that also lives in a shithole

>> No.56629664

>>56629237
Everyone over here would kill each other if given the chance. The whole nation is a powderkeg. It's bad.

>> No.56629681
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56629681

>>56627307
the silver chart looks roughly the same, btw.

>> No.56630250

>silver
Trash. Good for poor people who can't afford gold only that it has none of the uses or value. Just gold is enough.
Property is the best choice.

>> No.56630411

>>56627307
never go 100% into anything always have a back up

>> No.56630423

>>56627541
kek yeah everything is fine were not at the end of the fiat cycle

>> No.56630443
File: 111 KB, 676x643, 1683309275899584.png [View same] [iqdb] [saucenao] [google]
56630443

>>56629491
>>56629509
BTC can go to zero, fork, have 51% of the network increase the supply. PMs don't do that jackass.

>> No.56630458
File: 573 KB, 1080x1239, Silver MaxChad.png [View same] [iqdb] [saucenao] [google]
56630458

>>56630250

>> No.56630504

>>56627368
Your friend is a schizo

>> No.56630509

>>56627307
Only gold if you are putting 100k or more

>> No.56630532
File: 148 KB, 512x512, oyvey-buy-metals.jpg [View same] [iqdb] [saucenao] [google]
56630532

>>56630443
>BTC can go to zero,
you *can* die in next 3 seconds, that is possible.

>fork
>have 51% of the network increase the supply.
happens like 3 times a day
no one cares
fag

It also can quadruple your money every few years
>PMs don't do that jackass.
yeah

you in pic

>> No.56630690
File: 100 KB, 400x635, 1699635368874586.jpg [View same] [iqdb] [saucenao] [google]
56630690

>>56630532
You in pic.

>> No.56630726

>>56630532
sure if you want to speculate in the fiat market okey you wanna lock in your wealth forever you go shiny rock way or maybe just maybe you can combine the two nah thats fricking crazy never diversivy ever its the smart thing to do your a fucking nigger Harry

>> No.56630755

>>56630532
> It also can quadruple your money every few years
And how many times has it quadrupled your money, Schlomo? Do tell.

>> No.56630934

>>56627307
Silver is slowly becoming less a PM and more an industrial metal. The jews will never take their foot off the brakes of the paper market. Silver and even gold for that matter has not been able to compete against inflation. Use that money to buy some quality acreage

>> No.56630957
File: 106 KB, 500x749, 1697678861818753.jpg [View same] [iqdb] [saucenao] [google]
56630957

>>56630934
>becoming less a PM and more an industrial metal
Which means the price discovery against paper silver has a much higher chance. That makes gains on silver all more attractive.

>> No.56630990

>>56630957
Yea one of these days. ONE OF THESE DAYS

>> No.56630989

>>56627307
Your safe haven is with Qanplatform anon. Why? Because it is quantum resistant dumbfag and decentralized, that's 2FA

>> No.56631025

>>56630990
It's inevitable. The question is will it happen in our lifetimes or will we pass that opportunity to our children?

>> No.56631101

>>56631025
What a dumb cope. Better idea: lets print on something we KNOW is going up NOW.

>> No.56631131
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56631131

>>56627307
>>56627339
This,10 to 20% in stuff like this is fine if you like collecting it anyway.

Just buy stuff you enjoy that's not far over spot. e.g. some gold kronen, kruger, platinum maple & britannia etc. and a box of silver (maple, britannia or kangaroo coin boxes).
Large bars can be fun but a single 100oz or 5kg one is sufficient for playing with, they are not cheaper than smaller stuff and inconvinient unless you stack large quantities.

>> No.56631191
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56631191

>>56631101
>Better idea: lets print on something we KNOW is going up NOW.
>NOW
Imagine having this zoomer mentality and thinking you'll make it. Read picrel.

>> No.56631419
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56631419

>>56630755
>>>56630532 (You)
>> It also can quadruple your money every few years
>And how many times has it quadrupled your money,
2010 - Bitcoin for 1$
2023 - Bitcoin for 30,000$

do the math, jew

>> No.56631491

ur friends kinda ret, silver and gold will be replaced with crypto / defi when the system inevitably shits itself.

>> No.56631554

Why would you buy precious metals? If the society will collapse on that level you're better of buying guns and ammo. I dont give a fuck how much gold you have when I just take it with the threat of violence.
Violence is the only universal currency.

>> No.56631777

>>56627723
lots of good info here.

if there is a collapse food, water, guns, ammo, and other basic supplies are a better investment. gold and silver will hold value but you're still going to have to eat, drink water.

if I was starting at 500k with nothing i'd spend around 25k on food, water, supplies, you do have aleady have a rifle and pistol with a couple thousands rounds of ammo don't you anon? if not fix that. Put 25k each into gold, silver, cash. leave the rest alone, if the collapse doesn't happen don't screw yourself over.

>> No.56631786
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56631786

>>56631554
A Jew inciting violence?! Say it ain't so...

>> No.56631825

>>56627307
How does he see the collapse happening? Does he think everyone that has a job in finance/economics will just give up and go home instead of trying to rebuild?

>> No.56631828

>>56629237
>preparing for such as event is a waste of time, resources and stupid!
>but also i admit this event is actively happening

seems like you're on the right track by admitting its already happening. its not too late to get ready. while i agree with you it wont be the end of the world things like violent crime and going to bed hungry or getting clean water are legitimate concerns.

>> No.56631871

>>56627467
>oil is no longer traded in USD
Do you get your news from retard dot com?

>> No.56631883

>>56629020
Your website is gone lmao

>> No.56631931
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56631931

>>56630411
You are right about this. That's why half of my assets in QANx, the other half is divided amongst BTC and usdt

>> No.56632585

>>56631786
I am not inciting anything. In the proposed scenario your precious metals aren't worth anything, bullets are.

>> No.56632731

>>56627723
>Guns, Ammo
Overrated IMO.
You really only need a 12 gauge and a .22 LR. That covers all your needs for hunting and self-defense.
Maybe 1000 rounds of .22 and 500 of 12 gauge.

>> No.56632796
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56632796

>>56632585
So you're retarded with no amount of self awareness? Got it.
>>56632731
If you're European, that's understandable. If you're American and you don't own a 12 gauge, .22LR, a 5.56 or .223, a .308, a 9mm or .45 and a .38 and or .357 revolver, are you even a real American?

>> No.56632921

>>56627307
your friend is a prepper

>> No.56632958

>>56632585
what is wrong with you simple niggers? serious quistion

>> No.56633102

>>56627307
Your friend is slightly retarded for advocating to put everything in it.
I have a lot more than you and am going to work my way up to getting 35% of my wealth in Gold/Silver/Platinum 50/25/25 share.

Gold because yes the US fiscal budget is a mess, a debt spiral is possible which means that they will have to issue more and more debt to pay the interest on the debt till the treasury reserves (read: gold) become valuable enough to make a dent in the US debt fiasco.

Silver because the gold silver ratio is like 87 and when the gold bull run nears it's end retail is going to scratch their head and think, i cannot afford gold, better buy silver and push the gold/silver ratio down to like 30-40, maybe lower.

Platinum because russia produces 20% of all platinum and South Africa like 65% or so.
Both countries are a mess.
South african production is nearly all from 3 companies Amplats, Implats and Sibanye.

They all fucked up mining the shit out of their mines when palladium and rhodium was soaring high.
Now that those crashed, the mines are unprofitable.
Sibanye is laying off 4000 workers.
Implats is trying to lay off workers.
Platinum production will implode till price rises.
At the same time Toyota is continuing its hydrogen (high platinum) push.

>> No.56633222

>>56627307
500K
You could throw 5K at some silver, 20K at Gold, and be ok.
Silver, I'd recommend just going for mercs and pre 64 quarters...aka Junk silver. American Silver Eagles have insane premiums, as of now. Hell, even a woman at an estate sale, wanted 75 bucks for 1 American Silver Eagle... and told me she could look it up, and it was selling for 80... I was like, I get them on Proxibid for 30 to 30, which is still a high premium on an ounce of silver, in my opinion.

>> No.56633261

>>56633222
30 to 40... derp.
Still, I think 5 or 15 over spot is still ridiculous.
I would have met her in the middle at 35, because I wouldn't have to pay shipping or taxes.

>> No.56633292

>>56633222
ASE premiums are down lately.

>> No.56634007

>>56627307
Yes you should convert to physical silver and gold so that you immediately lose 20% of your money and then lose money over the coming years to inflation.

>> No.56634180

>>56632585
not worth anything, but ill take your life for it

>> No.56634601

>>56627307
Put 1k into XRP if nothing else.

>> No.56634761
File: 942 KB, 690x2000, your gold is worthless but....jpg [View same] [iqdb] [saucenao] [google]
56634761

>>56631554

>> No.56634782

>>56634761
Holy based.

>> No.56635016

>>56634761
Based

>> No.56635082

>>56627723
>Stack precious metals for barter
Retard. Oz of gold buys a ton of rice now, you think you'll get 2000lbs of rice for your shiny rock in a collapse scenario? If you actually think a full collapse is in the cards you should be vacuum sealing tons upon tons of food in mylar, the value of calories would go parabolic in a collapse

>> No.56635096

>>56629206
You don't have it without silicon either, better start stacking sand!

>> No.56635138

>>56635096
Ans what are the connectors on those chips plated with? Sure isn't BTC. Moving the goalposts makes you seem ignorant.

>> No.56635343

>>56627559
I’ve met guys like you at uspsa events, you are a retard and on steroids. Potentially also schizoid personality disorder.
>t. someone who is not retarded

>> No.56635481
File: 96 KB, 452x800, 1693085430305823.png [View same] [iqdb] [saucenao] [google]
56635481

>>56635138
>you can't have x without y so y must be worth infinity dollars!
literally unironically your argument. there are no scenarios were gold (let alone the OG shitcoin: silver) outperforms a barbell strategy of BTC/ammo/bulk calories.

1) continued debt fueled inflationary melt up: BTC continues to act as a leveraged short of fiat until full capitalization ($15t-$200t in current dollars), while gold continues to act as a -1x of fiat, and silver acts as an industrial metal.
2) lights go out and never come back on: BTC goes to zero, ammo/calories go parabolic, shiny rocks drill through the mantle in real terms

The problem with you metal fetishists is you believe in ridiculous things like "inherent value", there is only subjective value. Oz of gold is worth a ton of rice now, but it'll be worth a 25lb sack of rice in a total collapse. Farmland goes for a couple off ounces, you think anyone will trade you productive farmland for a few gold coins after a collapse?

>> No.56635528

What does the Moodys shit do to the markets?

>> No.56635688
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56635688

>conspiracy conservi-tard?
OP showed his hand and you all still replied...

>> No.56636416
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56636416

>>56635481
>infinity dollars
You're a faggot.
>>56635688
>being a libtard in 2023
Why do you want to be on the wrong side of history on purpose?

>> No.56636903
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56636903

>>56627307
AnY dAy GuYZ! SILVER 10000000000000 DOLLARS AN OUNCE! Buy shitty nigger token Verigaysium made by a gay schizo nigger listing it on a shit scam site claiming he invented De-Fi LMAO.

>> No.56637098

>>56627307
>t. Living in hyperinflation
Stack crypto AND metals
Get silver , it's more divisible than gold for day to day transactions
Monero is digital cash, sound money safe mode
It's what people think Bitcoin is and makes (((keynesians))) seethe

>> No.56637106

>>56637098
Hoard food/meds/ammo

>> No.56637644

>>56636416
You really this retarded? You're the crowd saluting Hitler in his Mercedes of the present day. You unabashedly go along with tyrannising all non-believers and your cult is nothing but hypocrisy and lies. You're a loser whose behaviour and world view are propped up by nothing more than violence.

>> No.56637688

>>56631419
And how much have you made on it?

>> No.56637890

>>56631554
if society collapses, anyone trying to steal will be lynched. crime will literally drop to 0% and we will barter with precious metals.

>> No.56638150

You doomers are so fucking retarded it's unbelievable

>> No.56638461

imagine not having 100k+ in PMs before the 100-year anniversary

>> No.56638571
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56638571

>>56636416
>arguments: none
>>56637098
>buy shitcoins
No.

>> No.56638813

>>56635481
just sold all my gold to buy rice, thanks anon

>> No.56638890

>>56629412
>But this metric it’s been happening for the the last 40 years and has accelerated exponentially in the last 5
YES. Now you’re getting it.