/biz/ - Business & Finance

>>57750152

Then sell it and invest the proceeds into stocks, crypto, or real estate.

>>57750160
I am waiting forever to breakeven. You immediately lose like 10% if you buy physical gold

>>57750170
if you keep waiting you will keep incurring opportunity cost. Better cut loss now while gold is still close to ATH

>>57750190
Yeah it sucks. Want to kill myself to be honest

>>57750198
>Want to kys over a measly -20% loss

>>57750170
If you're paying a 10% markup for gold, you have nobody else to blame but yourself.

>>57750170
>>57750190
Gold isn't for you guys.
I will literally explain the scenario that 99% of gold's market is in.
You are either a central bank and you print money and buy it.
Or
You have a multimillion dollar portfolio, real estate, companies etc... and you have 10k-200k a month of disposable income and you take a look around and see the fucking dumpster fire of an economy which is relying on credit alone to function now, becoming more and more unsustainable while the distortions caused by this runaway debt has made the assets/income ratios make the average person feel like a slave.
So now you have rampant socialism and you buy a couple bars and throw them in a safe you called some guy in last month to install in your wall or the floor of your closet, and you don't give a fuck about it after you've spent 200k on it. Now you have it there and you're good to go. It sits next to a handgun, your family's second passports and some documents and you don't give a fuck.
You don't think about it anymore.
The kind of people that should be buying gold are the kind that should literally forget how much gold they have. It's not producing income. It isn't in currency anymore... it's an asset which beats the S&P500 with dividends re-invested (25 years now) and you're pretty sure the indians and chinese will completely understand you when you tell them it's money.

Gold is for rich people. You aren't going to get rich buying gold. You are going to get rich doing things for other people in exchange for gold, or producing something that you can charge a high margin for and leverage that out.

Silver on the other hand is speculative and industrial and you can define it as an investment if you like.

Gold is not. Gold is like the handgun or the passport. It's useful and you might need them.

>>57750246
what is useful about gold? Bullshit

>>57750273
You're right, it's useless, which is why you should probably throw yours in a river and then hang yourself. (I know I would if I was stupid enough to pay over 5x the usual markup for gold bullion)

>>57750292
Buy a 1kg gold bar and then immediately sell it back to see how much markup you really paid

>>57750305
>buy a stock and then immediately sell it back
>oh geez I lost money on transaction fees, how could this happen to me?
>it must be because the stock is so worthless
Imagine being this much of a drooling retard

>>57750273
Literally one of, if not THE, most useful metals known to man.
The fact we're even having this retarded back and forth right now is thanks to our computers.

>>57750152
Join us

>>57750323
Just your typical transaction fees...

Buy 1 kg today: € 61,801.63
Sell 1 kg today: € 57,766.53

>>57750381
6,53% loss on your entire investment instantly

Wild

>>57750355
I missed the train :-(

>>57750152
its not an investment its an insurance policy

>>57750399
That is just a disclaimer slogan but it is not an insurance it is just a bad investment.

>>57750391
You can buy gold AT SPOT if you take literally 5 minutes and find a supplier online.
I have been offered gold for LESS than spot this year, because the refineries offload the scrap jewellery they have due to cash flow problems.
You can literally make money buying fucking gold and reselling it at the market price two seconds later
>>57750397
Make money first then buy stuff you want

>>57750432
>Make money first
Blow me away, never thought of doing something so radical. Thanks!

>>57750246
This. Gold is safety, not an investment.

>>57750152
Well, investment always includes a risk
Thats why you need to do small investments on small coins like $TROLL for example, wait for a x2 bump, sell and fuck off with the profit before the inevitable dump happens

>>57750381
>First rule of investing is... idk buy low and sell lower???? Help me guys I'm bad at this

>>57750152
>bought at the top
retard

>>57750170
>10%
So you bought like 1/10 ounce or what?

>>57750152
Gold is safety, gold feels good. It's nice to have it under your ass, knowing you have a "physical stable coin". If you don't like your gold, give it to me, I'll take care of it for you

>>57750381
You're supposed to hold it for 5-10 years at the very least, and better if even for longer. Gold is there to freeze and conserve your money with some interest, and you should only sell in case you desperately need money

>>57750152
>>57750152
Gold isn't an investment, it's a safeguard against the collapse of the fiat system.
Once you made it (8 figures) you buy a few bars to sleep better.

>>57750170
Bro just sell it above spot price. Also what >>57750243 said, never buy over like 4% above spot price.

>>57750152
If gold is your worst investment ever you've never invested in anything else.

>>57750919
I dont know what these tards are doing. I bout 10 oz of silver for 140$ then sold it for 200$ 2 years later. I thought it was a solid investment.

The new financial system will be backed by commodities, gold will be one of them.

>>57751174
Silver is good, too. But it takes a lot of patience for it to pump, and it seems to me like you are lucky. Nice for you!!!

>>57750246
gold improves the risk adjusted returns of an equity portfolio, it's still the right idea to hold some even if you are not megarich

>>57750152
me too amk

>>57750152
gold would have to have been an investment in the first place for that to be the case. we goldfags all were knowingly participating in a shiny rock collection without expecting it do much other than kinda be a mediocre hedge against inflation. Its like a social club for us and we get to laugh at the silver untermensch

>>57751765
>Gold/Döner Index

Holy fucking based

>>57750381
that is a 7% spread
the major gold bullion dealer in my city has a 2.8% spread
don't be a goy lmao

Gold is not supposed to be an investment. It's an insurance policy for rich people. 3-5% of their portfolio in gold just in case the financial system were to unwind, to ensure that they're still in a good financial position. Billionaires obviously need much less than 3%. No rich person wants to hold gold, but not having the insurance is reckless.

Anyone who holds gold to get rich is a fucking idiot

>He invests into Gold during one of the most insane bull-run periods ever
Are you just straight up retarded? You can make more money holding NVDA for a week than holding gold for a decade. Come on bro, get it together.
If you are gonna go for a physical asset, buy something actually useful which you could sell right at the spot... like a Rolex (just giving an example, I hate watches myself)