/biz/ - Business & Finance

Things are getting spicy

>>58258634
Why on earth would you want anything with old diabetic sausage nonce fingers on it?

>>58258664
I hate Chuck too but I got into PM's too late to have Liz on the reverse. The ship design was just too hard to pass up for the price at the time. I think the bar was about $180?

Did iqdelet ever tell us how many clot shots he took? We already know that dumb jungle nigger happily lined up to take plural of them.<div class="xa24desu"></div>

why my pic in the April fools edition

you know what to do

>>58258762
Ballsy of the mint to pick a slave trading company for the reverse given the uproar over Floyd's overdose

>>58258664
I bought a roll of his coronation coins.
Thought they may become collectable the way things are going.

>>58258879
Hopefully it'll pass to William soon and we can get some hot kate Middleton editions

btc be crashin
metals goin up
yeah
btc be crashin
metals goin up
yeah

>>58258864
Ballsy of you to make such a retarded post

Also sidenote, IQ is pissing and shitting himself again. Should be a good month

how do I stop fondling my "junk"

Silver is hitting $26 and gold can't stop going up either

>>58259344
Gold has been unstoppable for months now it’s silvers turn

What happened to the Apu pirate rounds?

>>58258602
I swear to god guys, I'm about to sell something in about 6 weeks time and I was going to buy Silver with all of it and it's a seriously substantial financial stunt for me so if the price keeps moving i'm going to be very upset about losing the cheapies.

gold is quite comfy lately boomeros

hello /pmg/ frens. is gold primed to pump? something tells me it is

>>58259861
It's unironically over and there's nothing we can do about it.
Good luck frens

>>58258879
Lmao, there truly is a fool born every second

>>58259861
Yes. If you don’t have comfy stack levels by now you will never make it.

i love my /pmg/ bwos we pussy magnet gang

Yes silver is hitting 25.50 now but once you factor in taxes and 80% premiums you actually made nothing at all.

>>58260938
>despite losing 80% of its value every day, silver lives 100% rent-free in cryptokiddies' heads

>>58261052
Yes, I seethe daily with impotent rage because you low iq racists choose to buy useless rocks instead of assets with intrinsic value like doge coin or pregnant butt internet tokens.

>>58261092
It's a given.

>>58260938
It's true, none of the retards on this incel forum made a profit on silver...their average loss is 80%

>>58260541

>>58258706
holy clubbed fingers batman.

>>58258949
I imagined that green heart shape crystal was her but plug. I think i need jesus.

>>iqdelet
You will never have a white son.
You willingly took a poisonous gene therapy. Your life is spent seething. You are invisible to humanity. Your efforts here are as fruitless as my shilling fDuck.
You are a fucking golem. Your brokerage account is four figures in what is that shithole you live in? Sri lanka? Id wager that because you're a brown Asian, the ladyboys there don't even give you a second look. Post your trustwallet address and I'll send you some Fantom, fucking poverty boy. The shack you rent won't save you from being a slave. You don't own any weapons. You have sticks and rocks like the third worlder you are. You don't even like the shiny rocks because you're a shitfucking mongoloid rape baby, probably a product of a c-section and never bonded with your mother. She wouldn't feed you any tit. You are fluoridated. Your pineal gland is calcified. Your once full head of hair is slowly receding and still you find time to waste posting here instead of buying finasteride. Post your fucking stack of PSLV, you fucking... Youre a liar. That's really the worst part.<div class="xa24desu"></div>

>>58260430
What is a comfy stack level for you anon?

>>58260541
uWu

>>58263956
I'm glad you ask, dear friend
I have a chart to let you decide for yourself<div class="xa24desu"></div>

>>58264139
According to your retarded spreadsheet the right amount of garbage rocks is zero.... LMAO imagine being so poor you deal in $20 gunks of garbage. When I gift metal it's gold, I handed out seven gold coins today to a business acquaintance to grease the wheels plus this book. Lmao stay poor chuds at least work a few shifts at McDonald's so you can buy 10 kilo bars of garbage rocks and use them as a doorstop

>>58264531
Holy shit bro are you okay? You are NOT supposed to be posting metals in the metals thread

Fugg forgot my rock

I'm getting a new job next week and I want a little money so I'm gonna sell one of my gold coins today.
I have a 1/4 oz pure gold coin how much realistically would that make me.

>>58265108
Bout $250

>>58265124
eh better than nothing I'll take it

Do you guys every calculate what your stack is worth at a given point in time?

>>58258602
Gold & Silver number go up
Looks like we just can't stop winning bros!

>>58265108
https://www.goldeneaglecoin.com/topProducts

>>58265176
Usually once a day, twice a day when number go up

>>58265176
I just have a portfolio tracker app that I add ozs to when I buy. Did an audit of exactly how much I had a few weeks ago since I sort of lost count.

>>58265176
Why calculate when no matter what it’s always negative 80%?

>>58258783
>>58258979
>>58263877
>”IQ”
Please shut the fuck up and stop ruining pmg with this nonsense. Giving the enemy a name is giving them power.
Learn how to ignore him like the rest of us don’t shit up the thread with this whining.

>>58265254
>>58265264
Ah really? I never really bothered because I honestly just like shiny coins and have faith that they will just stay valuable no matter what.
>>58265304
Ok I just had a quick calculation but my stack as tiny as it is still has a 30% increase. So I don't really understand where you are coming from.

>>58265176
I have a spreadsheet with all my purchases on it. Enter the current spot price and I have a good idea of the stack value. I have a mix of junk, rounds and coins, so I consider it a ballpark figure.

It's mail day.

>>58265324
post metal.
>Ruining
/biz/ was always bad
How new are you exactly? Do you remember snacks, linetrap, ron paul/b/ or bill kaulitz posting? What about Millhouse not being a meme?
You sound like a fucking boomer. Go back to Gaia, newfag

>>58265326
Sure, they'll pretty much stay valuable no matter what.
But circumstances may easily drive up spot enough to double or quadruple their value.
Of course I accept that a good part of the perceived increase in value is merely due to dollar devaluation. But whatever. I can still use it to great advantage, because of reasons.

>>58265478
>ron paul/b/
Take me back.

>>58265478
I just asked you to stop shitting up the thread with troll feeding. You don’t need to attack me.

>>58265478
>snacks, linetrap, ron paul/b/ or bill kaulitz posting?
I've only been on /biz/ since about the time /pmg/ started. I don't have a memory of those things you listed.

>>58260129
Meh, I have a comfy stack.
Now I just collect whatever I feel like.
Thanks for your concern, sport.

>>58265527
And they’re completely irrelevant.

What buy: 1 gram or 1/10oz gold?
can't say both, must choose

>>58265454
Just like Christmas

>>58265583
Woo hoo nice Franklins

>>58264946
Based turtle poster

>>58258602
>Want to invest in precious metals
>I'm a blacksmith by hobby
>Keep making and casting stuff then selling it for no real gain or hoarding/wearing it

I made a new tier today in honor of "line go up"

>>58265575
>must choose
1/10. A 20Fr or 1/4oz would be better. I like the Swiss ones.

>>58265896
that's retarded, doesn't even have PMs in it

>>58266007
You clearly don't manage your money well enough if you don't know which class you fall into. I enjoyed this one thoroughly.

>>58266027
You clearly don’t stack or speak English. My complaint wasn’t remotely related to not knowing where I fall.

>>58266055
>"I needed more time" stacker detected

>>58266105
bot detected

>>58266105
more like "Awakened Normie", at best

>>58265497
Holy fuck kid
Lurk moar.
>Shitting up the board.
Post fucking metal bro.
Iqdelet has posted more fucking metal than you, hypocrite.
I'm from an era when you had to scroll and remember post numbers.
Epic threads had to be manually archived.
WHEN I WAS
caturday, etc
It is fucking relevant. The amount of SHIT you had to get through IS board culture.

methinks the lady doth protest too much

just spent 300 bucks preordering this coin. what do you think

>>58266123
lmao nobody cares how much time you've wasted here
>WHEN I WAS
caturday, etc
Did you just have a stroke?

>>58266133
you're brown

>>58266158
They look neat but I really think people need to be careful on how much money you waste on novelties. Maybe a dollar or two of extra premium for a coin is ok. But you left a 10oz bar on the table for a 1-2 ounce coin? Complete madness.

>>58266204
it's 2oz, and pretty sure i can flip it for a profit if i so desire.

>>58265108
>>58265124
I made $460 on it in the end

TO THE MOOOOOOOOOON! WAGMI BOYS!!! FUDFAGS SEETHING!

>>58266301
A 1/4 ounce gold maple is going for $623 right now. Did the guy kiss you at least?

>>58265575
20 franc.. Suck it up buttercup. Never buy smaller unless it's junk

Just checked the gold price for the first time in years, glad to see metals winning
How’s my favorite general been
>t. Started stacking under $1400

>>58266187
>nobody cares how much time you've wasted here
Wrong.

>>58265858
>selling it for no real gain
Really? i used to sell pours on Reddit for well over spot, it was literally free money (this was back a bit ago when I had much more free time, I’m not sure how it is now)

>>58266158
If I ever git gud at casting I will make waifu statues out of sterling.

>>58265896
>I dont know what level I sit in

>>58266516
then you care too much
plebbit has usernames and updoots for people like you :)

>>58266569
No. You don't get it, and that's why we tell faggots like you to lurk moar. The evolution of the board culture is something outsiders can't understand. We can smell you from a mile away. You stick out like a big fat hooked nose.

WHOHOOOOOOO

>>58266417
I wish.
But it was a girl.

>>58266592
I do get it, you're the tribal boomer who lives here. Just relax my King of /pmg/

>>58259091
You shouldn't, it's good for you. Your hands will even be cleaner afterwards.

>>58266187
nice stack, nigger.

>>58259091
I cant stop either. I like looking at the dates and the wear patterns. The halfs are my favorite

>>58265176
im up a couple grand

>>58259745
They are two years out

>>58264139
>330 Oz silver to be 1% tier
Hell yeah, brothers! We're all gonna make--
>69 Oz gold for the same
Pass the copium bro, I'm not gonna make it...

>>58265858
I get hoarding, but how are you casting and not making money hand over fist? You could do a not!Baby Yoda or whatever is en vogue now for a 3x easy.

>>58267090
we stack silver because it's an underutilized play. it's like a penny stock, but the best one there is.

Let's say the SHTF situation happens and Silver moons to $10,000. What is your gameplan? Do you just hold forever, sell 25%, sell 50%, cash all in and buy gold?

correct me if i'm wrong, but gold pumping at the moment is a direct result of the multiple money printing runs that occurred after covid right? money printer went brrr, inflation was created, and so gold isn't really pumping but actually going to where it should be because no more money printing runs are on the menu.
doesn't this also show how fucked things are? gold shouldn't go up so high so quickly unless something is wrong...how are people not worried about this?

>>58267236
Every time there is a dip in BTC, gold will raise higher during this bull run. Gold historically raises as more money is printed, but psychologically it needs a reason to do so. It's way behind the times right now, there is a lot of kinetic potential

Every time I see one of these silver tier lists it's like "You get 50oz and you're kind of set". I impulsively bought over 50oz within a week of visiting these threads regularly.
It cost what I get paid in like half a month of great work at a job I love. I used crypto I found leftover from an airdrop to buy it and I've never looked back (thank you Optimism).
Am I really in the yeoman tier out of sheer luck? Have I fallen into the post-collapse middle class accidentally? All of a sudden I feel responsible.

>>58267230
What has gold done? I'd cash some out to get a well-provisioned property and maybe some extra to live the feudal--excuse me, landlord--life later, but what happens to the rest depends on what my other shiny is doing.

>>58267230
how much does a loaf of bread cost in this scenario?
how about a house?
can you buy these things directly with silver?
lots of factors to consider and there's not a clear answer

>>58267230
>Silver moons to $10,000
>What is your gameplan?
Assuming it's in real terms, and not a USD collapse, I would convert it to land, assets, and businesses. It's all about power, not USD. Imagine owning 2000 acres of productive farmland that you can then lease out, or owning half of the businesses in town on main street. That's power. USD is perverted power. It's seen as power by the retarded, but real power comes from influence. USD can only buy influence for those that choose to leave the wool pulled over their eyes.

>>58267260
>Every time there is a dip in BTC, gold will raise higher during this bull run.
explain this correlation to me. as far as i know, someone interested in gold (me) has no interest in BTC. maybe i'm an outlier and gold stackers are also shitcoin stackers, but who is moving back into gold when btc dumps? also at what volumes? doesn't really make sense to me.
i'm aware that many central banks are buying gold, so the demand side exists, but to this extent? only analysis i can make of it is just that we live in a (relatively) high inflation period and all nations still believe gold is the best protection against fiat...so they ironically both causing the value of money to go down (ifnlation via printing) and gold to go up (slurping the safe haven asset with the money they print).

>>58267413
I don't know if there's actually any correlation there, but your thinking is fundamentally flawed in that you're evaluating the situation as a stacker rather than as a trader or, better, a trading bot programmed by a trader. Belief in or desire to own the underlying asset isn't necessary, just profit.

I got rugged.

>>58267310
a loaf of fresh baked bread would cost $4-5 dollars rn,and a silver quarter cost around $5 rn,so if silver mooned to $10k a loaf of bread would cost $1800 but can still be purchased with a silver quarter, crazy to think about that

>>58267465
>so if silver mooned to $10k a loaf of bread would cost $1800
I don't think it's that simple to calculate. Silver might "moon" for a variety of reasons, not just the collapse of the dollar, and the price of bread might fluctuate based on supply chain issues.

>>58267230
If that actually happened, my house would probably be worth $2 million by then because almost every other commodity or hard asset would have also mooned with inflation/currency devaluation.
But my mortgage principle balance will have remained the same.
Therefore I would be able to pay off my entire mortgage for ten ounces of silver.
This is one scenario where having old existing debt with at low interest would pay off big time.
Suddenly, it feels good to be $100k plus in debt!
Debt-free chuds just wouldn't understand

>>58267294
i wouldn't take these meme tier lists too seriously, they are exactly that, memes

>>58267519
based Mario bros 3 enjoyer

>>58267294

>>58267413
Smart money is using the BTC pump to exit and slurp up other assets. BTC price is the function of cheap credit and any sense of danger to the credit markets will have people selling off. Or in the case of a major market crash people will be liquidating BTC to buy up stocks that pay dividends or gold or silver. I don't think people actually want to own crypto for it's own sake and use it as a trading vehicle for the volatility.
A collapse in the value of credit is going to be so devastating because literally EVERYTHING is impacted by the price. So ripping it out is going to make us all materially poorer. Much of America's imports, $700BN, is literally bought on credit. Think about what would happen if we had $700BN less goods to consume what would happen to America. A crippling inflationary deflation would fuck us all in the ass. I don't think in that scenario people will be all that happy to own BTC. I think they will be trying to unload it for literally anything as you will look just as silly trying to transact in BTC after a credit collapse. Crypto hoarders without PMs will be in the breadlines. That is not to say that 3-5 years afterwards crypto won't have its uses again. But the entire globe consuming 100% of its capital in a debt financed consuming frenzy is going to require DECADES of savings to rebuild. Hence you want to own the scarce, value-dense metals as the cost of oil, manpower to extract cheap metals will be through the roof and will push the prices of PMs even higher.
PMs contain the value of the metal themselves, and being a finishes product, has a built in amount of labor and oil which you will profit from as well.

>>58267498
im basing that off a silver quarter value around 1800, mabye if bread went higher you'd need a silver dime to go along with that but the value remains the same only the paper value changes

>>58267413
Fear = gold demand

>>58267562
this one is great but I think a dragon tier would be more appropriate than "old man" since there's a "lizard" and "komodo" at lower tiers

also that last picture is a wedding band metal comparison i'm not sure if that really makes sense

>>58267519
>implying debt-free Chads wouldn't just buy new assets outright while you're stuck groveling to the jew debtor that you're enslaved to.

>>58267635
The reptilian references are kiddie-tier. An old man will have matured beyond those games.
Point taken on the bands. The intention was to show there are many forms of gold to satisfy aesthetic desires as well as stacking wealth. Perhaps too subtle.

>>58267658
>>implying debt-free Chads wouldn't just buy new assets outright
At inflated prices.
House today worth $200k
When silvers at $100+/oz, the same house wil be worth $1million.
So go ahead, buy that $200k house for $2 million,, lol
I told you, debt-free chuds don't understand this at all

>>58258879
Me too, got the gold one as well. If the old nonce croaks it will be a good investment

>>58265264
What's the app?

>>58264139
>With just bullion I'm in the 2% range
>Adding in constitutional silver I'm in the 1% range
Feels good man.

I want a 20oz bar with the revers of the 1914 20 dollar bill. My /n/tism demands it.

>>58267827
That's a lot of constitutional.

Silver about to break $26 mark any minute now.
Hold on to your butts!

>>58266158
>$300
Damn Anon. What do you do for a living?

>>58265896
I'm an "Awakened normie", officer.

>>58267940
But I need the metals tamped until October. Last time I ask, promise.

>it keeps going up

Why won't they tamp? Is it over??

I'm scared bros

>>58266158
At least this one is 10 oz. Right?
Right?

>>58268043

>>58267724
Oh, you're talking about hyperinflation, not silver mooning. In that case, it doesn't matter what asset you have. Silver wouldn't make a difference, you could pay off your paper mortgage with a pack of bubble gum. Don't be retarded.

>>58267977
Not him, but I'm a professional glowfag detector.

>>58268043
After all the fake hype of "triple digit silver soon" the past 5 years I find it hard to believe believe silver will do anything special, or even go beyond 30 at all.

rough draft of an idea for an infographic/meme

>>58268245
i like it. weird that one image on the left has no corresponding image on the right though. and better centering will be a small improvement.

>>58267724
That's not guaranteed by any means. Real estate has huge risk from the bond market. If you get into a 'Soros breaks the bank of England' situation where inflation and interest go up sharply at the same time, land values get obliterated in real terms.

>>58261092
>asset
>pregnant butt internet token
This has to be a joke right?

>>58268231
Beyond 30$ is nothing special historically.

>>58267465
>loaf of bread 1800
>crazy to think about

>>58268157
Does it pay well? Where can I apply? Is there a silver retirement package instead of a fiat one?

>>58268286
yea I don't know what to do yet with that one image and centering definitely needs work, thanks for the feedback

>>58268480
which dragon is better?

>>58268495
>which dragon is better?
This One, Fuck that ai filth.

>>58268584
it's for a stacking meme relax

>>58268495
this one has more detail on the gold but the gold looks like a bunch of coiling snakes instead of coin

>>58268642
>looks like a bunch of coiling snakes instead of coin
true that's a bit annoying, here's one with coins

>>58267230
at that point you have a moral responsibility to bring your silver back into circulation as money (i.e. trade it for big ticket items)

>>58268635
Your memes are stupid and you don't stack

>>58268694
chill out bro
keep the hostility in the crypto threads
/pmg/ is a happy place

Do you see the bull flag?

>>58268245
Look at the skitzo anon memes for some ideas, yours is missing motif, flow, humor, and something entertaining.

>>58268694
1 pbtid

WTFWT

>>58268726
That's not hostility, it's simply facts

>>58267977
software developer
it's a numi play, i did very well with my venus
i think the nymphs will work out too

>>58268793
This one is just basic infographics, I think it's fine for what it is.

>>58268679
thats a bit better

>>58268312
Semantics
Either way, yesterdays dollar equates to having had the buying power of 100 of tomorrow's dollars.
In the microcosm of my own mortgage/inflated price of silver. I win buy a long long shot

Bitcoin BTFO.
Cash is KING.

https://www.youtube.com/live/vLxuwFyezu4

Pic related solidified my stacking intentions

>>58268312
yup, house prices are inflated by debt, unlike PMs

>>58268862
Having an asset that appreciates in dollar terms doesn't exempt you from opportunity cost.

>>58268824
they're just gaslighting I think it works best to ignore them

>>58266158
>>58268816
>high quality booba stackers
very based

>>58268905
PMs are too, but it's open interest. If you DCA over several years it cancels out.

>>58267236
Unclear what the current pump causes, it went up like that before. The gradual release of printed money (way before covid) drives the price accordingly. You could draw a straight line below the price increase and see that the current pump doesn't look very surprising or spectacular then.

>>58268905
Considering the Comex, one could say that silver is inflated by x, y and z, such that variable x,y and z add more risk, danger, subterfuge and volitily than a simple mortgage debted asset.

>>58268864

So far, it seems silver is the best bartering metal.

https://www.youtube.com/live/vPNPcGovoik

Managed to order a 1986 Silver Eagle lads, for years had been looking out for one but in europe they are fairly hard to come by, now have the first and last year of the first eagle and first year of the 2nd eagle.

>>58269021
if you say so bro
real estate is nice but it's not as safe an asset as PMs, not in the world we're entering

>>58269067
How much in USD are Silver Eagles in Europe?

>>58269125
You can convert it yourself but even for new eagles your talking €30 minimum

jesse is a censorship fag

god i hate bob

jesse is a censorship faggot that thinks hes the king of pmg just because hes a janny. He is a tranny. He is also iqdelet and he alao samefags himself the whole thread. Pmg was great up until jesse showed up deleting everything that threatens his fragile ego.

>>58269067
Gay

>>58269162
Oh thats not so bad.

>>58269197
keep bitching in every thread and I"ll give you a reason to hate bob.

>>58269250
Thats not cool wtf

>>58269262
More bob, less jesse. Bob posts interesting stuff. jesse is just a jew with saggy bitch tits.

>>58269250
stfu

I love when i catch the mailman at the front door, pic related

$26
$26
$26
$26
$26
happening

that's it
$26 was the barrier
$30 is now literally and unironically guaranteed
strap in boys

>>58268862
>even when i lose i still win
Canadian school of finance

>>58269021
Yes, but such manipulations are short-lived. The bond market moves in 20+ year cycles. If you buy a house it's possible to be underwater for 30 years in real terms. Ignoring other risks like the neighborhood can go to shit.

>>58269267
silver hits $26 and you come in nameposting like a faggot

you dont care about metals; just shitting stuff up

damn ,the mods are real power trippers banning everyone

Fuck off faggot. Quit removing my fucking posts loser

>>58268245
It's decent.
Maybe worth adding in the preamble that nobody brought in a "now you must use gold law", it happened naturally because of particular values gold and silver have as traits (fungibility, dense store of value etc.)

>IQdelete was a janny the entire time

wow this glows

>>58269327
>Ignoring other risks like the neighborhood can go to shit.
that's what i really worry about with real estate
you better hope your town is well managed financially, for one thing
hope a bunch of unscrupulous people don't start moving in (sometimes by government programs)
environmental problems
etc.
lots of things can go wrong

>>58269327

many have. housing in the US is almost a lottery

>>58269085
As you say, nothing is guaranteed.
I have great have faith in value of PMs. It's been in my blood since I was old enough to walk. Comes from growing up being trained to watch for silver coins in pocket change, taken on metal detector adventures with the elders, recreational weekend mine and mineral exploration and a constant diet of lost treasure stories being told around the family kitchen table.
But I'm also certain that homes will always have value and be sought after.
And demand will never be satiated even with a hypothetical increased supply due to downturns in economy. Anything less than total mad max world, housing real estate will be sustained imo. people want houses. People will always want a home. Anybody with any kind of means to, wants to own or be buying a home.
There is such a backlog of demand, it will take up the slack for a good long while yet.
Sure, I see prices levelling off, even being lowered, but overall, supply is still very limited. REIT Entities or those like black rock are still there to suck up much of it too.
I don't expect house prices to continue to moon, but I don't see them cratering before a world wide super collapse happens. But I don't know the future so I'm not betting all my eggs on a single basket anyways

>>58269371

>>58269400
>But I'm also certain that homes will always have value and be sought after.
SOME homes
that's the thing
real estate doesn't have fungibility. like, it's probably the least fungible asset ever
so talking in generalities about homes is really not helpful

>>58269383
would explain why he seemingly never gets banned

>>58269389
...or the government just telling you that you cannot evict your tenants if they do not pay (RE: Covid).

>>58269425
He is also a bullion dealer. Legit hates his own customers and industry. Laughs at the abilitt to jew desperate people out of their investments

>>58269412
When I think of "homes" and "houses" I'm automatically filtering out gentrified places like Detroit and Baltimore.
I'm talking about "desirable" homes in "desirable" neighborhoods.

>>58269425
>IQdelete was a janny the entire time
I thought this was common knowledge. Look at how many people here get banned for racism or something stupid when he starts losing an argument to them. He's either extremely mentally unstable, a blackcock asset, or more likely, a mix of both. He also didn't play the game yesterday which shows how he does nothing, NOTHING, but come here for /pmg/.

>>58269449
>bullion dealers are 4channel jannies
were those condoms actually his?

>>58269452
as the country goes to shit, so will many more towns and cities

>>58269327
>If you buy a house it's possible to be underwater for 30 years in real terms.
You can only be 'underwater' if you owe more than you can sell it for and can't make the payments. I.e., usury.

If you pay $100k for a home, pay it off, and can only sell it for $50k, you're not 'underwater'.

>>58269452
Detroit and Baltimore were once "desirable".

>>58269327
>short-lived.
I've witnessed the housing market go from bust to boom to bust to boom to meh, in the last 20 years alone.
I think I can find a window of opportunity sometime in the next 10 years where values will be 'high'

I have quite a bit of money in savings and I've been thinking of putting some or all of it into precious metals to protect it from inflation. Would this be a good idea? I live with my parents and rent/bills aren't an issue for me, and obviously I'd keep an emergency fund in the bank in case I needed it.

>>58269510
this; market oversaturated and demand artificially inflated

the bagholding has just begun

>>58269454
why would he ban people for jew stuff when he posts with the plush? i still don't get that unless it is legitimately being compromised

>>58269486
True
>>58269499
True.
Look, I can only make limited reasonable predictions of the future. I try to take all things into account. Obviously everything has the built in caveat.
All we can do is make our best judgement of who what and where won't turn to shit within our lifetimes
At this point, even moving to Russia or China is not out of the question, for me to escape the doom spiral we seem to be on here in the West.
Cheeki breeki iv damke

>Silver breaks €24
>Highest for last 12 years

if this asshole really has been a janny the entire time maybe someone should get a hold of hiromoot and tell him that he's abusing his power? This faggot has been shitting up this general for over a year now

>>58269531
>Would this be a good idea?

probably, take a good look around and plan accordingly

>>58269531
Yes. Even business people who believe that Gold and Silver will never be an investment still advise people to put around 10-20% of their wealth into gold. Don’t put everything into it though. If you’ve got a lot of free money put some of it into PMs and use the rest to invest in other assets.

>>58269486
i live in the richest county in my midwestern state. i grew up in one of the most desirable cities in that county. the other week i went to the auto show with some frens. after we went out to eat. we were the only white people there. to put that into perspective, when i was in high school, my grilfren told me about an old black guy that was hitting on her at the local best buy. i laughed at her because why would there be a black guy at that best buy? i wonder what this seems like to zoomies.

>>58269488
you're down 50% on your investment, that stinks

>>58269531
Depends if your savings pays interest,
and how long you actually hold the metal.
and where you hold the actual metal.

if your savings pays more interest than inflation takes, leave it there.

if you plan on cashing out metals in less than 3 years and perhaps less than 10, leave it in the bank.

if you don't have a secure place to store metal, don't buy it.

>>58269628
just filter/ignore toxic IDs. nameposting; retard memes; etc. its all just meant to distract from stacking

>>58269593
>posts with the plush
that's obviously not the same anon who's shitting on PMs every day. There's just a group of schizos or shills here slapping names like IQ or Jesse on anyone they don't agree with.

>>58265176
Yes, via a spreadsheet, available here (with sample data to get you started).
https://docs.google.com/spreadsheets/d/11oZ4X8Gkgv3oGd_BunwFAHRhS92cfocIcmHzVK1D5s4

>>58269531
>I live with my parents and rent/bills aren't an issue for me
Spend it in moving out of your parents house and living on your own. Time to grow up.

>>58269613
>>Highest for last 12 years
wat?
I don't know what the price was in fag unit, but in freedom units it's still down ~10% from 3-4 years ago.

>>58269659
Same here, different part of the country.

My home town was a paradise of paradise when I was growing up.
Now it's staring to look like down town Seattle or Oakland with homeless camps, drugs, darkies, graffiti everywhere, where once there was none.
It was literally paradise before. And now it is festering with bloody diseased cancerous degeneracy and filth everywhere.
The local govt takes fed and state money to intentionally and knowingly bring more of it in.
Thankfully id already left there years ago but it's still so heartbreaking

>>58269723
damn...

Now that I look at this, $26 has been rejected 4 times in the past 2 years.

M I b&

>>58269488
you are fucking retarded

being underwater means making payments on an asset (house) that is larger in aggregate than the home is worth

in your example; the loss of 50k would represent being 50k underwater.

>>58269797
>being underwater means making payments on an asset (house) that is larger in aggregate than the home is worth
that's what he said.

you're only underwater if you owe more than it's worth.

...which is a questionable statement, but you're agreeing with it.

>>58269707
just move out goy and pay 2000 a month for a house you'll never own

>>58269797
wrong.
'underwater' or 'upside down' refers only to your current position relative to your current (usurious) debt. Outside of usury, these terms have no meaning.

Taking a loss is not being 'underwater'. You just sell and walk away. You CANNOT do that if you are 'underwater', you are still liable for the deficiency.

>>58269797
hey guys i found the mod, He's right here getting mad at harmless memes

Bros they literally cant hold the prices down... its unironically happening

>>58269828
>If you pay $100k for a home, pay it off, and can only sell it for $50k, you're not 'underwater

youre underwater by 50k at the end of the loan. so you stopped making payments and own it; still are underwater on your asset

>>58269829
2000 i wish
rent in my area is 3000 for a 1 bed minimum

>>58269876
we don't call it that way because if you take out a $100k loan you're actually paying $200k+ not counting other expenses.

by your definition, everyone is underwater on their house, which makes the term meaningless.

>>58269873

>>58269907
>by your definition, everyone is underwater on their house

>Baltimore bridge collapse stirs up painful memories of Silver Bridge disaster

https://m.youtube.com/watch?v=892gdT8FCMw

>>58269931
It may be true, but it's pointless to say it.

when we talk about being underwater, we're saying they owe more than it's currently worth. It's a very specific description of the debt vs. collateral.

as to whether you actually made a profit by the time you sell your house, nobody thinks of the gains as pure profit. We depreciate it, we pay interest on it, we pour money into it...
at best we get a few hundred thousand of that money back when we sell. But we paid that money into it. It's not profit. Even the tax man doesn't consider it profit.

>>58269876
>still are underwater
>>58269907
>everyone is underwater on their house
"Underwater" is a term specifically meant for people who are making mortgage payments on a house whose value has dropped after signing, but can't afford to sell because the sale price wouldn't cover what's left to pay. They're left paying a mortgage and their savings are gone. They could refinance the mortgage, but they'd have no asset for collateral.
These people are drowning in debt - they're underwater.

>>58269898
ouch, yeah i dont care what any jew says, if your parent love you enough that they want you to stay at home so you can gain more money you take that chance, most people are kicked out by their boomer parents

>>58269531
If you have no debt and don't think you'll need the money soon it's a good idea. Absolutely keep an emergency fund, and I'd even advise keeping a bit of cash on hand to keep you afloat too.

OooOoooOohhhHHHHH 26 Dollarydoos here we ARREEE!!!!
SMILE JANNY WANNIES!!!!!

>>58265176
I have a spreadsheet with what I paid for every purchase, spot at that time, etc. Then there is a page where I can put in current spot price and it will show the value vs. what I paid and the difference. It's important to know what you paid for each ounce, imo.
>>58265326
Just a troll that regurgitates the same lines every thread.

1 month ban for posting an AI generated picture of a merchant and pepe hovering over his treasure chest filled with gold

>>58270266
Check em

>>58269873
not quite yet.
Wake me up when it hits $35.
see >>>58269723

I feel like I should be happy but all I feel is apprehension.

>>58269649
>>58269652
>>58269673
>>58270087
Appreciate the advice. I'm still looking into all this but I'm currently considering buying 1 ounce of gold a year and 1 or 2 ounces of silver a month. Would this be a good amount to start with?

>>58270406
better than nothing

>>58269942
>of Silver Bridge disaster
Mothman is back?

>>58270000
checked!
Yes, this is the sin of usury.

there is (almost) nothing wrong with owing more money that you can current sell for. You overpaid, such is life. Just keep paying for your home under the terms you agreed to.

The problem arises if you default on the loan. Sans usury, the borrow would surrender the securing asset to the lender (would would take a loss) and walk away back at $0.

But under usury, the borrow is liable for the deficiency. The lender literally has almost zero risk. The borrower now has no home and is <$0!!

>#TKD

>>58265176
yes, but only in ounces. ;-)

>>58270406
Why would you buy gold when it is at an all-time high and the GSR is 90?

Buy silver, nigger!!!

>>58270406
An ounce of gold a year is more or less alright, but two ounces of silver a month is a pittance. It's a decent strategy for poorfags, but you can probably do better in most cases. That's barely or not even a tube per year.

>>58269726
https://www.youtube.com/watch?v=7Yt16GH4r1A

>>58270530
Fair enough. What would be a good amount to buy per month then?

>>58270566
Depends on your finances, I can't tell you that. I think most people could swing at least an ounce a week without noticing just by cutting some small costs, but those are still rookie numbers. You'll ultimately have to decide how much metal you want to stack and determine your allocation from there. Many /pmg/ers think the metal market is going to shoot up in the near future, so you may also want to consider starting off with a hefty (but still under $10k or whatever your local reporting limit is) purchase when it's convenient.

>tfw 25% NW gold and silver

>>58267925
I need more. Specifically dimes, I'm woefully short on those.

>>58269829
>just stay with your parents goy and never cultivate life skills or attract a woman
See, I can do it too.

>>58266641
All it charity and move on, dawg

Paper gold is pumping my dudes.

crypto nerds will seethe

>>58271139
did you miss the part where i said you'd still be making money and not wasting it paying 2k a month on rent dumbass, also whos to say the woman your dating wouldn't be living with here parents as well,lots of people do now as they cant afford it,it can take years to have the money to buy a house but itd be easier with someone else

>>58271202
>it's too expensive to buy a house now
No shit. It was too expensive when I moved out too. It's called an economy apartment that smells and leaks and you cna hear the neighbors fucking and makes you work harder and strive to get away from all that shit.

>>58271181
i always see this number floating around but the youtubers never explain what it means, my guess is that if that number times the spot price of gold and silver is the true value of an Oz, then if those number went to zero then we'd reach the true un tamped price of the metals

>>58270566
Whatever you can afford. YTF are you asking us? Oh yeah ,your a kike.

>>58271222
and you couldn't just stay with your parent while you were saving money, you absolutely had to waste thousands on a shittier apartment for years? Really nigga

>>58271222
a woman wouldn't be attracted to a shitty ghetto apartment anyway so what's the point

>>58271222
That’s completely retarded and a waste of your money… why would you just not save while you’re with your parents and get a good place from the get go instead of draining your finances living in a shithole dump as an inbetween?

>>58269707
>Time to grow up.
ok boomer

>>58271222
>It was too expensive when I moved out too.
when was that? I'm going to bet you're full of shit.

>>58271234
I'm gonna tamp your bussy.

>>58271301
Ignore that retard. Live with your parents as long as you can and save as much money as possible until you’re at a point where money is not even a worry.

>>58271340
kek

>>58271340
cheapies are back

Mail's in.
Yes I did cave since that thread and bought the Korean phoenix's. Provident only had 4 left, what else was I supposed to do, not buy them?

>>58271410
One of the best looking coins I've seen in a long time. Very nice

>>58271410
Damn, I can't believe I did all that shilling, made you buy, and didn't even get a commission. Is this what it's like to be a janny?

Look at the futures prices

>>58271397
no we aren't,gsr is 87,not bad not good either

Anyone got the "crypto fags will seethe" .gif?
Or is that usually posted in XMR threads?
I haven't frequented /biz/ in a minute.

>>58271516
>>58271201

>>58271476
it's over for cheapies

I'm going to do some fondling when I get home and by that I mean my dick

>>58271451
>best looking coins I've seen in a long time.
May i introduce you to ancient greek silber, sar?

>>58271562
>ancient booba
very nice

Now that cheapies are gone forever, is my stack of 250 1oz silver coins and rounds, 80 ounces in combined US junk silver and 2 1oz gold coins enough?
>>58271562
Noice

>>58271222
Sorry your parents didn't love you, that's pretty tragic. Luckily I don't have that problem, so I'm gonna keep buying silver instead of giving my wagiebux to Mr. Rentberg.

>>58271533
Based, thanks.

If you look at the Kitco home page the line goes up so high it goes off the top of the chart into dare I say uncharted territory

>>58271622
The taxpayer pays my rent for me kek

https://www.cnbc.com/2024/04/01/gold-prices-hit-all-time-high-what-to-know-before-investing.html
Thoughts? Is it over for us bros?

>>58271663
I always find it suspicious when the most wealthy people in the world tell you not to invest in something.

>>58271663
april fools bitch
go all in

>>58271481
>gsr is 87,not bad not good either
that's 11-12X gsr as mined

I think that's about 10X above ground gsr

Probably closer to 20X investment grade gsr

either silver is very cheap, or gold is very expensive, or both. Or maybe neither. Perhaps gsr has nothing to do with the relative cost of the two as compared to the dollar.

>>58271663
And experts say that's a good thing

>>58271677
>go all in
I may or may not have already done that a long, long time ago anon.
Darn boating accident... I should have listened to the weatherman.

Wow

>>58271663
Gold pretty steadily goes up over time. Sometimes slowly, sometimes a bit faster

but that upward trend just means gold is constantly breaking ATH over and over and over for years at a time. It's normal. It doesn't mean much. It's doing what it's supposed to do.

>>58271703
>everything is fine goy
lol k

>>58271713
I didn't say that. I said gold is doing what it's supposed to do.

the dollar is losing value as it is designed to do. Which causes gold to gain value against the dollar, as it is designed to do.

the part that isn't ok is wages are paid in dollars and are losing value as fast as commodities are gaining. Meaning stuff is becoming unaffordable.

but gold hitting ATH is no big deal, it's been hitting ATH's almost every year, and often several months out a year, and often several weeks out of the month, and sometimes several days out of a week. That's what it's supposed to do. As long as the dollar goes down in value, gold will go up. Meaning a long string of ATH's that don't mean shit to investors.

>>58271739
>but gold hitting ATH is no big deal,
it is in this current environment. rates haven't even been cut yet

>>58271749
unless it hasn't caught up with the enormous inflation of the past 4 years, then whatever it's doing right now is just catching up with stuff you've already forgotten even happened.

>>58271622
I was able to go back home at any time, and I actually did so for a handful of months while in between places. They loved me just fine, and it's an asshole stance to even attempt to hit someone there. I'm extremely grateful I didn't trade my struggles with trying to make it on my own for a sheltered life living with mom and dad in my early 20s. The experiences I had forced me to grow and they help me stay grateful for what I have today. You're welcome to rally around hating me because I suggest taking risks and being uncomfortable in your early 20s though...

>>58271451
It's a shame they're hard to get, they're my favorite iteration of the design. The 2022 has a nice design with the whole peninsula in the little security feature but I think the eagle looks best on the 2020's.
>>58271466
You're paid in knowing you helped a fellow stacker make the correct decision.

>>58271759
any traditional financial analyst would tell you that it's unusual gold is going up right now. people are supposed to be hoarding fiat for that sweet 5% APY

>>58271800
>any traditional financial analyst would tell you that it's unusual gold is going up right now.
true

they'll also tell you that a 30% increase in dollars resulted in a 3% increase in inflation.

>>58271800
It's pricing in the 3 rate cuts and the marginal production costs in the major mining countries, which have all gone up. The marginal buyer is also not American so global inflation is more important metric.

>>58271813
Hmmm

>>58271846
Interesting from a historical perspective but citing the bible as a reason to hold PMs is peak Christcuck.

>>58271783
>it's an asshole stance to even attempt to hit someone there.
uhh that's your entire persona
Not even considering your other rude remarks here you told anon to "grow up" and suck up the cost of moving out and living on his own even though it's factually never been more unaffordable for young people to do that right now

you're another disconnected boomer who can't just say "yeah, maybe I'm out of touch and young people are struggling."

>boughted several days ago
>gold shoots up

your welcome pmg

>>58271800
>>58271836
I don't know anything about global finance.

all I know is that I sell service contracts to gold and silver mining companies on a 1-5 year basis. Meaning I have to predict both what inflation will do 1-5 years out, and what metal prices will do in response.

My take is that my real costs have doubled in the last 10 years while metal prices have not.

that's all. Everything has gone up in price from labor to equipment to supplies to underwriting. Metals have not gone up equally.

meaning either the last 4 years were already priced in, or they are just now beginning to appear. My view is metals are just beginning to catch up to what every other sector has already done. I could be wrong, but I don't make my living by being wrong. And I've been doing this a very long time. The simple fact that metal mining companies are still hiring me indicates my outlook is about the same as theirs.

>>58271907
>it's bob
ugh, hate bob

>>58271926
doesn't change the fact that I'm not surprised about gold's action. I won't be surprised when it continues to go up. And I'd be surprised if silver and copper don't follow it. Silver disappoints me over and over, but I wouldn't be surprised if it moons this year.

>>58271926
If you recall, I predicted gold's movement in November 23, December 23, January 24, and February 24.

nothing it's doing right now is a surprise to anyone in mining or industry in the US at least.

>>58271965
>nothing it's doing right now is a surprise to anyone in mining or industry in the US at least.
the only surprise was how long it took. We all expected gold to break above $2k and stay there a couple years ago.

>>58271882
>your parents never loved you
is the same as
>put yourself in uncomfortable positions in your 20s so you can grow and learn
Unbelievable. I'm a millennial btw. You zoomers don't know shit about graduating into a recession.

>>58271965
Even platinum is starting its run.
It's still in its lower mid-range.

>>58272069
I'm a boomer but fwiw I agree with you.
Stacking in your parent's house is stacking on your parent's dime. Which is cool but assumes someone who has never supported themselves is going to suddenly go out and be able to survive on their own when their parents pass.

this is the main reason I'm not leaving my house to my zoomer kid unless he shows me he can keep it. Right now he's living off my income, he'd lose anything I give him in a heartbeat.

>>58272090
Yep I think most metals should do well. The dollar is getting pretty worn out.

I have 100k to invest right now for 5 years or longer. Should I get gold or silver?

>>58272069
sure you have, besides that the whole idea of kicking your kids out at 18 is a jewish trick, every other race and culture has no problem with their kids living with them ,its been that way for centuries

i love metals
i hate bob
simple as

>>58272139
Silver for sure. But I wouldn't put 100k into it. Say 10K in silver and rest in VOO or a World Index.

>>58272222
that's gay

>>58272139
>>58272222
yeah silver is a great way to turn 100k into 100k 5 years later. very safe

>>58271907
Yes, everything I see shows a big rise in mining costs, and it's only going to increase. This should create a floor for the prices, assuming demand continues to grow (it will as Asia and Africa get richer)

I will say that large amounts (100s of tonnes) of untracked/illegal mining operations in Africa have kept prices down, at least for Gold.

Is anyone baking

>>58272369
Im baking your mom

>>58272372
That's not nice

>>58272369

>>58272410
>>58272410
>>58272410
>>58272410
>>58272410

>>58272069
>I'm a millennial btw. You zoomers
I'M a millennial. You're whining exactly like a boomer does, telling people to suck things up and grow up, pick themselves up by the bootstraps attitude etc. while the cost of living rockets away from the median incomes.

If you actually are a millennial which is HIGHLY doubtful given your attitude here, then you're a very old one. I also find it strange that you're just now bothering to contend this.

>>58267724
What you non-real estate types don’t understand is that in investment properties (I.e. what effects prices the most) the property is only worth what it can bring in with rent. A 500k property, paid off/without a mortgage/loan, and 2.3% property tax (lower than average) would need a monthly rent of $2388. Average in the interest on a loan and you can see how people don’t make enough to be able to pay it off and you have what is known as a bubble. Unless you see median wages increasing to 100k, with this level of immigration meant to lower/slow wage growth, then theoretically it could go up indefinitely. But that isn’t the reality

>>58270406
I buy 10-20oz of silver a month. I didn't see all the advice but I'd say to you never go all in. I do about 5% of my total savings into PMs. That fits into where I want to be at retirement. That is on the low end for some but given my circumstances it's what makes sense for me. I agree that silver is a better buy right now. Personally, I am waiting for a dip back to 24ish before I buy again but that is because I already own silver. If I had zero oz you should be at whatever the price is.