/biz/ - Business & Finance

I don’t get it either, nothing makes sense anymore

>>7463744
>Should gold not be going up
Gold is literally useless and has nothing going for it

>>7463811
is safe haven, normally goes up when stocks are in freefall

Everyone's going into asteroid mining

>he fell for the gold meme because a boomer told him to

>>7463744
>2018
>not knowing a simple bacteria can turn toxic metals into gold

hahahaha

good. I hope peter schiff dies.

>>7463891
If you can send tesla to asteroid belt you can send mining air operated robots.

>>7464000
>>7464000
no bacteria can turn one element into another

that requires an atom smasher or the implosion of a star

>>7464024
this

Everyone cashing out to buy crypto unironically

>>7464000

It doesn't make gold dipstick it just collates trace amounts into slighter bigger amounts.

no retard, if youve ever looked at the markets before 20fucking17 you would see that Gold and the markets have low correlation, and often go down at the same time

I'm going to buy some gold with muh crypto and have a Jesus piece chain made for me.

>>7464136
>no retard, if youve ever looked at the markets before 20fucking17 you would see that Gold and the markets have low correlation, and often go down at the same time
lol?

>>7463744
It`s because of paper gold.

People who own actual metal are, let`s say, golden.. hehe

>>7463744

Also anon - no not necessarily - gold's a safe haven when you're afraid of systemic risk or hyperinflation.

That said don't worry anon it is the safest place to be in a financial system which is going to have its face ripped off.

>>7463744
I think recently scientists found bacteria that shits gold so gold is worth way less since you can make it.

Someyhing like that.

>>7464158
you can open a bank account in zurich all backed by gold, with a debit card and buy your metal with bitcoin and ether.

>>7464227
>I think recently scientists found bacteria that shits gold so gold is worth way less since you can make it.
nope

the people who dont understand gold sell in times like these

>>7463744
Maybe gold's value is actually backed by faith just like everything else and if it were valued on it's real industrial uses it wouldn't be any more expensive than aluminum.

>>7463744
>Gold down 40 bucks per oz
Does this hold true for other currencies too, or just $?

Maybe $ is up rather than gold being down.

>>7463744
Did you check bond market? Bond is going up.

>>7464494
of course it is... interest rates will go up so that ppl start buying bonds - the average interest will surpass the average stock gains - ppl will sell stocks to buy bonds and the stock market will get rekt.

Higher interest rates will end up cucking the country because the US owns 20 trillion dollars and the govt has no way to honor their debts, even more so after Trump`s tax cuts

>>7463811
>Gold is literally useless

>universally accepted
>sovereign
>virtually undestructable
>physical asset

>uselss
You are dumb as fuck.

>>7464654
holy shit you are the dumbest person alive
Interest rate hikes have been priced in for 2 years now

>>7463811
what do you think your computer is made of

>>7464227

Lol gold is made when stars explode anon - not by bacteria, all bacteria can do is collect it together as a byproduct.

If it were possible to create gold it wouldn't have value that's one of the fundamental aspects of it.

>>7464683
Just wait and see

Not gonna larp telling you that I have inside info but I`ve been around

>>7464776
Law of scarcity

>>7464777
obviously you dont and havent
trying to predict the future is already stupid, but predicting the future based on false assumptions is even worse

In severe sell offs like this one, investors often sell profitable positions to cover losses in unprofitable ones.

Gold is incredibly useful. Smoke a bowl, do some yoga and put a piece of pure or 22k gold on your third eye, throats chakra, or heart chakra and you will see why.

>>7464000
dude. that's some next level shit. go to occult AND stay there.

>>7463744
>Should gold not be going up
Gold is literally useless and has nothing going for it

>>7463744
>why? Should gold not be going up?
It will go up. But first it will go down. Because when a bubble bursts everybody wants to sit on cash, not equities, bonds, gold, real estate or any other "asset".

>>7464409
>Does this hold true for other currencies too, or just $?
Not in my country (Sweden), gold has been stable recent weeks, more or less locked in at 340 SEK per gram.

>>7464654
That's not how it works though, if interest rates goes up, the value of old bonds goes down, because the old bonds have a lower yield.

If current bonds are going up in other words the yield is going down than that's a bet against higher future yields.

>>7465183
Muh 50000 years of being a store of value.

>>7464000
>pajeets trying to make gold

>>7463744
Gold is a bubble

>>7465938
yeah I have been waiting on it to burst for the last few hundred years myself

>>7466329
btfo

>>7464336
Gold is used in electronic, if it was cheaper it would see more usage, therefore driving price up.
Best conductor, non reactive, plastic, anti bacterial.

>>7466560
>, if it was cheaper it would see more usage, therefore driving price up

I've thought about buying gold but ultimately I want to be rich and you won't get rich off gold. You won't get poor either, but still.

It's worth it to me to buy a ticket to the lotto rather than just a hold in value. I see no difference between putting money in gold versus just a savings account

>>7466610
>It's worth it to me to buy a ticket to the lotto rather than just a hold in value. I see no difference between putting money in gold versus just a savings account
if the dollar collapses you fiat savings account will be worthless

>>7463744

gold is overstocked by goobermintes ... silver is not also much more needed in industry - which is one of the reasons

also the fuckery > paper that says you own gold is being sold ...

>>7463833
Stocks aren’t in freefall it’s a price correction. Gold is a hedge against inflation.

>Should gold not be going up
Gold is literally useless and has nothing going for it

>>7466765
>biggest point loss in a week in history

>>7466659

Yeah, but if fiat collapses there will be a lot more to worry about. plus I own guns

>>7464000
>simple bacteria can turn toxic metals into gold

>>7466926
>as if points matter and not percents

>>7467372
they do matter

also yes you are right, it's a once in a few decade point loss in a trading week too!

>>7467372
All I can say is have fun losing your money

>>7466588
He means there's a floor on gold prices

>>7463744
No stocks and gold are not really inverse correlated anyhow. Stronger dollar pushes gold down atm last gold spike was currency spike not gold strength. Gold is very steady still and do not provide anything special in terms of trading opportunities

We should be seeing insane dollar rally later on. Euro is showing already weakness, yen is not ready just yet

>>7467660
>No stocks and gold are not really inverse correlated anyhow.
they were during the 2008 crash

and gold shit the bed during the late 90s dot com stock rally

>>7465938
The Bretton Woods system was abandoned in 1971 since then there's been nothing stopping a constant anual three percent inflation of the dollar and other fiat currencies, hence the price increase in gold.

The actual value of gold probably haven't increased significantly, it's the dollar and other fiat currencies that has lost value.

>>7463811
this

gold and silver are trash

just buy bitcoin

t. guy who traded buttcoins for silver/gold last year and regret ever minute of my life

>>7464000
Trips confirm. SELL ALL GOLD SELL ALL BACTERIA

>>7467959
gold and silver went down in 2008 too bub

>>7468724
lol wat XD

when the crisis hit gold went from 800 to $1950 over the course of several years

^_^

So now is a good time to buy gold jewelry?

>>7463744
"'They will throw their silver into the streets, and their gold will be treated as a thing unclean. Their silver and gold will not be able to deliver them in the day of the LORD's wrath. It will not satisfy their hunger or fill their stomachs, for it has caused them to stumble into sin.

>>7469371
since when has jesus ever been right with any of his predictions

he said he would come back within 100 years in the bible, he lied

>>7468696
You are me from 2015.

In the early days of the 2008 crisis, silver and gold crashed because people were getting margin calls and had to liquidate positions.

After 2008 prices of both increased dramatically as a safe haven from the stock/bond market.

Silver and gold could go up 5-10 times if another really big crash happens but in the short term they will go down due to margin calls.

t. somebody who owns almost 100kg of silver.

>>7463833
Wrong. Bonds are the hedge against stock market falls. Bonds are hitting record rates, the money is flowing to them, not another speculative commodity.

>>7464088
>Everyone cashing out to buy bonds unironically

>>7470169
I would argue that loaning the US government money for 30 years at 3% is extremely speculative, considering possible government defaults and inflation risks.

>>7464654
It's not impossible, but unlikely. Interest rates hit the 18% mark in the 80's, but the economy was different, and there's no way they could hit 18 in less than a decade, the turmoil right now is over 1 point higher.

>>7470219
The US government will literally never ever default on a bond payment, there is 0% chance

https://www.youtube.com/watch?v=q6vi528gseA

>>7463744

>difficult to transfer
>literally just a shiny rock
>can't even buy a cup of coffee with it
>massive security issues; thieves can just say gibsmedat and take off with it
>inferior to guns and ammo in real SHTF situations
>space is full of it; massive oversupply incoming

Yeah, gold is just a meme at this point.

>>7470276
Hey brainlet,default is one option. The other option as you showed is printing money which increases inflation risk.

Either way, loaning the US government money for 30 years at 3% is extremely risky. Maybe 8-10% and I would risk it.

>>7470323
You realise a gold-backed credit card or blockchain would remove all of these issues right?

How is space even an argument? We haven't event mined a single grain of gold in space and there are currently no plans to.

>>7470323
>>difficult to transfer
no it's not
>>7470323
>>literally just a shiny rock
gold is a metal it is in no way a rock
>>7470323
>>can't even buy a cup of coffee with it
nobody said you could
>>7470323
>>massive security issues; thieves can just say gibsmedat and take off with it
this is true of anything you own
>>7470323
>>inferior to guns and ammo in real SHTF situations
people who can afford to have a significant amount of gold have both
>>7470323
>>space is full of it; massive oversupply incoming
you are literally retarded

just looked at the chart of gold and i think you might wanna hold a few more weeks cause theres a serious buy signal atm

the reason gold is still low is because trump and the media are hiding the fact that the us dollar is clearly deteriorating, but you watch the results from the DOW and you can see investors arent falling for it.
Its only a matter of time before the bandaid comes off and gold starts making gains of $50-100$ p/day

>>7470336
>Hey brainlet,default is one option.
no it's not, we will never default, 0% chance
>>7470336
>Either way, loaning the US government money for 30 years at 3% is extremely risky. Maybe 8-10% and I would risk it.
the US government has never not paid out, not in 200 years

>>7470439
Brainlet, you don't seem to get it. If the US government is printing money to pay off existing debt, this always causes inflation.

If inflation is 5-10% and your bond is locked in at 3%, you WILL lose money.

/biz/ is full of ponzi-scheme loving pajeets.

>>7464000
>>>/x/

>>7470500
>Brainlet, you don't seem to get it. If the US government is printing money to pay off existing debt, this always causes inflation.
>If inflation is 5-10% and your bond is locked in at 3%, you WILL lose money.
You keep saying default then talk about something else, I am addressing you saying default, are you confused?

>>7468696
Gold isn't meant to make you money you fucking idiot, it's meant to help you keep it

>>7463811

>Non oxidizing element, the best electrical conductor , shields uv etc etc ad infinitum
>useless?????

Just do humanity a favour and neck yourself

>>7463744
>mfw in fiat ready to buy LITERALLY EVERYTHING ON SALE

>>7470276
http://www.in2013dollars.com/1933-dollars-in-1953?amount=1

>U.S. Inflation Rate, 1933-1953 ($1)
According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.65% per year. Prices in 1953 are 105.0% higher than prices in 1933.

>>7470677
please look up the word "default" in the dictionay

>>7470439
the US literally can't default USD bonds, it just needs to print more USD
doesn't mean buying USD bonds isn't risky.

>>7463744
Gold is shit.

It's actual market price if its store of value were removed would probably be 1/10th the price. Gold will always have some store of value, but that role is starting to be eroded by Bitcoin.

>>7470219
you know there are more types of bonds than 30year treasuries right?

some 2year strips are already 3%

>>7470701
he mentioned inflation risks. you cherry picked default. default isn't impossible btw, the government would just have to WANT to default, which is highly unlikely. still you cherry picked the default option.

>>7463744
gold only went up after 2009 because of QE

>>7470768
default is literally impossible

>>7470754
because bitcoin has a 4000 year history of being an excellent store of value

>>7463744
why is it so hard for semi-coiners to recognize crypto is where most of the money will flee to along with cash

overall MC of crypto is so low compared to 100 trillion world market cap, even getting 5% its going to skyrocket as the markets deflate. fucking just buy and wait.

you think rick cucks are ok with cash and bond and savings returns get real

crypto assets are about to get roided

>>7471291
>let me sell my stocks and buy something that is down 60% in the last 60 days

rite

>>7464667
nobody gives a shit about physical assets in a digital world except those that don't see that we now live in a digital world

they're dying

>>7471373
you don't have a very good sense of value investing, do you kid

>>7471533
>value investing
>bitcoin, the most volatile worthless thing on earth
>kid

LOL

>>7471407
>nobody gives a shit about physical assets in a digital world except those that don't see that we now live in a digital world
let me check and see if gold is down 60% since December..

>>7471659
i didn't say money wouldn't / shouldn't go to gold.. it will, and bonds, and you should indeed be pumping a % to crypto. buy low nimrod.

>>7471659
Why don't you go look at the historical chart of gold instead. Depending on when you bought youd be up or down 11% percent or something in a decade.. I make like 11% in crypto every day lol.

>>7464000
Just bought 100k bacteria, thx anon

>>7463811
This. It's expensive because it gets locked up.

>>7463744
>fed promising they will unwind
>Yellen: "There probably won't be another crash in our lifetimes goy"
>rising rates means its more expensive to finance the debt
>bonds become more attractive option
>bipartisan budget deal will add $500 billion in spending.
>record high consumer debt
>little wiggle room to drop rates if economy tanks again
>meanwhile China buying gold and announces yuan oil contract to compete with USD

When dollar and bonds drop simultaneously, gold will skyrocket

>>7471069
Much of gold's sky high value is a recent trend on that 4000 year time scale. Look at any inflation-adjusted chart, and you'll see that 50 years ago, gold was only worth 1/5th today's value.

You're a fool if you think gold's role as a store of value isn't being eroded at least somewhat by Bitcoin. It'll only continue to be eroded more and more from here on out.

>>7464136
you realise low correlation is the opposite of going down at the same time?

gold is a useless shiny rock

>>7473642
bitcoin is a useless imaginary token

>>7465938
no the usd is becoming worthless

>>7463744
I bought a monster box of silver eagles yesterday.
Plz be profitable.

>>7463744
>Should gold not be going up?

>>7463744

no, gold is as manipulated as the dow, if not more

>>7473668
wrong

>>7473867
denial

>>7463811
>Gold is literally useless and has nothing going for it

Yeah, not like its been the main store of value for thousands of years or anything

>>7473850
>>7473865
doesnt matter, people will flock to it because its a safe bet. risk aversion hasnt kicked in fully yet and gold is weighted against the dollar, which is also going up

>>7464000
מה אתה עושה לך אידיוט, למה אתה מספר להם על זה

>>7464000
possibly the stupidest trips in the history of this board.

>>7464717
i made mine out of baby bones and after birth
wanna be my fend

>>7473850
Stay mad leddit.

>>7463744
It used to be that gold was a useless rare mineral but now since we are using it in electronics its value is attached to manufacturing. So when market goes up, more people are manufacturing electronics and gold value goes up. Then when market goes down, so does gold demand and value.

>>7474373
so were shells you dumb nigger.

>>7469679
>within 100 years
Find that quote for me, I double dog dare you

>>7463744
both are being sold and going into bitcoin
the big guys know this is the last rocket, theyve been accumulating for so long now. its going to be huge

This is called the "risk on, risk off" effect. Correlated asset prices because everyone is a pussy