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/biz/ - Business & Finance

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8745083 No.8745083 [Reply] [Original]

Is gold A meme or does it really hold value in the long run?

>> No.8745190

>>8745083

There is an almost infinite supply of it in our universe inside asteroids and planets

Bad long term store of value

>> No.8745267
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8745267

>>8745083
It already has a $7 Trillion market cap. Silver is more undervalued.

>> No.8745597

>>8745083
Don't fall for any boomer shit like precious metals, index funds, high cap shit. Unless you're goal in life is save until your 70 so you can retire and do nothing with all your money. Like what even is the fucking point in life. Take a risk; small cap s&s, crypto, ICO's, IPO'S..... No risk no reward.

>> No.8745626

>>8745190
We're all going to be dead before that even matters

>> No.8745634
File: 58 KB, 895x600, 100 Year Inflation Adjusted Price of Gold.jpg [View same] [iqdb] [saucenao] [google]
8745634

here is the 100 year inflation adjusted price of gold

does not seem like a good entry point on gold

>> No.8745659

>>8745083
It's a bubble. Follows the meme graph perfectly. Already crashing.

>> No.8745677
File: 56 KB, 873x587, 100 Year Inflation Adjusted Price of Silver.jpg [View same] [iqdb] [saucenao] [google]
8745677

>>8745634
for comparison, here is the 100 year inflation adjusted price of silver. Silver seems a better entry point than gold, though neither of them seem like good bets relative to...just about anything desu senpai

>> No.8745733

>>8745626

it's something to keep in mind when you're trying to build generational wealth

>> No.8745793
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8745793

>>8745083
>Is an asset used for 1000s of years as currency just a meme
The absolute state of /biz/.

>> No.8745843

>>8745793
But it is, gold and silver were memes of their time too

Soon you'll realize all of what humans value that isnt titties, food, air, water, comfort are all memes

>> No.8746083
File: 90 KB, 990x750, GoldPP.png [View same] [iqdb] [saucenao] [google]
8746083

>>8745083
>>8745083
>gold
3x overpriced now

>> No.8746110

>>8745626
Not me, meatbag.

>> No.8746163
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8746163

btw A bill was recently introduced to restore the gold standard (H.R.5404)
>>8745190
I haven't been keeping up with the scifi tabloids, have they erected the supermassive asteroid-catcher's mitt yet?

>> No.8746164

Buy cowry
Au is overhyped

>> No.8746181

>>8746163
>restore the gold standard
never gonna happen

>> No.8746294

>>8745634
>>8745677
>posts graphs but too dumb to understand those. State of /biz/
And yes gold is a meme , been such for 5k years now

>> No.8746346

>>8746294
let me guess you buy gold tooth fillings on ebay

>> No.8746386

>>8746181
https://www.congress.gov/bill/115th-congress/house-bill/5404/text
It's something like that, I'm planning on following the progression of the bill very closely, as I have yet to understand the potential impact it may have on domestic & global economies.

>> No.8747023

>>8746083
that just shows that the dollar has no value, lol

>> No.8747066

>>8745190
FPBP