[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 393 KB, 2560x1440, Screenshot_20180613-123807.png [View same] [iqdb] [saucenao] [google]
9933788 No.9933788 [Reply] [Original]

Why do you keep your money in dollars which loses 3% of its value per year and not gold? I unironically have 50% of my net worth in gold bars and coins

>> No.9933823
File: 372 KB, 2560x1440, Screenshot_20180613-123749.png [View same] [iqdb] [saucenao] [google]
9933823

>>9933788

>> No.9933884
File: 381 KB, 2560x1440, Screenshot_20180613-123757.png [View same] [iqdb] [saucenao] [google]
9933884

>>9933788

>> No.9933891

>>9933788
Because I keep it in Bonds and make real income while you bleed out for eternity

>> No.9933923

because gold is a pnd, that is literally the meme chart, I don't wanna wait 100 years for another run

>> No.9933929

>>9933788
Gold is down 2,43% from YTD against dollar.
So that according to your 3% inflation you are actually down 5,43%.

I would rather take the 3% down anyday.

>> No.9933933

>>9933923
any speculative asset is actually, gold is bitcoin for boomers

>> No.9933951

Gold lmao, falling for the meme. Commercial real state is best real state.

>> No.9933957

>>9933788
>>9933823
>>9933884
>This fag uses snapchat

>> No.9933961

>>9933957
>he doesnt know any girls to add on snapchat

>> No.9933968

I actually keep 90% of my assets in farms, which historically have always gone up in price.

>> No.9933981

Gold had a parabolic run like BTC, its in a multiyear bear market now.
Wait for it to bottom out in 2030, then buy.

>> No.9933992

>>9933961
>implying I wamt to waste my time taking pictures for dumb whores in the hope she might let me put my pee pee in her blown out roastbeef vagina

>> No.9934023

>>9933957
>he doesn't have girls sending him nudes
Also,
I hate most social media but i look at snapchat more as a messenger rather than posting stuff so that people can like them

>>9933929
You gotta look long term. When you retire you need maybe 1.5-2 million in today's dollars. Now adjust for inflation 30 years ahead and you need a lot more. Whereas id be willing to bet a chunk of my portfolio that over 30 years gold will hold its value pretty well against the dollar

>> No.9934037

>>9934023
Why would you prefer holding up against inflation over making more money on top of outperforming Inflation rate?

>> No.9934169

>>9934023
Yes I am also bullish on gold and have some.
But for now we need to brake the down trend for me to allocate more resources to metals.
Because if it doesnt go up at least 3% a year its not a inflation hedge.

>>9934037
Tell us your low risk idea to beat inflation.

>> No.9934414
File: 1.24 MB, 1079x3516, Screenshot_20180613-125237.jpg [View same] [iqdb] [saucenao] [google]
9934414

>>9934037
Because when the market crashes you'll be down 45% in one year negating 7 +years of average gains. More stability. If I wanted to only slightly outperform I could go bonds for a safer route.

>>9934169
I think silver is more undervalued, about 1/3 of my precious metals is silver, gold does still have some room to drop I agree with you

>> No.9934523

>>9933968

Like physical farm real estate or is there like a farm-based security or REIT?

I'm interested.

>> No.9934526

>>9934169
Obviously stocks. People Made retarded gains over the last years

>>9934414
Amazing alone is 50% since the beginning of the year. So who the fuck cares about your 45% crash

And yes silver is more undervalued compared to every single shit. But who knows when it goes back up

>> No.9934644
File: 101 KB, 1080x687, richest.jpg [View same] [iqdb] [saucenao] [google]
9934644

>>9934526
Would you advise anyone not having stock exposure to get in now?

It doesnt seem low risk imo but maybe thats just me.

>Amazon is up 50%
Yes but it is not your entire portfolio, if the market crashes (which might be more then your 45%) all stocks will get recked.
Not just the ones you made 50% on.
Why not figure out ways to limit risks?

>>9934414
I like the picture and it makes sense for a passive investor to allocate to metals in that sense.
Bitcoin might also become a commonly used hedge in the future.

>> No.9934671
File: 54 KB, 556x640, s-l1600.jpg [View same] [iqdb] [saucenao] [google]
9934671

>>9934414
well that's a known risk

but most other stores of value require constant costs

any dividends or profits or stocks are taxed, and easily traced (not to mention stocks are highly volatile)
land and real estate require property tax every year. real estate requires maintenance so it doesn't fall apart, even if no one lives there.

gold's appeal (and silver too) is it's one time payment and you just keep it. no more taxes, no maintenance. it says there like the lump of metal it is.

>> No.9934674

>>9933788
because I can't afford to buy gold futures or derivatives

>>9933891
good answer

>>9934023
>You gotta look long term.
Then I'd just invest in equities with sustained competitive advantage and likleyhood of scaling up. Why would I just speculate when I can increase my earnings. Gold specialists aside, it should only ever be a hedge.

>> No.9934689

>>9934644
Stocks = you're basically buying boomer's bags.
Cash and crypto is where its at my man