[ 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: 79 KB, 750x500, Three-Silver-Bars-from-West-Point-Mint.jpg [View same] [iqdb] [saucenao] [google]
10681673 No.10681673 [Reply] [Original]

What the fuck happened in trading today?

Gold, down 1.49%. Silver down 2.03%. Platinum down 2.91%.

DJA down 0.50%. NASDAQ down 0.25%. Wilshire 5k down 0.43%. S&P500 down 0.40%.

BTC down 4.75%. ETH down 7.47%. BCH down 7.26%.

Treasuries, 3 month, 6 month, 1 year, 5 year, 10 year and 20 year, all flat.

Did money decide to go on fucking vacation or something?

>> No.10681692
File: 6 KB, 299x168, sensei.jpg [View same] [iqdb] [saucenao] [google]
10681692

>>10681673
quite!

>> No.10681721

Global Recession is coming up fast. Emerging Markets and commodities are the canary in the coal mine.

>> No.10681722

The greatest crash of our time is coming. Literally any asset that is not decentralized is going to beyond absolute zero. Prepare accordingly, buy Bitcoin.

>> No.10681728
File: 120 KB, 991x1092, E41C13E1-2593-4BD0-B85B-5917F4C4970E.jpg [View same] [iqdb] [saucenao] [google]
10681728

The average investor. Pic related.

>> No.10681732

>>10681673
Central banks decided USD am new world currency apperantly

>> No.10681733
File: 134 KB, 1080x1350, 23507770_701111703420828_1940400824865783808_n.jpg [View same] [iqdb] [saucenao] [google]
10681733

>>10681673
it's almost as if every news outlet on the planet was true when they've been warning us of a bear market/correction over the past 3+ months

>> No.10681741

>>10681673

Currency and trade wars by whales

>> No.10681747
File: 104 KB, 297x314, 1527733457971.png [View same] [iqdb] [saucenao] [google]
10681747

>>10681673

>> No.10681748

>>10681673

All part of the plan.

>> No.10681751

>>10681673
>Did money dec go on vacation or something?
sure did in Turkey

>> No.10681760

>>10681673
USD is now superpowered supposedly.

>> No.10681772

>>10681733
>"trust the media"

Fagoot

>> No.10681773

>>10681722
If we see the greatest crash of our lifetime, you're going to want to stock up on non perishable foods, guns, cigs, alcohol, guns, and toilet paper. Not fucking bitcoin.

>> No.10681777

Globalists

>> No.10681778

what happens if everything is worthless?
what do we do if our houses hour savings everything sucks what's left?

>> No.10681779
File: 38 KB, 629x389, IMG_2017.jpg [View same] [iqdb] [saucenao] [google]
10681779

>>10681760
True if big

>> No.10681790

>>10681673
It's just investors/speculators flocking back to the US dollar after the Lira scare. If Turkey doesn't get its shit together and/or the US Fed finally increases its interest rates, you can kiss your precious internet money goodbye.

>> No.10681799

>>10681673
>he didn't zoom out

>> No.10681815

>>10681722
That's delusional. Nobody is going to care about internet meme money when they can't pay their bills.

>> No.10681823

Economicsfag here, he's right. >>10681790
Also the Argentinian Peso tumbling down. It's a combination of different events.

>> No.10681840

>>10681773
yeah, and when the crash hits, you think fiat money will hold its value?

No government will be able to get money by making debt. Everyone will be poorer so no way to get money by tax increase.

You think government won't decide to just print money? Really?

At least buy some gold for fuck sake

>> No.10681847

BUY THE US DOLLAR LOLOLOL WHAT THE FUCK
I GUESS TRUMP IS PRESIDENT SO

>> No.10681860

>>10681741
> muh whales
> muh monies is with good crypto companies. It will returnz

>> No.10681875

>>10681779
It is, Trump is positioning the USD to dominate the world he can ruin other currencies with his fucking twitter account

>> No.10681896

>>10681790
Increasing the interest rates again is exactly what will trigger the next crash.

>> No.10681907

>>10681790
They've been rising good.
>1.8% APY on a savings account right now
Feels good considering how banks gave dirt for the past 10 years.

>> No.10681925

>>10681815
good luck using your meme overinflated fiat currency to try to pay your bills.

>> No.10681948

>>10681875
but a weaker dollar is good for exports

>> No.10681968

>>10681875
this is unironically awesome I wouldn't want 2018 and beyond any other way
sometimes I think I OD'd in 2016 and I live in a fantasy land but I love it

>> No.10681972

>>10681840

If the crash causes an even worse situation than the great depression, getting the items I listed are a guaranteed way to survive. BTC won't be. Even holding gold may not be.

>> No.10681976

>>10681948
we're a net importer by far tho

>> No.10681986

>>10681948
thats only one part of GDP, it hsould not be the main part

>> No.10681995

>>10681823
The strengthening of the USD and possible crash all around the globe will trigger inflation in Europe, China, India, Japan, etc. BTC may not moon in USD, but will sure moon in any other currency.

>> No.10682018

>>10681896
I'm talking currency value, not American economy. Yes, the US economy might tank if they drastically increase interest rates but the US currency (USD) would appreciate in value as that means increasing interest rates means less money supply overall. Investors/speculators tend to flock back to US Dollars and other safe haven currencies in times of recessions/depressions.

>> No.10682028

>>10681875
Exactly, the USD is going to be huge, the strongest currency in the world. At the least, 200% it's current value. Will happen within the next 6 years. If you like free money and are able to hold for awhile, invest in the USD.

>> No.10682033

>>10681948
A hungry prostitute is good for the client.

>> No.10682044

>>10681948
The world is so cucked by American consumers that they will take the hit back home to cut costs enough to still compete under tariffs. Americans will make more money at their jobs back home and keep up buying pressure. America will come out better for this because the rest of us fucktards demilitarized and let America police all of the naval shipping routes in exchange for them eating the tab.

There is literally no way out for other countries because we lack the infrastructure to even build navies and the Chinese who could supposedly do it are smoke and mirrors.

>> No.10682047

>>10681673
US Dollar DXY keeps going UP UP UP

>> No.10682061

>>10681995
You can still short bitcoin relative to USD. Let's face it, bitcoin is just another form of currency. It's like another form of forex.

>> No.10682064

>>10681972
A crash bigger than great depression means pretty much all banks will crash.

The ones who have BTC will be the only ones to have access to capital.

>> No.10682082

>>10682018
I agree with you:
>>10681995

>> No.10682093

People are getting into USD anticipating a deflationary spiral due to the Lira contagion.

Keep your powder dry and be ready to buy.

>> No.10682108

>>10682061
No, because bitcoin will not be worn out by inflation when the crash (and banking crash) comes.

Also, no way to confiscate it.

>> No.10682114

>>10681673
The entire world is about to get pink wojacked

>> No.10682133

>>10682018
The Fed isn't raising interest rates fast enough. Look at CPI we're well above the bullshit 2% inflation target and pushing 3%. We have negative rates in real terms. The Fed is too scared to raise interest rates 25 basis points. We're fucked.

>> No.10682149

>>10682108
Supply isn't the only factor in determining a commodity's price. Libertarians, gold bugs and Peter Schiff drones often get so enamored by terms like "inflation" that they forget that there is another factor of the equation - demand. All that limited supply doesn't really matter if there is no demand for it.

>> No.10682160

>>10682108
If theres no way to confiscate it then what makes you think you can use it in a meaningful way?

>> No.10682174

>>10681773
Water and ammo

>> No.10682182

>>10682108
Hyperinflation comes after the deflationary spiral. Crypto might get fucked harder before winners start mooning.

>> No.10682183

>>10681673
the USD is strong af right now

thanks trump, i guess.

>> No.10682188

>>10682044
There is a way out. The next World War will be US's USD against world's BTC.

>> No.10682194

>>10682061
> Let's face it, bitcoin is just another form of currency. It's like another form of forex.

You're comparing Fiat that is printed at will to Bitcoin that has a predetermined maximum supply. You should stop doing that.

>> No.10682196

>>10682149
A valuable lesson that can be applied to many things *cough*crypto*cough*

>> No.10682212

>>10682133
>33 O

Oh yeah and those are government numbers, just assume they're much worse than they are!

>> No.10682247

>>10682212
the benevolent jews at the fed have the goy's interest at heart
trust us goy

>> No.10682258

>>10682194
Read
>>10682149
US Dollars might be printed at will but there is real demand for it that it moves fast enough and is used enough (money velocity) that it has value, unlike your bitcoins which is purely speculative as of this point.

>> No.10682267

>>10681673
Everyone is preparing to all in on link

>> No.10682956

>>10682258
It's all a game of confidence as soon as confidence is gone then it's anyone's guess.

>> No.10683004

Big money is cashing out ahead of the midterms AND because of Turkey in a economic death spiral

>> No.10683106

sure glad we imported all those black people now that the greater depression is coming

>> No.10683253

Bear trap, the market will go back up tomorrow
Apocalypse soon

>> No.10683398

>>10682064
nobody will trade for it so it will be worthless you mong

>> No.10683479

>>10682044
At least someone realizes the position they're in. The US is long overdue for a game of hardball especially when we've held all the cards for so long and have been willingly fucked in the ass despite it.

>> No.10683533

>>10681673
Simply put
dollar up against everything as third world fiat for safety

>> No.10683635

>>10681673
I’m going to impart some knowledge on you /Biz/.

This is what is happening. The FED has raised interest rates 8x since Trump took office. When the FED raises interests rates it decreases the amount of dollar liquidity and when they do this after having historically low rates for a long time 09-today it contracts the economy hard and fast and will lead to a recession/depression. This is how they created the Great depression. During the roaring 20s interest rates were incredibly low, everybody had money. Then they suddenly contracted the money supply and made it so all lenders had to call their loans in, leading to massive liquidations. Nothing was fixed during the 2007 crisis, the FED merely created money out of thin air through quantitative easing as a band aid.

>> No.10683661
File: 95 KB, 960x960, 1524061169258.jpg [View same] [iqdb] [saucenao] [google]
10683661

If everything went down then nothing has been lost

>> No.10684467

>>10682133
The FED has raised rates 8x since Trump took office and have signaled they will continue raising. They are not going to do it in one foul swoop, its going to be done incrementally but quickly. Its going to destroy the stock/lending/housing markets.

>> No.10684621
File: 1.96 MB, 290x290, tumblr_ny76dtv1C31tvo0jlo1_400.gif [View same] [iqdb] [saucenao] [google]
10684621

gold may be looking down right now but when, and yes when, not if the next recession comes (very soon, even Robert Kiyosaki warned of it) gold prices will moon, possibly to the 1.9K levels

Hold onto it like 90% of the cucks on this site hold onto crypto

>> No.10684642

>>10683661
fuck I need to fuck as many thots as possible before the Event

>> No.10684646

>>10684621
This! The USD and our markets cannot keep the good times up forever! Silver/Gold are going to go back up $30/$1800.

>> No.10684659

ITT: Trump supporters not realizing they're about to get fucking ruined. He never cared about you, you fucking retards.

>> No.10684672

>>10681907
Interest on savings is not that high...

>> No.10684688

Sage and hide these threads
The retardation is palpable

dont forget to long SPY if you have any sort of brain

>> No.10684698

>>10681728
(((investors))), there are no "investors" only a group of jews that print money.

>> No.10684704

the government is cashing out to pay for the space force

>> No.10684763

>>10684646
>bought $1000 in gold
is it bad I'm excited for this collapse?

>> No.10684768

>>10684763
might buy some silver as well

>> No.10684776

Based Trump decided not to fuck around anymore and ensure USA will be and remain top dog for the next century. Sorry eurobros, but you'll have to suffer a bit. If only you joined us.

>> No.10684781

>>10681896
And what will happen if the next crash happens with already low interest rates?

>> No.10684795

>>10681907
Lmao, might as well buy treasury bonds with those kinds of interest rates.

>> No.10684800

>>10684763
Haha, I am with you. My friend told me while laughing you want to make money off of everyone else's misery.

>> No.10684833

>>10684800
their fault for not securing their assets, the only reason capitalism fails so much in the modern day is a lack of financial literacy. If everyone knew what's common sense to us then our capitalist society would be perfect

>> No.10684852

>>10684833
I keep saying it. It works like a pendulum it will go up and go down right now gold and silver is down USD/market is up and now is the time to store silver/gold.

>> No.10684870
File: 25 KB, 400x400, MHUJj15g_400x400.jpg [View same] [iqdb] [saucenao] [google]
10684870

>>10684852
>All markets boom and bust, it’s just life

>> No.10684872

>>10684621
>current gold price $1.2k
>"mooning" to $1.9k
Thats not a fucking moon.

>> No.10684894

>>10684870
So is the 1k gold all you have?

>> No.10684898

>>10684870
if anyone here is serious about actually getting rich and not being a wagecuck, I'd highly recommend this guy (Robert Kiyosaki) books
Start with Retire Young Retire Rich, and then his rich dad poor dad series

>> No.10684904

>>10683635

So USD is king now amirite professor

>> No.10684914

>>10684872
it hasn't reached that price since 2011, and when i say 1.9K that's a minimum btw, highly likely to go higher

>> No.10684937

>>10681673
Back to school. Familys needed to get Billy and Sue Ann supplies for their studies.

>> No.10684972

>>10684914
Heard that prediction a million times from goldbugs in the last 5-6 years.

>> No.10685052
File: 21 KB, 860x421, no recession chart.png [View same] [iqdb] [saucenao] [google]
10685052

>>10684972
You are absolutely right we all have been hearing it for the last 5-6 years. However, look at the chart, we have been in an economic upside for about 10 years. We can't continue this trend forever so it will happen again. When it does it will be pretty big. My theory is the needle will pop the balloon if trump loses re-election in 2020 as right now he is doing very well with the economy and if a socialist liberal get elected all confidence will drop and be the catalyst.

>> No.10685106
File: 29 KB, 196x242, 1327428353802.jpg [View same] [iqdb] [saucenao] [google]
10685106

>>10681673

it's a dip and hustle bruh. Chinks and Jews do it ALL the time.

>> No.10685122

>>10681751
Underrated

>> No.10685132

>>10684898
Fucking scam artist.

https://thecollegeinvestor.com/4726/ultimate-hypocrite-robert-kiyosaki-companys-bankruptcy/

>> No.10685160

>>10685052
Here's the thing. If you bought your gold 5 years ago, you probably paid between $1200 and $1400, but I'll just say $1200 for simplicity. If it goes to $1900, then you made about 60%. But you held it for 5 years to get that! Lots of people on this board made a lot more, a lot faster with Internet meme money. My point being, gold isn't worth buying hand over fist, even now. No one will make a life changing amount of money off of gold. Just buy gold for that portion of your total assets that you absolutely can't afford to lose, and no more. If you really feel the bubble is popping in the near future, it's better to be in cash so you could acquire assets during the panic sell.

>> No.10685219

>>10685160
I 100% agree with you. Gold/silver is not by any means a way to get rich unless you have the money to make the money by buying and selling boat loads of it when the time is right. I look at it a little differently. I see it as a way to make a decent little amount of money on almost a guarantee with out taking as much risk in say crypto or stocks. Yet, if you want to make the big money that is where you have to go more risk more reward.

>> No.10685226

>>10685132
i genuinely feel betrayed by him :(
his advice is good though

>> No.10685410

>>10685132
Comments say that he is actually practicing what he preaches in regards to the bankruptcy, as he protected his personal assets, and did this it as a financial move rather than necessity.

>> No.10685496
File: 665 KB, 720x540, 7e421c154b3805182579a53cf008037e8c8e7d25ce955fd68ac2f4157bf9032c.png [View same] [iqdb] [saucenao] [google]
10685496

>>10681790
The entire third world will flock to crypto as a way to try and keep their heads above water. Imagine the entire Africa is Zimbabwe. That is billions of people trying to save themselves.

>muh Africa is a technological backwater

Yes it is but they all have smart phones. I don't know what is going to happen in the first world countries though but I am definitely betting on third world adoption of cryptocurrencies in a great recession.

>> No.10685736

>>10682064

>All banks will crash
>Bringing down the rest of the world and every other business with it
>He thinks the internet will even still be on at that point, or his house even getting power
>Heh, atleast I have Bitcoin..kiddo

>> No.10685794

>>10683635

Will I finally be able to sweep up a decently priced house as a 26 year old boomer?

>> No.10685852

>>10681673

What if the instability in crypto spreads to currently stable markets

>> No.10686009

>>10682160
are you even trying you fucking jew

>> No.10686053

serious question: what's the best way to short a country? for instance an european state.

>> No.10686210

>>10681721
This guy gets it

>> No.10686217

>>10684904
A rate hike typically will slightly increase nominal dollar value compratively, yes. However, in a large depression we will not see relative dollar value get stronger due to dropping the gold standard. The gold standard is the main reason the dollar was kept afloat during the great depression. Another massive depression like that would likely cause dollar value to non intuitively fall in relative value.

>>10685794
Potentially, but your assets would likely be wiped out alongside housing.

>> No.10686671

>>10681673
>stock up on gold if you plan to gtfo dodge
>stock up on silver if you're gonna hunker down and trade
>stock up on non-perishables
>stock up on weapons and ammo
>stock up on bic lighters, ferro rods, and fuel
>stock up on water and a proper filtration system
>stock up on your brand of toilet paper
>stock up on single ply and sell it at a premium to the assholes who didn't think ahead

>> No.10686973

>>10686671
ply?
aaah wait a sec.
single ply -> supply?

>> No.10686987

>>10686973
Single ply toilet paper. The shit you find at a fast food joint that feels like sandpaper when wiping.

>> No.10687033

>>10686987
i actually like rough toilet paper cuz i got a hairy ass which is a shit sticks tho

>> No.10687095
File: 539 KB, 890x704, 1531051283273.jpg [View same] [iqdb] [saucenao] [google]
10687095

Stop panicking faggots.

>> No.10687157

>>10687033
>doesn't have a bidet
Get an ass blaster senpai. You'll only need two sheets of toilet paper just to dry up.

>> No.10687403

>>10681721
>Emerging Markets and commodities are the canary in the coal mine.
What do you mean? What action are you implying to take?
>>10681790
Why would interest rates affect bitcoin price? Wouldn’t raising interest rates makes the USD even more worthless so wouldn’t that help BTC/USD ratio? One has scarcity and deflationary characteristics and the other does not I’m not seeing the correlation on how the fall of the USD would decrease the price of bitcoin in the long run?

>> No.10687654

>>10681722
Bitcoin cash you mean obviously not Bitcoin Block the stream centralised hub and spoke Lightning Network coupled with censorable Segwit

>> No.10687864

>>10681995
>BTC may not moon in USD, but will sure moon in any other currency.

Not really a moon if it's only relative to crashing currencies.

>> No.10687990

>>10687654
BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS BCAHS