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/biz/ - Business & Finance

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10914031 No.10914031 [Reply] [Original]

Why is the price of gold climbing back up again? I thought these boomer memerocks /biz hates so much were done for.

>> No.10914091

>>10914031
wow nice recovery
Goldbugs are so smart

>> No.10914112

>>10914031
because the stock market looks about to crap itself?

>> No.10914165

Weekly bear flag to 1250, then we crash Jew rocks more as boomer sellers outnumber the amount of shilling on TV and radio

>> No.10914186

>>10914031
Zoom out, zoomer faggot

>> No.10914187

If the economy gets to the point where you need to use gold to transact you're probably better off having weapons, food, and water

>> No.10914279

>0.28%
The absolute state

>> No.10914299

>>10914187
nah gold is a specific hedge against falling stocks and real estate. when the financial markets are largely intact but certain asset classes pop at the same time an other can moonshot this can be used as a hedge not to give up positions completely in case nothing real bad actually happens.

i have said it many many times: gold is not investment it's not money it's fucking insurance. and insurance costs you money.

>> No.10914301

>>10914187
Who the fuck wants to use gold to transact money? You can keep holding the artificially inflated stocks or the useless hyperinflated fiat money in the upcoming years and watch the assets like PMs skyrocket. Never treat PMs as an investment, more like a hedge against the fiat bubble.

How many fiat currencies vanished and failed? Even today you see them collapsing left and right. But this subhuman board is short sighted and wants to make it in unser 1 year with only crypto shitcoins.

>Inbefore shiny meme rocks and asteroid mining

>> No.10914361

>>10914299
youre like, wrong though
Bonds exist for this very reason and gold is a shit hedge historically

>>10914112
>all time highs with strong upward momentum
>crap itself
The delusion among goldbugs is real

>> No.10914408

>>10914361
>Bonds exist for this very reason and gold is a shit hedge historically
Yeah, I have no idea why anyone goes into PMs, they aren't an investment, they're a shit hedge, they're not going to be valuable in a SHTF scenario compared to necessities. Goldbugs seem like a cult to me.

>> No.10914619

>>10914112

This. Boomercoins are about to trash. Move money into shinycoins.

>> No.10914680

10k 2023

>> No.10914695

5% of my portfolio

>> No.10914846

I'm going to liquidate my stocks and buy gold when the us elections happen and Trump loses. The demorats are going to crash the markets hard.

>> No.10914896

>>10914361
>Bonds exist for this very reason
sometimes they work now doesn't look like it. in 2018 they showed they can fall together.
>The delusion among goldbugs is real
i'm by no means a gold bug nigger i got a single gold coin cause fuck it why not. that's all. it's just something people do and explained the rationale behind it.

>> No.10914971

>>10914846
Implying Trump wont be the scapegoat in 2018 / 2019 for the biggest recession in the world history, leading into a win for the democrats and into even more shit

>> No.10915401
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10915401

>>10914971
Welp better flee the country then I guess.