Is buying gold, silver or platinum a good investment idea?

[Anonymous No.12544122]

Hey /biz/,

I'm looking to further diversify my portfolio. So far, I'm have about 50% of my net worths in ETFs and stocks, 25% in crypto and another 25% in free cash, which I am looking to invest as I do not require it to pay for living expenses.

Is buying gold, silver or platinum a meme or is it actually a worthwhile investment?

[Anonymous No.12544141]

both crypto and metals are a meme scam you should avoid

[Anonymous No.12544144]

Gold and silver are not investments, they are SAVINGS. you dont buy gold to appreciate or depreciate, you hold it to keep your wealth in a stable way. If gold is going up, that is bad news because it means the government is being fiscally irresponsible and/or there is a crisis approaching

The Rothschilds don't have "savings" accounts, they keep it all in gold, because any interest earned in a savings account is ALWAYS less than the loss from inflation. You think you're smarter than a Rothschild?

[Anonymous No.12544189]

Buy real estate then lease and use money to buy more real estate and/or gold?

[Anonymous No.12545106]

>>12544141
>metals that have been valued as long as civilization has been around are a “meme scam”

Was just going to make a snarky comment but I’ll give a real rebuttal:
Precious metals will always have value, it’s impossible they will go to $0. People will always want gold for jewelry and silver has many industrial uses. Even if we start mining asteroids, metals will still have value

[Anonymous No.12545110]

>>12544122
It's not so much an investment as it is a hedge

[Anonymous No.12545147]

>>12545106
No theyre a scam.
People try to convince you that you can store your wealth in them when they barely beat inflation (silver doesnt beat inflation at all)

[Anonymous No.12545243]

>>12545147
great chart! i finally understand why boomers are so obsessed with gold

[Anonymous No.12545467]

i dont have any gold but id like to buy some and increase my tiny stack of silver

[Anonymous No.12545479]

>>12544122
Ehhh, holding cash is kinda good rn. I’d just let it ride in a high interest savings account.

[Anonymous No.12545499]

>>12544122
Its nice to fondle, but not very liquid.

[Anonymous No.12545765]

>>12544122
it moves too slow

[Anonymous No.12545781]

>>12545243
Yeah, it was the first Ponzi scheme they fell for in their youth. I’m sure crypto will work out much better long term sirs.

[Anonymous No.12546506]

>>12545147
Tell that to a venezuelan holding silver

[Anonymous No.12546891]

>>12544122
Yes.

[Anonymous No.12546925]

[Anonymous No.12546970]

>>12544122
Depends if you think we're on the way to an economic apocalypse and hyperinflation. At minimum a person should have, of total net-worth, 1% gold, 1% silver and 1% cash in their home.

[Anonymous No.12547050]

>>12544144
If gold doesnt go up it doesnt keep up with inflation brainlet.

[Anonymous No.12547187]

>>12544122
5% in physical precious metals is unironically a very good idea for when the econocalypse happpens.

[Anonymous No.12547200]

>>12544144
>The Rothschilds don't have "savings" accounts, they keep it all in gold, because any interest earned in a savings account is ALWAYS less than the loss from inflation. You think you're smarter than a Rothschild?

>2% interst every year
>less than inflation
pick one

[Anonymous No.12547362]

>>12546925

What does this image mean?

[Anonymous No.12547509]

>>12547362
It is definitely a reflection of the various volatility of prices of the metals. I am not sure which metric was used or when it was taken though.
Normally a good measure is the largest dip or spike against the 50 week moving average which is what I think they used here but I dont know what time frame they used as a reference.

[Anonymous No.12547785]

The year is 2030.
Zinc mining stops as mines are empty. Silver, byproduct of zinc mining, get its supply cut.
Because silver is used in electronics and medical and general engineering due to its properties (most of them not present in gold), silver has been deflationary during decades (some percentage goes lost into the trash yearly, while gold remains in jewelry and reserves to a higher degree).
And suddenly, the World needs silver to run (it doesn't need gold so much), but silver has become scarce. The plan of JP Morgan start its execution, and those who hold silver become the New Elite.