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/biz/ - Business & Finance

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12643960 No.12643960 [Reply] [Original]

I have been buying gold lately, in form of jewelry because I like it, is buying gold now wise?

>> No.12644088

bump

>> No.12644102

>>12643960
Buying gold in jewelry is extremely expensive since you are paying a large premium. Just buy coins and bars.

>> No.12644116

I can’t even be fucked to check what the price of gold is right now. The damn stuff takes fucking years to change price. In the mean time you could use the money to invest in something else. Money in gold is kind of dead, and you always end up selling it below spot. Like the spread on physical is terrible for the average person. You also have to hide it. It could get stolen if you don’t. I prefer the crypto for investing thank you.

>> No.12644119

>>12644102
however if you are engaged in illegal activities, any jewelery will be returned as part of your belongings while bullion and cash may be confiscated.

>> No.12644130
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12644130

Just ordered this today. How long does it usually take to get something when it's paid by check?

>> No.12644167

>>12643960
Show pics of your jewry or gtfo

>> No.12644171

>>12644119
Yeah you can also carry it through an airport in larger amounts. Or so I’ve heard, but nothing really beats crypto for a complete shtf situation. People aren’t going to forget how the internet works. It will always exist in some form now. Look how it’s helping people in places like Venezuela.

>> No.12644191

>>12644116
>>12644102
Ok I must say that I'm not buying it to invest, I prefer crypto for that, I just like gold jewelry.
And in case shit hits the fan.