Gold

[Anonymous No.1449538]

Redpill me on gold please /biz/

I have never invested in anything before but am considering gold. Also, is silver even worth considering?

[Anonymous No.1449545]

>>1449538
bump

[Anonymous No.1449550]

>>1449538
gold is a meme.

[Anonymous No.1449552]

Glorified fiat
Same thing as a savings account

[Anonymous No.1449558]

>>1449538
gold doesnt earn interest and is a dead investment.

Good insurance policy tho

[Anonymous No.1449563]

>>1449538
You do not invest in gold. You trade it's swings up and down

[Anonymous No.1449574]

>>1449552
>>1449558
>>1449563
Ahhhhh I see.
So, gold is not an investment but just a way of shielding against inflation and things like that right?

[Anonymous No.1449579]

>>1449574
yeah.. dont put all your money on gold.. invest it in actual interest-bearing assets.. keep your gold below 3% of portfolio.

I've been holding physical gold for many years and it just barely keeps up with inflation.. Gold is a stagnant investment, but its nice to have. Gold futures are way better

[Anonymous No.1449580]

>>1449574
you're good to go now

[Anonymous No.1449587]

Gold is MASSIVELY overinflated right now... Look at a 20 year or longer chart... All the precious metals skyrocketed about 6 years ago and then all of them came back down EXCEPT FOR GOLD which only fell a little, by comparison.

If you look at a 100+ year average, you'd see the Silvers adjusted for inflation price is around $18.30/oz while gold should be in the $800 range give or take.

What this means, is that if you buy gold it might continue to be overvalued well into the future in which case you would do extremely well with it. I believe a more realistic outcome is that it will return to its historical average in which case you'd lose like 40% of your net worth.

This is why I perfer silver and platinum, they offer much more potential.

The old timers say gold usually outperforms silver... And it did... Decades ago to now. Presently, its just a gamble on the future, much more so than silver or platinum, whose demands will only increase as people look away from baseless fiat currencies like the dollar, and as international electronics-based manufacturing and automotive manufacturing both continue to expand rapidly.

TL;DR gold is overvalued, buy silver and platinum. Or land and guns.

[penny hardaway No.1449592]

>>1449587
in comparison to the dollar?...Gold has intrinsic value. The idea of buying is merely based on the fact that it can only appreciate.

[Anonymous No.1449594]

[Anonymous No.1449598]

>>1449552
Gold is literally the opposite of FIAT currency. Do you even /federalreservedocumentariesonYouTube/ bro?

Horrible advice/10

>>1449550
everythings a meme, that doesnt really mean anything now

>>1449563
Yeah, you do, if you want its long term protection as the value of the dollar continues its rapidly-speeding decent towards zero purchasing power.

>>1449558
Precious metals arent a "dead investment" they're checking some of your wealth out of the system and taking control and ownership of it. Its entirely possible to make money investing in precious metals, I DID THE EXACT OPPOSITE OF WHAT THIS BOARD TOLD ME TO LAST YEAR when they said "HURRR DURRR DONT BUY METALS DURRRRR" and I did anyway... I cashed out my silver after making a 32% gain on it in 8 months.

>>1449579
Or just pick a random percentage number out of the sky like this guy and his source did, and invest that much of your portfolio in it. Its much safer than holding fiat currencies or paper assets of any sort..

[Anonymous No.1449604]

>>1449587
Quality post right there.

What's your opinion on stacking silver coins? I heard it's pretty much pointless and that silver bars are the way to go.

[Anonymous No.1449620]

>>1449598
I dont think you factored in your premuims after you claimed to have made 32% ROI in 8 months. If youre trading physical, theres a 5%-10% deduction on premiums when you buy and sell. Who are you fooling?

[Anonymous No.1449664]

>>1449604

So long as its actual silver from a reputable mint, noone really gives a shit if its a round, a bar, a hexagon, a miniature statue of Darth Vader, whatever, so long as it actually is what it claims to be.

Sure, some collector may spend an extra $ or two if its a ultra rare holofoil 1993 casting where the 9s are slightly too close together and look like little bums, but people are generally after the silver content not the things themselves.

[Anonymous No.1449672]

Gold is only something you should buy for a SHTF scenario

As an investment it's pure shit it hasn't even gone past the 80's high meanwhile the stock market has gone up 1000% or some shit in the same period

[Anonymous No.1449755]

>>1449604
Close, you want the lowest over spot you can get, regardless of size and shape if you're in it to get the most for your money... If you just wanna whip out a big 100 ounce bar to impress friends/family, thats cool too, but know which of the above you want to do.

Places like JM bullion sell 1 ounce generic rounds for 79 cents, 69 cents, 89 cents an ounce over spot just depending, they almost always have something on special for these prices, although sometimes itll be a 5 or 10 ounce bar, and they're a great deal! Local shops here will let you have crusty old secondary market stuff for like $1-$1.50 per ounce.

I had lots of both, plus some smaller (5-10oz) bars just depending on what I could get a deal on when I bought it.

Usually you can get 100 ounce bars for about the same price over spot or just a little less, but I decided not to do this because part of why I bought was to barter in SHTF situations, and there a 1 ounce round would be much better than a 100 ounce brick, what do you have to buy regularly thats that expensive? With 1 ounce rounds I could barter for food, etc.

I felt the convenience of use was worth a few cents per ounce, personally. Best of luck!

>>1449620
Its hard to figure exactly what I made, because I bought at various prices, all in the $14 range last fall/winter with very low premiums and cashed out at $20.40 to an individual, not a shop. So, I made just over 25%, did better on some things than others, now just waiting to buy back in although I dont expect to for some time


>>1449672
No, no you shouldn't! What are you going to do with that $1,350 bar if you need groceries or fuel?!? Are you going to buy tiny factions-of-an-ounce bars for smaller purchases, knowing you'll get raped on the premium now when you buy them?

Smaller value individual pieces of metal are best for SHTF for this reason, and this is another reason silver is awesome.

Gold has been a shit investment since the 80's? Literally wat?!?

[Anonymous No.1449759]

>>1449755
yeah 25% ROI isnt bad.. trading silver isnt exactly that bad, but there are other ventures that make more than that, in the same amount of time. Im not a huge PM freak because of the hefty premiums.. but if you can walk away with profits from trading it.. its good. A tad low-risk for my liking, thats why i dont hold alot of PMs

[Anonymous No.1449760]

>>1449538
Precious metals are, as >>1449552 said, really a glorified savings account. "Traditionally" a portfolio will contain 10% to 15% metals specifically to hedge against economic issues. When markets fall, metals usually go up. When markets gain, metals fall.

Nothing wrong with buying gold, silver and platinum (I'd avoid palladium and rhodium, as there is a very limited market to buy,) but don't expect to make anything (unless the economy totally tanks, and nobody wants that,) and don't buy too much because it doesn't really "gain."

[Anonymous No.1449762]

>>1449759
Yeah, but its all just paper (or numbers on a screen) if/when the happening happens. This country isnt in good shape, and human history is anything but peaceful and tranquil. So I chose to pass on most things other than the metals!

This is what I was talking about (premium wise) earlier, today JMB has these 1 ounce bars for 85 cents over spot! Last time I went browsing there, they had some form of buffalo rounds for 79 cents.

To people looking to buy; this is a low premium. Its not much more than on your average 100 ounce bar and you have 1 ounce rounds to trade instead of a brick. Also helpful if you just need a little cash and dont want to sell your whole collection, you can just sell off a handful of rounds

[Anonymous No.1449767]

>>1449762
WOOP apmex is bringing the heat, $0.79 here!

[Anonymous No.1449769]

Provident metals seems to have the lowest premiums on 1 ounce silver anything right now, at least of the "big three" internet sellers, at 69 cents!

[Anonymous No.1449778]

>>1449538
gold protects your assets purchasing power in depressions... it is VERY undervalued atm, and we are on the edge of a global depression... if u have a lot of cash, i would buy gold or silver and put it in a safe.

[Anonymous No.1449785]

>>1449778
> i believe a pop in the global economies will happen with 6 months... first big banks, then fiat currencies will suffer.

[Anonymous No.1449852]

>>1449538
Gold is good if you are rich, otherwise go for silver, for silver to reach it's all time high it would need to more than double in $ price, while gold would be much less than double. Silver is undervalued relative to gold.

[Anonymous No.1449860]

Buy gold AFTER you become rich to store your wealth.

You aren't going to get rich from buying gold.

[Anonymous No.1449861]

>>1449755
this isnt a miata

[Anonymous No.1450100]

>>1449861
Sorry i dont know my faggot cars