[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

/biz/ - Business & Finance

View post   
File: 409 KB, 2500x1716, 05-02-gold-bar.jpg [View same] [iqdb] [saucenao] [google]
15845015 No.15845015 [Reply] [Original]

Would it be sane to buy gold from some custodial service that stores it for me? Schiff recommends it, but he's a shill too so I dunno what to think

>> No.15845033

>>15845015
Buy stocks, you brainlet, not shinny rocks.

>> No.15845036

>>15845015
depends on your situation, if you live within the euro zone i strongly recoomend it to store it somewhere else (swiss, etc).

do you fear your government? why do you want to buy gold?

>> No.15845045

>>15845015
Probably. If you keep it yourself it is harder to sell, since it needs to be verified. The only real way to verify that gold is gold is by Fire assay, which is expensive.

>> No.15845056

>>15845033
I have some stocks too

>>15845036
Yes I fear my government, but also hyperinflation and this recession coming 2021

>> No.15845067

>>15845045
When you buy it don't you also get some kind of certificate of authenticity that proves you got it from some govt-baptized seller?

>> No.15845126

>>15845056
why would you store your gold somewhere else if the government can get access to it overnight?
bury it in your garden (unironically) but read some guides how to do it right

>> No.15845136

>>15845015
buy synthetic gold instruments secured by cryptopgraphy and smart contacts you fucking boomer faggot

>> No.15845141

>>15845015
you're better off buying PAXG.

https://www.paxos.com/paxgold/

>> No.15845166

>>15845033
This.

If diapers suddenly become valuable and scarce, are you going to stock up on physical diapers? Fuck no, you buy the stock of the company making the diapers.

>> No.15845182

>>15845166
Precious metals are the stock of the world

>> No.15845187

>>15845166
if the reasons for the strong increase affect yourself will you shit in your stocks?

>> No.15845194

>>15845182
stocks outperform precious metals in any scenario of hyperinflation

>> No.15845320

>>15845194
Lolno, in the scenario of hyperinflation the employees stop showing up for work and the companies get looted.
In every hyperinflation scenario stocks has gone to 0.

>> No.15845364

>>15845320
The power of gold is measurement not hodl.
toilet paper and bic lighters go exponential against gold in hyperinflation

>> No.15845498

A friend of mine goes up to NYC and sometimes buys gold coins from the banks because they sell at or near the spot price. I asked him to buy me a couple ounces and when he came back he said they aren’t selling now. The only time that had ever happened to him was right before the 2008 crisis.

>> No.15845538

>>15845498
Oh shit, I need to go get some now

>> No.15845549

>>15845126
gold is based you can store it in seawater for 100 years and its ok

>> No.15845614

>>15845056
2021? We ain't gonna make it that long homie.

>> No.15846172

>>15845015
"If you dont hold the gold, you dont own the gold"

>> No.15846200

>>15845015
(they're full of chocolate)

>> No.15846369

>>15845015
Yes if there reputable with long track record

>> No.15846405

>>15845498
where in NYC?

>> No.15846411

>>15845015
if you aren't going to actually possess the gold, you might as well just buy gold ETF's. Custodial doesn't mean shit in precious metals. If you ever collect, you will likely get gold back with different serial numbers. That tells me they don't fulfill their custodial obligations.

If you don't hold the gold in your hand, you don't own gold, you own a promise to gold.

>> No.15846481

>>15845015
Buy digital gold Bitcoin-Gold. Also diversify with bitcoin-diamond. And make sure you have lots of original Bitcoin BSV. Buy coffee with bitcoin-CASH.

>> No.15846870

>>15845015
if you can hold it yourself you can defend it. ie bury it hide it never trust someone else

>> No.15846938

>>15845067
nowadays you want micro engraving on the metal itself

>> No.15847659
File: 680 KB, 1280x1810, 59483e1a9a7f80e7165c4ae8957f1f0ac43e4fdbf20feaa86d38a0c921e493bd.jpg [View same] [iqdb] [saucenao] [google]
15847659

>>15845136
based and decentralized-pilled

>> No.15848512

>>15847659
this is the most red-pilled thing I've read on 4chan after Q himself

>> No.15848668

>>15845015
>from some custodial service that stores it for me
So... how do you know the gold exists? What happens if one day they just disappear? Sounds like a stupid concept.

>> No.15848713

>>15848668
Depends who exactly the custodian is. Some are as legit at 500 year old Swiss banks.