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/biz/ - Business & Finance

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15948924 No.15948924 [Reply] [Original]

>India is poo-

>> No.15948926

>>15948924
Poo in loo Rajneesh.

>> No.15948928

>>15948924
the age of the golden poo

>> No.15948933

Poo indeed.

>> No.15948944

>>15948924
What are the implications of this? It’s my impression that Indians prefer to hodl their pms for generations.

>> No.15948952

Should tell you much about it's actual value.

>> No.15948967

>>15948924
golden poo is still poo ranjeet

>> No.15948974

>>15948924
india is indeed poo. you're not very good at this whole english thing, are you Kumar?

>> No.15948984

that explains the boomer rock shills

>> No.15949006

>>15948924
Cant invest in human capital and have literal Somalia tier infrastructure but retarded cultural values compels people to buy boomer rocks.
>one shot at life
>born in this shithole

>> No.15949022

>>15948944

Lol no implication. It's just tradition to invest wealth in the form of gold ornaments or bullion at the time of marriage, festival or any major occasion.

And the goal is to never sell it. Selling gold means you're bascially bankrupt and it's very dishonourable. It's meant to go from one generation to the next. Indians are the true Hodlers

>> No.15949025

>private gold holdings compared to state holdings

This is an idiot’s comparison

>> No.15949071
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15949071

GOLD IS A LITERAL PAJEET COIN OH NONONONONONONO

>> No.15949077

>>15949022
Thanks for the info, that’s kinda what I thought. It does have implications on the physical market though: if they hold forever and buy at pretty much any price, it’s a constant source of demand/price support. If there’s some threshold price at which people would start selling en masse, that would definitely move the market. It’s complicated by the economic situation in India, obviously, with them having to transact in rupees or whatever, but presumably there would be a point where people would start divesting into cash, right?

>> No.15949097

why didn't the brits ship it out? serious question

>> No.15949098

>>15948944
India will survive the upcoming global economic collapse.

>> No.15949122

>>15949077
That's already happened anon. Millennials in India are not buying as much as their parents had.

>> No.15949123

>>15949098
some Indians will

>> No.15949124

>>15949077

Yes you make sense. However people won't ever sell gold that's the point. Nobody here puts money into gold with the intention of getting returns out of it. They do it because again it's a traditional thing.

My family carries jewellery of my great grandmother. It's necklaces and bangles around 4 pounds I would guess. And still we buy at whatever marriage or function comes up.

Recently prices in India boomed due to increase in import taxes on Gold. People were buying too much and India pretty much imports all of its gold so govt. had to put some restrictions.

Prices have incrased 30% since then and nobody is selling instead still continue to buy. Idk why the fuck I told you all this but I'm just giving you input into the local mindset. May help to whomever interested in doing research or wharever.

>> No.15949128
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15949128

>>15949071
Kek
>very good coin sirs gold will 10x very soon
> many rumors Gold will partner with Microsoft, google x gold partnership confirmed

>> No.15949133

>>15948924
Really makes me want to avoid gold and go for silver.

>> No.15949147

>>15949123

I can guarantee and even the poorest married couples in India have at least 10g of Gold. 100% with certainty. That's just how people roll here.

>> No.15949163

>>15948924
gold confirmed for scamcoin
schiff on suicide watch

>> No.15949172
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15949172

>>15949124
I appreciate it, thanks for the insight. As a gesture of gratitude I will refrain from posting poo-in-loo jokes and/or memes the next, say, three times I’m inclined to.

>> No.15949204

>>15949172

Thanks, I appreciate that!

>> No.15949232

>>15949022
Don’t bother trying to shift the opinions of this board, it’s basically /pol/-shitcoin edition after /pol/esmokers realised Trump was not gonna get dem jurbs.

>> No.15949251

>>15948928
Kek

>> No.15949379

>>15949204
My pleasure, but this guy >>15949232
just used up one.