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/biz/ - Business & Finance

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16542704 No.16542704 [Reply] [Original]

>a guy has 200k in the bank the people smile and call it smart
>a guy has 200k in gold stored in a vault buried underground the people frown and call it weird

>> No.16542708

>>16542704
gold is for clowns and boomers

>> No.16542717

>hoarding boomerrocks
>not digital gold called BTC

>> No.16542725

>>16542717
Bitcoin is not meant to be digital gold.
It is meant to be p2p cash, sparking a revolution and new economy.
BTC was captured and neutered by china and banks

>> No.16542731

>>16542708
https://nationandstate.com/2019/12/11/the-wealthy-are-hoarding-physical-gold/
https://schiffgold.com/key-gold-news/the-wealthy-are-hoarding-physical-gold/
https://www.sgtreport.com/2019/12/the-wealthy-are-hoarding-physical-gold/
https://libertarianhub.com/2019/12/11/the-wealthy-are-hoarding-physical-gold/

>> No.16543232
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16543232

>>16542704
The stock market had given a higher return over the same period than gold

>> No.16543291

>>16542731
The wealthy have to much money to spend. Who wouldn't hedge a friction of their money in some historical stable financial asset.
What's your point again?

>> No.16543359
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16543359

>>16542704
>"wow im so glad i have this gold now that the world is ending. people are certainly going to need gold for electronics and jewelry in this post-apocalyptic scenario"

>> No.16543394

>>16542704
Unless interest rates are <0% in your country it's retarded to hold cash.
It can make sense to own a bit gold but it should be a hedge against your other investment, not something you should have most of your money in.

>> No.16543460

Start prepping for the collapse of society. You have 5 years.

>> No.16543461

>>16543394
If you're young and won't need most of your savings for 5+ years then most of your money should be in a mix of stocks, real estate and bonds (depending on your risk tolerance). Besides that, you can put a FEW % in things like:
> precious metals
> crypto
> collectibles
> art

>> No.16543477

>>16543460
If you unironically believe in this meme then gold isn't what you should be buying. Buy food, guns, ammunition, batteries etc.

>> No.16543485

lmao what kind of people think someone's smart for having 200k sitting in cash instead of being invested?

Also
>Almost 2020
>Pet rocks

>> No.16543513

>>16543461
>Real estate
In practice for most people, this becomes the sole biggest investment that they make. They buy one house to live in for x milions and keep until they die.

>> No.16543709

>>16543232
Over a 15-year period, gold has outperformed stocks and bonds.

In just this year gold is up over 80% against the USD, imagine how much further the USD will devalue in the rest of this century with money printing increasing exponentially.

Constantly buying more and more gold and silver is a no-brainer with no long term risk.

>> No.16543728

>>16543359
You're being obtuse.

You can do this with any asset.

"Wow I'm so glad I have this paper with numbers written on it"

"Wow I'm so glad I have these internet gambling tokens"

Gold and silver are money, end of.

>> No.16543763

>>16543728
?????????????????????????????
those are useful in our current world
the only assets in the world worth anything if SHTF are ammo caches and guns

>> No.16543784

>>16543763
Gold and silver have never been worthless in 5,000 years of modern history. It was treated as money when 50% of the population of Europe was dying from the bubonic plague, I think as an asset class it can survive the Federal reserve printing too much currency and an economic recession.

>> No.16544423

>>16543763
In a shit hits the fan scenario it may be good to keep some gold handy so you dont have to have a shootout with everyone who may have something you want, or it may just delay a shootout but still.

>> No.16544463

>>16542704
>a guy has 200k in gold stored in a vault buried underground the people frown and call it weird
Anyone who does this won't be running his yap about it to any NPC within earshot.

>> No.16544706

>>16542704
>a guy has 200k in the bank the people smile and call it smart

That's fucking stupid unless his net worth is tens of millions or he is about to buy a house with cash.

>> No.16544921

>>16542731
the wealthy want yield retard. Whats the yield on gold again? Thats what I thought

>> No.16544935
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16544935

>>16542704
nobody thinks keeping your money in a fucking checking account is smart.

>> No.16545396

>>16543232
Before central banks normalized monetizing everything, yeah, after that no

>> No.16545501

>>16542708
Honk, honk, motherfucker

>> No.16545526
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16545526

>>16543763
You forgot toilet paper and ethanol.

>> No.16545529

>>16543477
And what if we already have plenty of those things? Where can I STORE my VALUE? Is there some sort of STORE OF VALUE that humanity has relied on for the last 5000 years?

>> No.16545540
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16545540

>>16542704
>talking to people about how much money you have

>> No.16545571

how liquid is gold anyway. how much can i dump / where can i sell?
if bitcoin turns to be not a failed project i think it will eat up part of gold's market share based on convenience in storage and liquidity alone.