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/biz/ - Business & Finance

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17872500 No.17872500 [Reply] [Original]

Guys, i've got 80K in savings. Should i buy gold or something else?

>> No.17872521

Keep cash. Trends needs to reverse first.

>> No.17872529

buy whiskey and coffee

>> No.17872546

Buy it while it is cheap

>> No.17872552
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17872552

>normies on /biz/

>> No.17872571

>>17872500
gold is literally dumping

shiny rocks are worthless anon

>> No.17872576

>>17872521
I'm afraid gold is going to skyrocket at any moment. What do you think?

>> No.17872596

>>17872500
Just buy honey and trade it for gold during the Apocalypse dude.

>> No.17872603

>>17872571
Well... what should i do then?

>> No.17872635

>>17872552
Oh i'm sir. I didn't knew we were on /pol/.

>> No.17872740

>>17872635
Honestly thats the problem everyone is having. I would say Gold or Oil. but then again, nothing is for certain right now... Water?

>> No.17872762

>>17872500
Yea. Probably.

>> No.17872780

>>17872576
>I'm afraid
Worst time to buy. When you're feeling strong emotions.
Best is to do small incremental buys.
It could drop all the way to 1300 before shooting up in a year

>> No.17872797

>>17872603
sit on cash, the shit show is just beginning. Be patient, the time to buy will come eventually

>> No.17872857

>>17872740
i'm balls deep in metals and oil/energy. just waiting on the launch platform while while weak hands fuel the rockets.

>> No.17872914

>>17872740
>water

Damm anon, now you gave me an idea.

>> No.17872931

>>17872500
Wait, or drop 10-20% in now max.

There is still a liquidity crisis with shitty collateral no one wants.

Family offices, trusts, high net worth individuals and funds need cash given the ‘everything bear’ market.

Gold always sells off in this situation, see 2008. Where bottom is is not clear, I reckon 1350 lowest, may be in.

When stock volatility settles, it’ll go up.

It will have a monumental run to 4-5k in the next few years.

>> No.17872981

>>17872931
Thanks for the advice. I'm almost convinced this is the best course of action.

>> No.17874052
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17874052

>>17872571
An ounce of gold can buy 50 barrels of crude oil lmao get the fuck outta here you normie

>> No.17874076

>>17872571
That must be why jp morgan is hoarding so much of it

>> No.17874092

>>17874076
Shiny rocks, that is

>> No.17874108

>>17874052
How many barrel of crude oil do you need to run the mining equipment to mine a ounce of gold? If oil goes down, gold is going down with it.

>> No.17874133

Once again gold proves itself to be the king of assets. Still holding strong at $1500 when many other asset classes are down much more. Silver on the other hand is once again proving it's the shitcoin of precious metals.

>> No.17874153

>>17872914
Michael Burry

>> No.17874359
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17874359

>Should i buy gold or something else?

Don't buy gold.

Number one usage of gold is JEWELLERY

And less people will buy jewellery during a time like now.

>> No.17874489 [DELETED] 

>>17874359
>Bar and coin investment halved in Q3 to 150.3t. Higher gold prices across many key currencies were the main cause of the decline to a multi-year low, as retail investors across the globe opted to defer purchases and lock in profits.

Note how TECHNOLOGY is the lowest category by usage.

>> No.17874501
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17874501

>>17874359
>Bar and coin investment halved in Q3 to 150.3t. Higher gold prices across many key currencies were the main cause of the decline to a multi-year low, as retail investors across the globe opted to defer purchases and lock in profits.

Note how TECHNOLOGY is the lowest category.

>> No.17874510

>>17874108
idk i was just gonna shove all the oil up my butt but you just had to use logic

>> No.17874517
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17874517

>>17874359
don't buy oil. number one use of oil is PLASTIC
and less people will buy plastic during a time like now

>> No.17874576

I think i'm just going to buy 2 or 3 100g bars and see what happens.

>> No.17874595

>>17874359
Yet Jewelry is one of, if not the highest, selling categories online for markets like Ebay, Etsy, and Mercari. Jewlery always demands a premium. It's a great investment. When the dollar can't be trusted, precious metals are a tangible normie asset, unlike stocks, crypto, and, yes, oil (unless you physically own it). Land is difficult to sell. Metal is small enough to carry around with you if you need to move. Easier to defend, and to trade behind the eye of uncle sam. Goberment gets in the way of inheritance from family by ass fucking with taxes. Metals can be passed to kiddos without having the pot pried from if you're smart about it.

...or hoard weapons

>> No.17874792
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17874792

https://www.gold.org/goldhub/data/gold-supply-and-demand-statistics

>>17874501
So I don't think gold is going to go much higher and could potentially go under $1000 if shills can't convince enough people that owning a shiny coin is more important than having toilet paper.

>>17874517
Keep COPING

That is a NECESSARY usage for oil.

The only necessary usage for gold is TECHNOLOGY which is also the LOWEST usage.

>> No.17874881

I started buying 5k of gold every week in 2019. When the potential war with Iran happened gold spiked. Then it spiked again as stock market started to crash. I thought I was a genius making money while stock holders were getting rekt. Then gold fell 10% and all my gains got wiped out. At least I'm only a little in the red compared to stock holders but fuck, I should've just shorted the market instead.

>> No.17874918

>>17872500
It’s dumping but all stock is disappearing and still selling higher then spot price because high demand.

Very likely it will pump but I am guessing it’s going to continue to dump with the markets until a recovery and then moon. Maybe 2-3 years from now it’ll be worth 2-3 times as much as current price.

I’d DCA a little in now and continue every couple months. You’ll never invest at the bottom. Unless you have inside knowledge but unfortunately unless you are of a certain tribe you won’t ever get access to insider knowledge

>> No.17875377

>>17872500
Stock is low for a lot of physical gold products, even kg bars are out on APMEX, which has the most liquid inventory out of all dealers IMO. 80k won't help when gold is sold out everywhere.

https://www.apmex.com/category/19490/1-kilo-gold-bars

On the other hand if you want to buy paper gold aka ETFs, I would highly not suggest it but do DCA if you must go in.