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/biz/ - Business & Finance

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18076240 No.18076240 [Reply] [Original]

Buy gold. Buy silver.

>> No.18076856

>>18076240
What about mining stocks?

>> No.18076864

>>18076240
Fucking WHERE tho?!?

>> No.18077161
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18077161

>>18076856
>be me
>be prepared for Economic Boogaloo for years
>finally see the firs circuit breaker activate on the stock market
>THISISIT.EXE
>Buy Barrick Gold
>tell girlfriend, mother and friend about it
>since they weren't prepared for the boogaloo, it takes around 2 days for them to set up their brokerage accounts
>Barrick drops like 30%
>they buy
>Barrick pumps back 30%
>mfw everyone made money except me, even though I was prepared for this and they were just emulating what I was doing

>> No.18077182

>>18076856
This, idk whether to buy gold, or just buy loads of shares in barrick, newmont and Anglogold

>> No.18077242

>>18077182
buy both, fren
Barrick is higher risk - higher reward while gold is lower risk - medium/high reward

>> No.18077310

>>18077242
I'm just cautious of investing in gold because I don't like idea of these companies who "hold it for you" but also when it comes to selling physical gold i wouldn't even know how to go about that

>> No.18077323
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18077323

>>18076240
Silver is credit.

>> No.18077508

>>18077310
>I don't like idea of these companies who "hold it for you"
then don't buy GLD cause the custodian is HSBC, which is shady as fuck. Buy iShares.

Physical gold has a retarded spread. I don't know how it is in your country, but here the spread is like 10-15%. Fuck that shit.

>> No.18077539

>>18077508
Sorry I'm a newfag to biz, tf is an i share?

>> No.18077865

>>18077539
from your previous post, you seem to know what an ETF is. iShares is an ETF.
When you want to buy a gold ETF there are many to choose from. GLD is the most popular, but since you expressed concern that the companies who hold the gold for you might be untrustworthy (which I agree when it comes to GLD), I recommended the ETF from iShares.

>> No.18077999

>>18077865
Ah okay, thanks bro, my friend uses goldmoney, but i just don't like the idea of it

>> No.18078354

>>18076240
for me, it's Bitcoin