Gold

[Anonymous No.18582905]

Redpill me on buying gold.

My local gold dealer charges 7% over spot to buy, and I'm sure its another 7% to sell. So I'm already losing at least 10% converting fiat to gold. But the price of gold is still below what is was in 2011.

Everything Peter Schiff says makes sense to me, but I don't see gold growing against inflation as I would expect. Is he just a shill since he runs a gold company?

There would have to be massive inflation like in the 70s, but wouldn't stocks and real estate beat it? Not to mention the risk of counterfeit and being robbed. What am I missing here?

[Anonymous No.18582967]

Gold has been the reserve currency since the dawn of time. They removed the gold standard in the 70s and within 50 years the global economy is imploding.

[Anonymous No.18583044]

Gold is nothing more than paper money, except less convenient. Also, there's lots of morons that believe it will somehow take place of paper cash again. It's the same speculative bubble as bitcoin.

[Anonymous No.18583086]

>>18583044

[Anonymous No.18583102]

>>18582905
Hes been shilling gold when it was cheap before the ATH and when it was still relatively expensive. Hes very well versed in economics but don't take his opinion on gold as the end all be all of gold analysis. You have to do your own research because he was telling people to buy at 1600 right before it tanked into the low 1100s. Like I said though, hes really smart, but hes so in love with gold he really can't tell when it's not a good purchase.

[Anonymous No.18583126]

[Anonymous No.18583206]

Essential viewing. Hidden secrets of Money
https://www.youtube.com/watch?v=DyV0OfU3-FU&list=PLE88E9ICdipidHkTehs1VbFzgwrq1jkUJ

[Anonymous No.18583264]

>>18583126
This.

[Anonymous No.18583307]

>>18583126
What about silver?

[Anonymous No.18583560]

>>18582967
If only we could go back to the good old days where there was a gold standard and a stable economy. The year 1929 for example.

[Anonymous No.18583574]

>>18583206
I seen't it. It all makes sense, but the cost of buying and selling gold seems too high. How much should it cost online?

[Anonymous No.18583586]

>>18582905
STOP VALUING GOLD IN TERMS OF DOLLARS YOU FAGGOT. THE ENTIRE POINT OF BUYING GOLD IS SO YOU HAVE MONEY AND WEATH FOR WHEN THE DOLLAR COLLAPSES.

Did gold all of a sudden become valuable when america was born and the dollar was created? Nope. In fact it was gold that gave value to the paper dollar. So valuing it in terms of dollars is just retarded.

All your fucking housing is going to COLLAPSE up to 90% or more. You buy that gold....and then when gold is revalued to say 25k per ounce to purge all the debt from the system....and you have a deflationary collapse of all asset prices....and a median priced home that is currently 170k is now worth 25k, you now get a home free and clear for the 2k it cost you to buy that gold ounce in todays fiat paradigm.

Get it now?

When gold goes up in price that is not the same thing as amazon stock going up in price. Gold is savings it is not an investment.

In fact, when you buy gold you arent really buying anything...you are just converting your worthless paper wealth into a real store of value and a real asset. The dollar used to be as good as gold because gold backed it. and because gold doesnt back the currency anymore the jews all confiscate all our wealth through inflation which leads to niggers protesting in the street about wanting 15$ min wage, because everyone is getting poorer.

[Anonymous No.18583642]

>>18582905
Gold is for generational wealth, no point investing for 10-20 years. Gold is for 50-100 years.

[Anonymous No.18583680]

>>18583586
yeah i think of it as i have $2000, i convert it to gold and/or silver to hedge. whatever price the market offers is a fair price. it's always a 1:1 trade no matter the price

[Anonymous No.18583695]

>>18583586
What's the point of having gold coins at that point? The post-apocalyptic biker gangs are just going to murder you and loot it from your corpse.

[Anonymous No.18583700]

>>18583126
That's a futres price. It will change.

[Anonymous No.18583768]

>>18583044
You clearly don’t understand the effects of having gold as backstop for your entire nation’s economic system and why it’s a great thing and also why none of this fucking bullshit that’s been happening since 1970 could have been avoided and replaced by events, economic freedoms and general public well-being that would be infinitely better than the dumpster fire that we call human society.

[Anonymous No.18583813]

>>18583642
kys...its always...i save it for my grandkids and pass it on. Well they are right, but the world is now imploding...and our grandparents who bought it in the 60's to pass it on to their grandkids are the ones who will benefit from this massive shift now.

[Anonymous No.18583814]

>>18583768
>why all of this bullshit could have been avoided and replaced

[Anonymous No.18583935]

>>18582905
The idea is insurance. You buy for say $2000, and you might expect to be able to sell it in the future for at least $1800.
Beware, though. Gold price when people are scared tends to be higher than the average. Buy a little in a set period (say, once per month), and keep "stacking," like they say.
This way you will sort of average the price over time. Of course you can buy more if you think it is "cheap."

[Anonymous No.18583990]

>>18583935
The fucking petrodaillar is collapsing right now dude. You sound like a dude giving investment advice on gold in 1993 when shit is normal.

[Anonymous No.18584046]

>>18583695
>muh "why would you need gold if it's the apocalypse"
I swear the kike who came up with this dumb shit argument was a genius. It's being parroted by all the retards that think they are smarter than average. I have to admit it does an amazing job of keeping people that are skeptical of the financial system and the government, out of the gold market.
>You wouldn't want gold, goyim. Think about the apocalypse and disregard the fact that gold has survived for thousands of years and now you can literally buy an ETF and liquidate it anywhere in the world, in any currency, with a click of a button.
>ETFs are just paper gold, goyim. You can't be sure
>physical gold will be looted by Mad Max style gangs, goyim. Avoid it.

[Anonymous No.18584076]

>>18583990
If a deflationary collapse happens before America goes full Jerome it would be better to keep some dry powder.
That depends of course on how much money Anon wants to invest. Maybe going %5 in gold from nothing is OK at any time.

[Anonymous No.18584104]

>>18582905
Think about it this way OP. How many oz. Of gold do u need to buy a house?

[Anonymous No.18584167]

>>18584046
Surely it attracts a lot of violence, from people who would think the gold would be better in their hands.
If you need to sell during a period of madmaxing, you are fucked.
Keep your mouth shut, and don't try to sell the idea to people you know.

[Anonymous No.18584176]

>>18584046
Why not invest in guns instead? That way you'll be able to shoot the other survivors and loot their food and water.

[Anonymous No.18584216]

>>18583560
By comparison to this, yeah. Lmao if you think this isn't worse

[Anonymous No.18584268]

>>18583695
The Soviet Union went through a complete political collapse of apocalyptic proportions, with criminal gangs literally the largest sector of the real economy, and gold didn’t become magically worthless over there

[Anonymous No.18584331]

>>18584176
During an actual collapse guns will become worthless because everyone with a mill and lathe will be cranking them out and foreign countries with huge stockpiles like Russia will be dumping weapons into the west

[Anonymous No.18584339]

>>18584167
buy an ETF, retard
or if you buy physical, keep your dumb mouth shut. How come every mouth-breather thinks that the moment you buy gold it gets posted on a public blockchain and a sign erupts in front of your house that says: "HEY I JUST BOUGHT GOLD, COME AND ROB ME".

>>18584176
who's stopping you from buying both?

pro tip: there won't be a Mad Max apocalypse, but go ahead and keep fantasizing about it and don't buy gold. Just don't be surprised 18 months from now when you'll be selling your house for 10 ounces of gold.

[Anonymous No.18584351]

>>18583044

[Anonymous No.18584352]

>>18584176
Well rounded portfolio would include guns and ammo along with precious metals

[Anonymous No.18584434]

>>18582905
gold is valuable and will always be valuable, you never lose money when you "invest" with gold. Note that I put quotations on the word invest, it's not really an investment, It's more of a safekeeping of your money so it doesn't lose value.
>>18583102
Buying gold at any point in time is a good time, the goal when you buy goal isn't to make money off it, It's to have a reliable and unhindered way to store your wealth without it losing value. Long term IE 10 years you never lose money with gold, That being said don't buy gold unless you plan to hold it for 10 years or more.

[Anonymous No.18584460]

>>18584434
*the goal when you buy gold, lol

[Anonymous No.18584470]

>>18583586
Yes, I get it now.

Converting fiat to BTC costs much less in fees and is easier to liquidate back to fiat for purchases and BTC has the potential to moon more than gold since it has a fixed supply. But I suppose the difference is that gold has been used for thousands of years and bitcoin hasn't.

I want to hold both as a hedge but I'm having trouble eating the ~10% cut for buying gold and the risks associated with holding it physically.

[Anonymous No.18584471]

>>18584339
Some smaller countries indeed went Mad Max.
Counting on cashing gold out during severe crises might be dangerous. And it may happen that price is depressed during those.
I think gold is great, but for long term savings. Not to buy because it will go TO INFINITY AND BEYOND.

[Anonymous No.18584516]

>>18584434
I'll add, buy chainlink and BTC if you want to make money, They will 100% be worth more than what they are now, by 2024. Mid 2020's is what the European union likes to describe when talking about central banking digital currency and its banks that are fully committed. There's no stopping digital currency, NSA developed SHA-256 in 2001, it's all been planned.

[Anonymous No.18584622]

>>18584471
What assets will be safe to cash in a mad max scenario? Will cash even exist?

[Anonymous No.18584628]

>>18584471
>Some smaller countries indeed went Mad Max.
hence you buy an ETF and you move the fuck out of the country when shit hits the fan. Or do you think that literally every country on earth at the same time will turn into a dystopia? You're literally not buying gold in a moment in history when it's the safest investment, just because there's 0.0001% chance that ALL countries will post-apocalyptic hellholes. Very rational thought process.

[Anonymous No.18584666]

>>18582905
I had a friend investor here in brazil buying 140kg of gold last week due to coronavirus.

At first, I didn't get it, but now its very clear what is the play here. I think you should study and do it.

[Anonymous No.18584735]

>>18584666
Based satan, also he's transferring his wealth to gold, because he knows your economy is about to inflate/market is about to crash and he's hedging it in the only thing that's safe.

[Anonymous No.18584825]

>>18584666
he bought paper gold, he will loose everything

[Anonymous No.18584871]

>>18584470
>I want to hold both as a hedge but I'm having trouble eating the ~10% cut for buying gold and the risks associated with holding it physically.

Youll be kicking yourself in the face when the dollar collapses over a measly 10% fee, and you are now destitue.

I have no fucking clue what BTC is going to do during all of this. It might be good it might be bad...but if you doint have gold you will be fucked.

[Anonymous No.18584902]

>>18584434
>gold is valuable and will always be valuable, you never lose money when you "invest" with gold. Note that I put quotations on the word invest, it's not really an investment, It's more of a safekeeping of your money so it doesn't lose value.

No, gold IS money. Money is savings, gold is the only form of real savings.

[Anonymous No.18585082]

>>18583044
>Gold is nothing more than paper money
kek
t. gold and arpa investor

[Anonymous No.18585110]

in a time of crisis, natural human behavior is to cling to something that is real, solid, shiny and rare. Crypto won´t work in a real crisis because people want to have something that they know is 100% real, something they can touch and smell, not some digital specualtive currency that could go to 0. Gold and silver will never go to 0.

[Anonymous No.18585127]

>>18583560
>let's buy stonks on (((margin))) and over-inflate their actual value thus destroying true price discovery
Wait....

[Anonymous No.18585219]

>>18585110
Not to mention the fact literally nobody you see walking around owns crypto. And even if some boomer wanted some in exchange for his toilet paper...it would take an act of god for him to figure out how to set up a hardware wallet.

[Anonymous No.18585417]

>>18584902
>No, gold IS money. Money is savings, gold is the only form of real savings.
that's what I said, sodium chloride

[Anonymous No.18586734]

>>18584825

Not paper gold.

He bought it from a mine in Guyana.

[Anonymous No.18586805]

>>18584434
I agree with you, I was just making the point that at times the dollar can purchase more gold and at times it purchases less gold. If you can read a market and are patient enough it's good to load up big while its "cheap" instead of just buying all the time. Not that theres anything wrong with buying gold on a weekly or monthly basis.

[Anonymous No.18587823]

>>18583126

COMEX aka CRIMEX is what he's mainly referring to.

The central banks use the paper market as a tool to suppress the price to:
A) Hide the true rate of asset inflation (i.e. when gold is outperforming the market, the market isn't really doing well... is it?)
B) Buy up huge quantities for relatively little, to prepare a countermeasure for possible currency crisis and deflationary death spiral

The fed is boxed into a corner. The only way gold does not rise dramatically is if they find something stable to peg to the dollar or replace the dollar with which can inspire confidence (they won't).

And even in that fantasy scenario, gold doesn't really lose, it just doesn't gain. It's an extremely lopsided risk/reward ratio, which is why there's all the FUD about it.

[Anonymous No.18587844]

>>18582905
https://www.youtube.com/watch?v=z2bom4AFYRk this might help you understand.

1. buy from a reputable dealer, even if he is at the moment charging 7%.

2. it wouldnt be the first hyperinflation in history. In those phases gold always beat the stock market or real estate or any other asset.

price is relative, Gold is an insurance against money printing, and oh boy are they printing.

[Anonymous No.18587902]

>>18582905
>Everything Peter Schiff says makes sense to me
I'll sell you a time share in Aspen. It's a GREAT invenstment

[Anonymous No.18587937]

>>18584470

We are all at a wonderful ball where the champagne sparkles in every glass and soft laughter falls upon the summer air. We know, by the rules, that at some moment the Black Horsemen will come shattering through the great terrace doors, wreaking vengeance and scattering the survivors. Those who leave early are saved, but the ball is so splendid no one wants to leave while there is still time, so that everyone keeps asking “What time is it? What time is it?” but none of the clocks have any hands.

I would like to remind everybody that bitcoin is now trading under the ticker symbol BSV, The bitcoin protocol has now been set in stone and that network and only that network is globally scalable and growing with ever more usecases appearing and being developed. If you do want to leave the party please take that carriage, as all other carriages except physical gold and eventually silver will soon turn into onions... I´m already hearing hoofbeats coming, negative oil is just one of those beats, prepare for more.


Oh, and plant a garden. All those prepper seeds that you bought years ago.... this is the time to plant them.

https://www.youtube.com/watch?v=DwhhllRHWIc

[Anonymous No.18588105]

>>18582905
>My local gold dealer charges 7% over spot to buy, and I'm sure its another 7% to sell.
Your local gold dealer is screwing you massively.

>>18583044
>Gold is nothing more than paper money, except less convenient.
Compare holding paper money for 100 years, versus holding Gold for 100 years. Paper money loses value over the long-term. Gold appreciates slightly over the long-term. Over a century, or any long period of time, there emerges a huge difference.

>>18583586
>All your fucking housing is going to COLLAPSE up to 90% or more.
What does "up to 90% or more" mean? Doesn't that literally cover every possibility? Less than 90%, or 90%, or more than 90%?

Also, housing prices have never decreased by 90%, even in the great depression or the 2008 housing bubble. And it's never going to happen across the entire US - unless something like Mad Max or The Walking Dead apocalypse happens - which hasn't ever happened in human history.

>>18584046
People have stored value in many different physical objects across human history. Gold is not uniquely valuable, or anything. The opposite, really.

Gold is less useful in a collapse than most other stuff people stored 150 years ago. E.g. food, tools, firearms, land.

>>18584331
Foreign countries are only going to dump guns in the US if there is a total collapse of the US military. Which is unlikely, even in a very apocalyptic scenario.

And creating reliable guns on a mill/lathe isn't easy. I'm not saying that some people won't learn - but it's not a common skill. Many gun manufacturers have difficulty producing reliable weapons. Also, it will be pretty easy for there to be an ammunition shortage.

>>18584268
Gold also didn't explode in price. If you had to go through the Soviet 1990s, you'd stock up on necessities like water, canned food, medicine, land, et cetera. Not Gold.

Although you'd obviously prefer Gold to paper currency.

>>18584471
>Some smaller countries indeed went Mad Max.
You need to re-watch Mad Max.

[Anonymous No.18588261]

>>18584471
>Some smaller countries indeed went Mad Max.
Which countries are filled with loads of mutants? Where can I see the thunderdome?

Mad Max is a massive apocalypse. We've seen plenty of collapses, but none of them as bad as Mad Max.

>>18584622
In a massive apocalypse? Nothing will be "safe". Stuff like stored/canned food, medicine, clean water will be valuable. And the tools that help you acquire those things (e.g. the tools to purify water) will be very valuable. But that type of apocalypse is unlikely.

In a more realistic scenario, like a Venezuela-type collapse? Productive assets like land will be valuable, too. Or a highly reliable job, that you can't lose, even if stuff gets really bad. It certainly doesn't hurt to have several months of income in precious metals, too.

>>18584628
>Or do you think that literally every country on earth at the same time will turn into a dystopia?
They do think that. It's not a well-thought-out idea.

>>18585110
Gold won't do well in a huge crisis, either. If you're unsure about whether you'll have enough food to eat a month from now, you won't be willing to exchange canned goods for gold.

[Anonymous No.18588377]

>>18584470
Hang yourself.

[Anonymous No.18588411]

>>18584516
(((They))) sure as fuck aren't using either of those you inbred.

[Anonymous No.18588472]

IF YOU LIVE IN THE WEST YOU SHOULD BE SCARED

https://youtu.be/qkm1RYLV5j0 [Embed]

[Anonymous No.18588556]

>>18587823
What about silver? There's more of it, right?

[Anonymous No.18588611]

>>18588556
Silver & gold tend to rise together so silver could go up again but gold is likely to be the stabilizer for the financial system. Some countries that have silver mines may find it advantageous to adopt a bimetallic or silver standard.

[Anonymous No.18588637]

>>18588611
Would a PM mining ETF be honored in the scenarios we're talking about? I already have some bullion but I do want to put some cash in the right ETF.

[Anonymous No.18588713]

>>18588637
PM Mining ETFs just own or rent a bunch of stocks and are backed by the issuer of the ETF (usually a major bank). Fairly low risk unless it's a small cap etf - in which case there could be liquidity issues with the fund.

It's funny, most people have no idea how ETFs actually work they are just marketed as tracking an index of a specific asset class but some are a lot safer than others.

[Anonymous No.18588999]

>>18582905
>95% of /biz/ says jews are bad
>at least half of /biz/ literally worships this jew
???

[Anonymous No.18589934]

>>18587902
>Aspen
>tfw the ski season ended early
brehs I just want to get out there and shred some nar. Bringing up Aspen made me totally nostalgic from when i lived there.

[Anonymous No.18590349]

>>18582905
Let me explain what Peter Schiff is to you.

>Imagine there was a race track, horses and greyhounds and shit.
>Every day this race track holds 100 races.
>You come in one day, and it's clear they've been doing races for quite a while.
>You're not sure exactly how many they've done that day, but it's probably pretty close to the end.
>Peter Schiff comes along and tells you, with fucking impeccable logic, that the black horse is going to win the last race.
>And you know he's right, you know it in your soul that on the very last race, the black horse will win.
>However, on all the other races, the black horse kind of sucks and only comes in like 4th or 5th.
>It doesn't lose, but it usually doesn't win either.
>But every race, without fail, there's Peter Schiff.
>"Bet on the black horse anon" he says "you know he's going to win the last one!"
>And so you do, for years and years, all the while watching all your friends who bet on different horses make WAAAY more money

That's Peter Schiff. He's right, eventually the dollar is going to tank. Eventually gold is going to moon. But he's been saying the same damn thing for like 40 years now, so what's to say it won't be another 40?
I'm saying this to you as someone whose main investment is gold. It's hard for me to look out there at clown world, with the Fed openly buying bonds and printing trillions, and the complete clownishness of negative oil prices, that we're not near the end game. But who knows, maybe we've got another ten years before this shit pops off.

[Anonymous No.18591119]

>>18583574
how about something like this?
https://www.goldmoney.com/
liquidity of cash, backed by gold.

[Anonymous No.18591400]

>>18582905
Guld

[poopy No.18591645]

silver will b big weiner bois

[Anonymous No.18591907]

>>18584516

[Anonymous No.18591940]

>>18591907
Ok Boomer: The Post

[Anonymous No.18591974]

Buy your gold in jewellery. That way the Feds will be less likely to confiscate it, and you can wear it across borders.

t. schizo

[Anonymous No.18592002]

>>18583044
>Gold is nothing more than paper money, except less convenient. Also, there's lots of morons that believe it will somehow take place of paper cash again. It's the same speculative bubble as bitcoin.
Traslation from jew: Yes goy, it's not comfy, leave that gold to me