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/biz/ - Business & Finance

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18751826 No.18751826 [Reply] [Original]

I'm starting to get extremely frustrated with gold. U.S. Q1 GDP falls by 4.8%, and what does gold do? Go down. Mean-while, Bitcoin is up 6%. I am seriously considering selling some of my gold and getting into cryptocurrency, which I have never done before, simply because I cannot take this crab-like meandering any more. I am starting to think that Peter Schiff was wrong about Bitcoin. Perhaps it really is superior to gold, and gold is going to go sideways forever.

>> No.18751870

>>18751826
You can't send rocks ananymously across the world.

>> No.18751923

>>18751826
i hedge all my crypto with gold 1 to 1.
you will see very good results sir

>> No.18752266

It’s heavily manipulated and suppressed

Until shit truly starts to hit the fan, nothings gonna happen to it

>> No.18752315

>>18751870

Schiff's GoldMoney was supposed to do what Bitcoin does but with the backing of gold, but it was hamstringed into incompetence by government regulations, unfortunately.

>>18752266

This is why I'm getting frustrated and simply considering going into Bitcoin. I never took any interest in cryptocurrency until recently, because I thought it was a scam, but perhaps it really is the superior alternative to gold. If I'm wrong about that then I hope that somebody can talk me out of it.

>> No.18752498

>>18751826
>Gold up for the year
>Goes down $20
>”Fuck this, I’m all in crypto.”

>> No.18752523

>>18751826
Gold is suppressed, crypto being used for international transactions can't due to the market price eventually wining

>> No.18752561

>>18752315
Do this anon

1_buy 100 usd on bitcoin
2_send them to your wallet
3_buy something with it like gold

Once it clicks how revolutionary it is you will never go back to gold

>> No.18752624

>>18751826
do it, DCA into btc

>> No.18752641

>>18751826
>jewish dominated market monopol
>frustrated
No shit Sherlock..

>> No.18752665

>>18752315
>GoldMoney was supposed to do what Bitcoin

Custodial services arent the same as digital cash and Bitcoin is BSV.

>> No.18752713

Bitcoin has intrinsic value for anonymous purchases (at least at one time). Gold is literally just a shiny rock with limited uses. At least invest in a metal that is critical to something people want, like palladium which is used in every vehicle made. That lines up ethically with a growing world economy. Of course, if chemists ever find a replacement the value of that specific metal will plummet.

>> No.18752742

>gold
>2020

>> No.18752807

patience is rewarded. Wait out the coronacrisis, gold will shoot up end of year guaranteed

>> No.18752829

>>18752561
fiat would be better for that. Paying with btc is a pain in the ass

>> No.18752865
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18752865

Bitcoin is going up because of a wave of Trump niggerbux went out today , they are weekly on Wednesday.
Same day the fed makes a bunch of last minute junk bond purchases and racks 250 billion on their balance sheets.

>> No.18752912

>>18751826
Lmao gold. Is it still 1800?

>> No.18752953

>>18752665
buy bsv sir

>> No.18753114

>>18752865
Me on the left.

>>18752953
This, but unironically.

>> No.18753221

Gold is a hedge, not an investment. Goldbugs will miss dozens of bullruns over their lifetime because they're married to a commodity.
Even worse, they're married to a narrative. Floated by gold salesmen.
That is all.

>> No.18753556

>>18753221
>fractional reserve monetary system is just a narrative bro. Fiat currencies are safe

>> No.18753587

gold will be sold for cash to service debts and operational budgets just like everything else

nothing will be safe when consumption/demand is almost nil within the economy

>> No.18753624
File: 75 KB, 752x752, very spoopy.gif [View same] [iqdb] [saucenao] [google]
18753624

>>18752829
Most places accept ETH now.

>> No.18753682
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18753682

>>18751826
Lmao this >>18752498 Besides there's no reason not to own both. This is the time to take small profits and move those into gold. It's like pic rele only dynamic

>> No.18753688
File: 93 KB, 1170x550, cryptopmalliance.jpg [View same] [iqdb] [saucenao] [google]
18753688

>>18751826
Gold is literally performing better than BTC (or any other asset) this year.

Gold YTD - +12.7%
BTC YTD - +7.88%
S&P YTD - -9.5%
NASDAQ YTD - -1.14%
DJIA YTD - -14.05%

Congratulations OP you are retarded.

>> No.18753694

>>18752315
>Schiff's GoldMoney was supposed to do what Bitcoin does but with the backing of gold

Learn about synthetix and sXAU

>> No.18753708

>>18751826

you bought boomer rocks and expected something different than crab like meandering lmao

>> No.18753899

>>18753556
Millions of people got rich during this fractional reserve system by riding stonks while the grumpy goldbugs stood holding their bags on the sidelines.

>> No.18753977

>>18753688
Expand to 5-10-20-50 years, you raging ball sucker

>> No.18754045

>>18751826
Fucking lmao. You mesmered boomers will never learn.

>> No.18754220

>>18753977
What does 'moving the goalpost' mean?
OPs post is about how gold is doing during this crisis. Gold is literally the best performing asset in this crisis, and provably so.
If you want to let go of your father's cock for long enough to type that nonsense, how about instead you just go start your own thread so you can talk with your friends about the joys of getting triple teamed by your next door neighbors you tremendous froofy la la sissy fag.

>> No.18754242

>>18752953
>buy bsv
>get dumped on by mtgox very soon
Yeah, na.

>> No.18754365
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18754365

Gold still down, bitcoin up 8%.

>> No.18754414

>>18753899
Gold outperformed the DOW.

>> No.18754749

>>18754365
See
>>18753688

>> No.18754777
File: 65 KB, 215x300, TheSchiffHasSailed.png [View same] [iqdb] [saucenao] [google]
18754777

>>18751826

>> No.18755042 [DELETED] 

>>18754749

Schiff was begging people to buy silver at $30 an ounce; it is currently $15 an ounce. He was telling people to buy gold at $1900 an ounce; it languished at $1000 for years, and is only just barely beginning to get back to its recent highs, ten years later. In the mean-time Bitcoin became the investment of the century, and the stock-market went up threefold. You are duplicitous.

>> No.18755076

>>18754749

Schiff was begging people to buy silver at $30 an ounce; it is currently $15 an ounce. He was telling people to buy gold at $1900 an ounce; it languished at $1000 for years, and is only just barely beginning to get back to its old highs, ten years later. Even then it has $200 to go. In the mean-time Bitcoin became the investment of the century, and the stock-market went up threefold. You are duplicitous.

>> No.18755090
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18755090

>>18754777
Nice trips

>> No.18755109

>>18754777
I really have no idea why Peter Schiff is so autistic about gold. I guess I shouldn’t be surprised since jews name their kids goldmoneyrock

>> No.18755129

>>18755076
Oh OK this is a troll post.
See your original post was “Gold is doing bad during this crisis” that’s provably wrong. Now I see that this is just a post you made so that you can talk about how much better bitcoin is than gold in general. That’s fine, I own both have your fun.

>> No.18755888

>>18752315
Not your keys not your gold