USD crashing

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USD crashing Anonymous Mon Jul 27 01:25:01 2020 No.20724566 [Reply] [Original]

why is there not a thread about this? the dollar is losing value fast and more people are buying gold and silver.

is this a direct consequence of trump bux?

>>	Anonymous Mon Jul 27 01:31:28 2020 No.20724642 Converted all my AUD to USD and BTC in April. Why are shitcoin currencies pumping against daddy USD? Am I going to be financially ruined?

>>	Anonymous Mon Jul 27 01:32:16 2020 No.20724655 >>20724566 euro nazis are happy the dollar is falling before our eyes yes.

>>	Anonymous Mon Jul 27 01:33:00 2020 No.20724671 >>20724566 Because the Banks have gone full clown world and are run by financial illiterates who deliberately write cheques to anybody who doesn't talk about anything real.

>>	Anonymous Mon Jul 27 01:34:12 2020 No.20724685 >>20724566 >Create 6 trillion dollars over a few months >W-Why is the dollar losing value!

Anonymous Mon Jul 27 01:34:16 2020 No.20724688
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>>20724566

/biz/ was warned since May and June. (https://i.warosu.org/biz/thread/19669109
.) Get out of dollar-denominated assets and buy physical gold and silver, along with the GDX, GDXJ, SIL, SILJ mining indices.

>>	Anonymous Mon Jul 27 01:34:22 2020 No.20724690 >>20724642 You do understand that BTC will have it's mempool backlogged to hell if people flood into BTC, right?

>>	Anonymous Mon Jul 27 01:34:37 2020 No.20724696 The company I work for has had at least 7 figures brrrrrrrr’d off for them. What an absolute joke we’re 20 something trillion dollars in debt and billion dollar companies with billionaire owners are getting truck loads of money.

>>	Anonymous Mon Jul 27 01:34:42 2020 No.20724697 DXY has been in the same shallow range for 5 years you utter retard, this isnt out of the ordinary

>>	Anonymous Mon Jul 27 01:34:48 2020 No.20724700 >>20724655 Europe is doing the exact same thing.

>>	Anonymous Mon Jul 27 01:37:30 2020 No.20724740 >>20724671 >Financial illiterates They know exactly what they are doing.

Anonymous Mon Jul 27 01:38:35 2020 No.20724758
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>>20724566
>Yale economist predicts dxy falling to 70s
>second run of stimulus expected
>covid Cases rising
>upcoming presidential elections create more uncertainty
>European countries and japan seem to be coming out of the covid bottoms
>>weak usd

>>	Anonymous Mon Jul 27 01:39:10 2020 No.20724765 >>20724690 That's not what I asked

>>	Anonymous Mon Jul 27 01:41:37 2020 No.20724797 Guys I got like 30k in the bank, what should I do with it? Is it gonna lose all it's value soon?

>>	Anonymous Mon Jul 27 01:41:57 2020 No.20724802 But the USD is barely inflating and other economies crave USD to perform their transactions. The US is lending more and more USD. Why should the value drop?

>>	Anonymous Mon Jul 27 01:42:23 2020 No.20724807 File: 116 KB, 500x264, framed193idiocracy8.jpg [View same] [iqdb] [saucenao] [google] >>20724765 Listen, BTC literally can't pump without it becoming dysfunctional. What do you think?

>>	Anonymous Mon Jul 27 01:43:05 2020 No.20724822 >>20724688 But USD is the reserve currency and all other countries have to pay their debts in USD. So whatever the US Fed prints, other countries have to print too right? I keep seeing that we're gonna see deflation first and then inflation.

>>	Anonymous Mon Jul 27 01:43:10 2020 No.20724823 >>20724758 Japan just hit record highs for cases this week

>>	Anonymous Mon Jul 27 01:43:42 2020 No.20724835 >>20724797 Bitcoin, gold, and/or silver

Anonymous Mon Jul 27 01:43:54 2020 No.20724836

>>20724797

Follow my advice here. >>20724688 Buy gold, silver, and the miners. Don't go all-in, because there might be a pullback at any time, but at least get some exposure. Proof of my credibility: told /biz/ to buy a list of mining stocks one month ago which doubled, and told /biz/ to buy the GDXJ and SILJ months ago, which should be up 200% by the end of today. >>20597543 >>20603169 >>20675348 Also predicted in May that the dollar would get trashed and gold would go up, as you can see in that screenshotted post.

>>	Anonymous Mon Jul 27 01:45:10 2020 No.20724850 >>20724807 You're gay and this is dumb as fuck

Anonymous Mon Jul 27 01:45:45 2020 No.20724852

>>20724566
Because /biz/ is the ultimate denial board of 2020. You can't convince these greedy Jew kikes nothing without short of a bullet to their fat fucking honkers. I've been saying this shit for months and their too busy posting "today's daily profit :)" like brainwashed good goys. Like fuck me sideways.

>>	Anonymous Mon Jul 27 01:45:52 2020 No.20724856 >>20724836 what if i just make more money? doesnt that work too?

>>	Anonymous Mon Jul 27 01:46:16 2020 No.20724866 >>20724822 This isn't the 1930's. Deflation would be very short and gold will literally be unobtainable compared to what it's like now.

>>	Anonymous Mon Jul 27 01:46:30 2020 No.20724870 >>20724802 >>20724822 Then tell me why the USD IS dropping? We don't need to prove the USD is losing value, we're watching it IN REAL TIME.

Anonymous Mon Jul 27 01:46:40 2020 No.20724872
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>>20724822

Copying a lot of this post from /smg/ in order to avoid repeating information:

"Deflation, then inflation" is what all the TA people have been predicting for months now. On that basis, people have been saying gold would go down again since April. Things may not pan out that way for two reasons:

1) Historically speaking, PMs and miners have not crashed on the second leg down of a stock market crash. For example, in the Great Depression, Homestake Mining, the ancestor of Barrick Gold, which is in the GDX, was going up 90% just as the Dow was crashing 90%. All in all, Homestake went up 500%.

https://goldsilver.com/blog/how-would-gold-perform-in-a-second-stock-market-crash/

Gold has also thrived in the deflationary environment of Japan: https://www.youtube.com/watch?v=w5ffEORwWkk

2) The PM market, which has been manipulated for years via paper derivatives, is now becoming unmanipulated. A short squeeze is now underway, and a thing called the COMEX, which is where the manipulation takes place, is in danger of imminent default. It all started when the billionaire Eric Sprott demanded actual physical delivery of one tenth of the world's annual silver supply. Silver jumped from $19 to $23 almost overnight. He has stuck the knife into the bankers and they are fleeing in terror. Four banks are losing $280 million for every dollar silver goes up by. Everything which you need to know is in the links below. I especially recommend watching the video.

https://www.youtube.com/watch?v=XliHE6QgljY

https://twitter.com/MacleodFinance/status/1285299968446783488

https://kingworldnews.com/silver-short-squeeze-alert-sprott-silver-trust-to-purchase-1-5-billion-of-physical-silver-a-jaw-dropping-8-8-of-annual-global-production/

https://www.goldmoney.com/research/market-updates/silver-scintillates

https://kingworldnews.com/this-is-the-real-reason-why-silver-is-up-over-6-today-plus-gold-sees-massive-breakout/

>>	Anonymous Mon Jul 27 01:46:53 2020 No.20724878 I just liquidated all my cash into ampl right now

>>	Anonymous Mon Jul 27 01:47:22 2020 No.20724883 >>20724797 Silver

>>	Anonymous Mon Jul 27 01:48:27 2020 No.20724898 >>20724566 What does this meme

>>	Anonymous Mon Jul 27 01:48:42 2020 No.20724901 >>20724566 USD crashing is good for America. Cheaper currency means that manufacturing will come back to us.

>>	Anonymous Mon Jul 27 01:49:42 2020 No.20724917 >>20724835 >>20724836 Do you think there's a good chance of a pullback? Think I should buy now or wait for a drop? Where you guys buying from at the moment? Feels like I might be getting ahead of myself buying when gold just reached ATH.

Anonymous Mon Jul 27 01:52:12 2020 No.20724958

>>20724917
It’s impossible to say. Personally, I will start taking some profits if ETH hits $400 and or bitcoin hits 14k. This does not mean that I would cash our completely. Just that we have some runway left until I consolidate into a stable coin or a coin that might not move much in that time. (Link has been crabbing during this btc move as an example).

>>	Anonymous Mon Jul 27 01:52:44 2020 No.20724967 >>20724802 It’ll lag due to euro, Japan and China having similar currency issues. The weak dollar is stronger than the feeble euro and Yen, and especially the insanely unstable yuan

>>	Anonymous Mon Jul 27 01:55:38 2020 No.20725021 You honestly had 10 years to get into BTC

Anonymous Mon Jul 27 01:55:54 2020 No.20725029
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>>20724917

Even David Brady, who has been clamouring for a a pullback for months, is saying that everybody should have at least some exposure to PMs. Everybody keeps talking about this pullback and yet it never comes. Consider the fundamentals which I outline in this post >>20724872. Read and consider the information.

>>	Anonymous Mon Jul 27 01:56:57 2020 No.20725043 Powell will be speaking Wednesday. wonder what the fed's going to do

>>	Anonymous Mon Jul 27 01:57:05 2020 No.20725045 File: 117 KB, 681x778, 7B3AF58B-ACB3-4DED-920E-DEF3827D2495.jpg [View same] [iqdb] [saucenao] [google] The new dollar is here. Its called Stellar Silver

Anonymous Mon Jul 27 01:57:10 2020 No.20725046
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>>20724901
>Cheaper currency means that manufacturing will come back to us.
Unless the bilateral trade agreements end in a free floating gold system. That will mean that manufacturing will go to the most stable nations.

>>	Anonymous Mon Jul 27 01:59:00 2020 No.20725080 Im dumb please helo 1 dollar = 3.49 soles where I live (Peru) What type of change can I expect to see? My family just received an order worth 130 million dollars for a good they sell? Does this affect them? What should they do?

>>	Anonymous Mon Jul 27 02:00:45 2020 No.20725114 >>20725080 Just stay diversified and don't overextend your dollar credit.

>>	Anonymous Mon Jul 27 02:01:15 2020 No.20725127 Im dumb please help 1 dollar = 3.49 soles where I live (Peru) What type of change can I expect to see? My family just received an order worth 130 million dollars for a good they sell Does this affect them? What should they do?

>>	Anonymous Mon Jul 27 02:01:29 2020 No.20725130 What's the best way to get into silver? Are there any ETFs on Robinhood? Also, legitimately asking, do you guys think AMPL will be adopted long term? It would be a worthwhile hedge unless it fails.

>>	Anonymous Mon Jul 27 02:03:01 2020 No.20725152 >>20725130 Just buy some physical silver. If we hyperinflate, ETF's will be trash and if we don't then you can still make money in a normal economy

Anonymous Mon Jul 27 02:03:23 2020 No.20725161

>>20725080

Best thing to do is to buy all the goods which you will need to survive if you don't have very much money, before inflation comes. Alisdair Macleod says that, when the dollar gets trashed, all fiat currencies are going to zero along with it. If you have savings which you want to protect, either buy physical bullion, or buy GDX, SIL, GDXJ, SILJ, or any of the top holdings in those indices on your stock market account. It is the best possible way to profit from this crisis and protect yourself. (First Majestic Silver, Fortuna Silver Mines, Yamana Gold, Endeavour Silver, Newmont Mining, etc. etc.)

>>20725130

See this post. SILJ should be on Robinhood. If not, buy the top mid-tier miners in it. Fortuna Silver Mines, First Majestic Silver, Hecla Mining, Endeavour Silver, Pan American Silver, etc. They are on the NYSE.

>>	Anonymous Mon Jul 27 02:03:59 2020 No.20725173 >>20724872 Thanks fren. Very interesting

>>	Anonymous Mon Jul 27 02:04:04 2020 No.20725175 >>20725127 I wouldn’t make any 130 million dollar decisions based on /biz/ advice

>>	Anonymous Mon Jul 27 02:04:25 2020 No.20725182 >>20725127 >>20725161

>>	Anonymous Mon Jul 27 02:04:32 2020 No.20725186 >>20725152 Physical silver is harder to liquidate though, and is marked up in price. Why does hyperinflation trash them? I don't think it'll be hyperinflation anyway.

>>	Anonymous Mon Jul 27 02:05:19 2020 No.20725197 CHINA WILL LIQUIDATE ALL IT'S BONDS BACK TO YUAN AND SILVER YOU HAVE BEEN WARNED

Anonymous Mon Jul 27 02:06:25 2020 No.20725216

>>20725186

GLD and SLV are believed to be scams by virtually everybody in the PM industry. Chris Marcus says that, when he asks how many owners there are to each paper ounce, he never gets an answer smaller than 500.

https://www.youtube.com/watch?v=egD6yjimNno

Watch this interview if you want to understand why you don't buy GLD and SLV:

https://www.youtube.com/watch?v=XliHE6QgljY

The Sprott Physical Silver Trust, on the other hand, is thought to be safe. Rick Rule has endorsed it.

>>	Anonymous Mon Jul 27 02:06:37 2020 No.20725219 >>20724901 >Cheaper currency means that manufacturing will come back to us. >dude just lower your living standards so shitty backbreaking manufacturing jobs come back to your country The absolute state of keynesians.

>>	Anonymous Mon Jul 27 02:06:39 2020 No.20725221 >>20724671 >thinks they’re not doing this on purpose. That’s why they’re in power and you aren’t.

>>	Anonymous Mon Jul 27 02:07:17 2020 No.20725233 >>20725186 Gold and silver markets are way overleveraged. ETF's are a part of that leveraging magic.

>>	Anonymous Mon Jul 27 02:08:36 2020 No.20725247 >>20725233 I'm about to buy silver ETFs, should I not? I thought they're going to go up as silver goes up. I'm buying SILJ

>>	Anonymous Mon Jul 27 02:09:39 2020 No.20725257 >>20725247 SILJ is a mining index. When you buy SILJ, you buy real physical silver in the ground. But don't buy SLV. See >>20725216.

>>	Anonymous Mon Jul 27 02:10:20 2020 No.20725265 >>20725247 I mean it's your choice but if that market freezes, your shares are going to be garbage. When gold dipped in March the price for physical on Ebay was way up.

>>	Anonymous Mon Jul 27 02:11:47 2020 No.20725286 >>20725265 >but if that market freezes explain what this means?

Anonymous Mon Jul 27 02:14:10 2020 No.20725321

>>20725286
There are so many claims on the gold and silver in the exchanges that if people went in for delivery they'd have to shut those markets down. There was a essentially a gold default in March and yet the price on the exchange tanked. But if you were looking at physical coins and bars prices, there was a huge premium.

>>	Anonymous Mon Jul 27 02:16:52 2020 No.20725371 >>20725321 okay so should I just buy mining stocks instead?

>>	Anonymous Mon Jul 27 02:16:57 2020 No.20725373 >>20725175 Decisions not up to me Just wondering what you guys think

>>	Anonymous Mon Jul 27 02:18:33 2020 No.20725404 >>20725371 Preferably get some physical to hold in your hand as well, but, if you only want to buy on the stock market, yes, get the Sprott Physical Silver Trust for bullion, and GDX/GDXJ, SIL/SILJ for miners.

>>	Anonymous Mon Jul 27 02:19:53 2020 No.20725423 >>20724685 >b-but the money velocity

>>	Anonymous Mon Jul 27 02:27:57 2020 No.20725534 >>20725216 Why would you ever buy paper gold? When people tell you to buy gold and silver they mean the actual metal.

Anonymous Mon Jul 27 02:30:28 2020 No.20725574

>>20725534

I don't know if you are supporting me or criticizing me, but, just in case it is the latter: Mining stocks are not "paper gold." That's GLD and SLV. When you buy a mining stock, you buy gold and silver which really do exist in the ground. Even Peter Schiff highly recommends mining stocks. That's what his gold fund is. Indeed, when the U. S. government confiscated physical bullion in 1933, mining stocks were left untouched. Hence how people made a 500% gain in Homestake Mining, the ancestor of Barrick Gold. >>20724872

>>	Anonymous Mon Jul 27 02:30:35 2020 No.20725576 >>20725534 Paper gold is only good for options traders

>>	Anonymous Mon Jul 27 02:31:37 2020 No.20725588 >>20725534 Seems that you are probably supporting me. If I got it wrong, I apologize. Have been awake all night because of the excitement and can barely think straight.

Anonymous Mon Jul 27 02:36:44 2020 No.20725657

>>20724566
No it’s because Pelosi made a deal with governors of democratic stats to continu lockdown and keep people unemployed to overthrow Trump so they promised them bailouts and full scale socialism.
This means people are loosing confidence in government that’s why precious metals are in high demand.
If gold closes over 1926$ in July then the rally continues till the elections

>>	Anonymous Mon Jul 27 02:37:29 2020 No.20725673 >>20724566 Sir, this is a crypto board. We know about this already. If you’re one of the boomer noemir who couldn’t see this coming, might I suggest you stay in your /smg/ threads and don’t come out? Thank you.

Anonymous Mon Jul 27 02:38:42 2020 No.20725696
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>>20725127
I remember you.
Like I said, renew your contract with God and buy the Lord's Money.
Peru has lots of silver.
I would buy silver. all paper currency is going to be a hot potato real soon.

>>	Anonymous Mon Jul 27 02:39:29 2020 No.20725705 >>20724566 Sir, this is a crypto board. We knew about this already. If you’re one of the boomer new friend who couldn’t see this coming, might I suggest you stay in your /smg/ threads and don’t come out? Thank you

Anonymous Mon Jul 27 02:41:14 2020 No.20725732
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>>20725130
>trying to speculate on God's Money
For fuck's sake man, listen, you gambling whore, it's closing time.
You need to cash out and convert winnings into physical precious metals.
No amount of crypto will satisfy your greedy nature. Be satisfied with the (((longest bull run in history))) and hunker down already.
It's going to get a lot worse very quickly once the bottom falls out.
Be a first mover. Once retarded goyim and normies flock to PMs, it's going to be a deluge and massive shit storm.
Get it while you still can.

Anonymous Mon Jul 27 02:43:34 2020 No.20725767

>>20725657
Nonsense, party politics is a sideshow to distract the public. The reality is they’re printing money directly into wallstreet and the largest corporations, and indirectly into their own pockets. And they’re running up the national debt to do the same.

It’s basically a tax on every American and anyone else holding USD. And they have the public distracted with issues like “is $600 a week too much to give to the middle class?”

Fucking nonsense, pay attention to what matters. It’s not BLM or abortions or fucking gay rights. It’s not kneeling at the anthem or whatever the fuck.

Everyone is always focused on the sideshow.

Anonymous Mon Jul 27 02:44:06 2020 No.20725777
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>>20725705
No, this is business and finance.
I think it's about time we stop acting like fucking kids and start looking at the fucking hole we're starting at right about now.
If the US Fraudulent Reserve Note shits the bed, we're going to see inflation shoot up faster than normies can afford.
What the fuck do you think is going to happen when people on a shoestring budget can't afford food?
Shit like this hits differently when you kid is asking you why they have't eaten in a few days.
Throw your nuts over your shoulder pal. Shit's about to get real for us real quick.

Anonymous Mon Jul 27 02:45:32 2020 No.20725803

>>20725732
> Be a first mover. Once retarded goyim and normies flock to PMs, it's going to be a deluge and massive shit storm.
Once (((they))) spot this trend, the governments will issue a hard cap on gold/silver purchase and would require KYC.
t. Live in a country which silently pushed this rule without any mention of it in papers.

Anonymous Mon Jul 27 02:47:17 2020 No.20725824
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>>20725777
Nice trips. Think about this, what if China demands that it be payed back in silver bullion since US law states that 1 US dollar is equivalent to 1 troy ounce of silver?

>>	Anonymous Mon Jul 27 02:47:44 2020 No.20725833 >>20724690 Your bussy pool will be backlogged to hell when I flood into it

>>	Anonymous Mon Jul 27 02:48:32 2020 No.20725844 I keep a 3 digit bank balance. Ill my money is in ether, gold and silver. Wish I could convince my parents to do so. They just keep paper dollars in their safe.

>>	Anonymous Mon Jul 27 02:48:36 2020 No.20725845 >>20725833 Your bussy pool will smell like shark shit

>>	Anonymous Mon Jul 27 02:48:50 2020 No.20725849 >>20725824 W-war?

Anonymous Mon Jul 27 02:48:54 2020 No.20725851
File: 35 KB, 800x420, man-wears-mesh-mask-to-fight-hitler-type-mask-requirements.jpg [View same] [iqdb] [saucenao] [google]

It is direct consequence of fat retards not being able to follow simple instructions. When euros wear masks like their government told them to - americans keep bitching about their freedumbs and refuse to behave safely for society.

>>	Anonymous Mon Jul 27 02:51:39 2020 No.20725899 File: 549 KB, 500x208, 89c.gif [View same] [iqdb] [saucenao] [google] >>20725849 It'd be the largest, most un-payable debt the world has ever seen. Surely we'd go straight to war if they demanded silver.

Anonymous Mon Jul 27 02:53:54 2020 No.20725918

>>20725824
>US law states that 1 US dollar is equivalent to 1 troy ounce of silver?
I am going to assume that you're literally 12
No, the USD is not pegged to silver and hasn't been since 1964 and with amendments to the Coinage Act.
It is a fiat currency. It's all confidence based.
But oh we'll pay alright.
We're going to print the fucking thing into oblivion.

That's when the real fun begins.

>>	Anonymous Mon Jul 27 02:56:37 2020 No.20725954 >>20725803 what was the cap in your country? What is KYC? ID-ing customers?

>>	Anonymous Mon Jul 27 02:57:17 2020 No.20725960 >>20725899 We’d literally just say no, as that’s not the terms of the agreement. China isn’t going to start firing on us ships because we give them dollars instead of silver. That’s fucking retarded.

Anonymous Mon Jul 27 02:58:58 2020 No.20725978
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>>20725824
Anyway, the fact that we've been able to get away with this for so long is astonishing.
How we didn't hang the politicians overnight just bewilders me.
But the US Silver Dollar was defined as 371.25 grains of pure silver and fixed at a 15:1 ratio to gold until the 1834 amendment that devalued silver 16:1 which remained until 1964.
stuff to look into
>Crime of 1873, ending bimetallism
>Gold Confiscation of 1933
>Federal Reserve Act of 1913
It's been a long road to absolute ruin and bankruptcy to what was once the greatest and richest nation to grace this planet.

>>	Anonymous Mon Jul 27 02:59:07 2020 No.20725981 >>20725954 We have a tax id and SSN like id you’ll need to provide to buy gold and silver. You can only buy 2 kgs of silver and 30 grams of gold per id.

>>	Anonymous Mon Jul 27 03:05:29 2020 No.20726078 File: 164 KB, 1066x715, ConstitutionalSilver.png [View same] [iqdb] [saucenao] [google] >>20725918 But the debt is from the US government, not the Federal Reserve and it's notes. The constitution says the dollar is a measured weight of silver.

>>	Anonymous Mon Jul 27 03:05:37 2020 No.20726079 >>20725981 You need the ID for buying any amount? Even a tiny atom of metal?

>>	Anonymous Mon Jul 27 03:06:43 2020 No.20726093 File: 545 KB, 1242x2518, D01411E2-B04D-4FBA-ACEB-5A49629E6061.jpg [View same] [iqdb] [saucenao] [google] You did listen to me...didn’t you /biz??

>>	Anonymous Mon Jul 27 03:06:51 2020 No.20726094 >>20725960 If China suddenly demanded silver, then we'd fire on them.

>>	Anonymous Mon Jul 27 03:11:07 2020 No.20726159 >>20726078 Yeah, tell that to the overtly jewish supreme court also see my post >>20725978

Anonymous Mon Jul 27 03:11:44 2020 No.20726165

>>20726079
Yes, I was DCAing into silver since Feb in small amounts. Never had to provide anything and now literally every pm supplier requires a tax id and other verification since 25th of this month. Strangely I looked everywhere in the news and there was literally zero mention of it. I guess if news goes around that precious metals is being limited, there would be a flood to these stores.

>>	Anonymous Mon Jul 27 03:12:56 2020 No.20726179 >>20726159 The supreme court of the US doesn't have a say in what China wants.

>>	Anonymous Mon Jul 27 03:15:38 2020 No.20726219 >>20726093 thanks just bought 100k FUN

>>	Anonymous Mon Jul 27 03:17:32 2020 No.20726247 >>20726165 Which continent is this? Europe?

Anonymous Mon Jul 27 03:19:15 2020 No.20726272

>>20725851
This has been going on for decades, even if you shit on the older doomers you can't pretend the repo crisis and taper tantrum didn't happen, and that was three years ago and last year, quite before coronameme lockdowns happened
>>20726165
It's pretty terrible news for your country if your financial regulators are expecting a run on physical PMs to the point they have to sneak capital controls on them

>>	Anonymous Mon Jul 27 03:21:17 2020 No.20726316 >>20726272 I know several nations that already lowered the reporting threshold for purchasing (E.g. Germany), but it's the first time I'm hearing actual caps imposed on purchase.

>>	Anonymous Mon Jul 27 03:22:36 2020 No.20726334 Buy or put your savings in Australian and Canadian dollars. Both economies are secured and backed by immense natural wealth.

>>	Anonymous Mon Jul 27 03:25:26 2020 No.20726375 File: 2.35 MB, 260x473, 3b0.gif [View same] [iqdb] [saucenao] [google] >>20726334 Meanwhile Trudeau sold all of its metal reserves several years ago like a retard.

>>	Anonymous Mon Jul 27 03:25:28 2020 No.20726377 >>20724901 Fuck off Keynes Canada and Mexico do the same so it stays neutral but with lower purchasing power.

Anonymous Mon Jul 27 03:25:36 2020 No.20726379 [DELETED]

>>20726247
Asia
>>20726272
Yup, I knew this would happen so I hedged almost 90% of my cash into physical silver, SILJ/GDXJ, Ethereum and around 10% spread across silver miners otc penny stocks thanks to TDAmeriTrade and ChainLink.
The 10% of unhedged money is enough for me to carry around 3 months of expenses at current inflation levels.

>>	Anonymous Mon Jul 27 03:27:15 2020 No.20726401 >>20726379 Got it. Thanks for all the answers. Didn't know it was so bad.

Anonymous Mon Jul 27 03:27:24 2020 No.20726405

>>20726247
Asia
>>20726272
Yup, I knew this would happen so I hedged almost 90% of my cash into physical silver, SILJ/GDXJ, Ethereum and around 10% spread across silver miners otc penny stocks and ChainLink.
The 10% of unhedged money is enough for me to carry around 3 years of expenses at current inflation levels.

>>	Anonymous Mon Jul 27 03:28:28 2020 No.20726420 >>20726316 >Germany We did that 01.01.2020 already. Every PM buy over 2k Euro has to be reported. It was 10k between 2017-2020 and even higher before.

>>	Anonymous Mon Jul 27 03:34:24 2020 No.20726509 >>20726093 Holy fuck

>>	Anonymous Mon Jul 27 03:35:27 2020 No.20726523 >>20725899 It will be fun when people start showing up with guns to banks and depositories

>>	Anonymous Mon Jul 27 03:36:29 2020 No.20726539 File: 74 KB, 862x632, 15958347354300.jpg [View same] [iqdb] [saucenao] [google] >>20724566

Anonymous Mon Jul 27 03:36:59 2020 No.20726551

>>20726377
Another big factor to the inevitable downfall of America is the refusal of white men to dig ditches alongside with niggers and spics. I don't blame my kin, but when niggers and spics had everything, we went to America, working hard to build it to what it is now, a beautiful country and excellent architecture. What the hell happened to us?

>>	Anonymous Mon Jul 27 03:37:18 2020 No.20726555 >>20726420 Yeah I was talking about that rule. There is no buying cap/limit though, right?

Anonymous Mon Jul 27 03:42:01 2020 No.20726620

>>20726316
If there are limits on purchases, there might also be limits on sales.
This is a good reminder that gold is a solid safe haven in some ways but it has some substantial risks as well, so avoid going "all in" but keep diversifying.
A complete gold ban could come soon as well. That might mean decades or centuries without the ability to sell legally, which will inevitably suppress the price even if you're willing to take the risk.

>>	Anonymous Mon Jul 27 03:45:02 2020 No.20726660 >>20726405 I’m around 90% in crypto, survived the last crash by waiting it out. Will I get fucked again this time? If you’re even slightly in ETH and LINK you must expect them to perform differently to the stock market this time?

>>	Anonymous Mon Jul 27 03:46:46 2020 No.20726684 >>20724700 actually 2x that, ecb owns 50% of eu gdp in bonds, fed around 25%, just take a look at all the major banks in eu

>>	Anonymous Mon Jul 27 03:48:36 2020 No.20726706 >>20724870 because of speculation, 97% of all fx transactions are spec, just zoom out your charts

>>	Anonymous Mon Jul 27 03:49:21 2020 No.20726713 >>20726620 I don't think the government would just let your stack sit in your home and be useless. They would just force you to sell to them with a fixed price.

Anonymous Mon Jul 27 03:49:24 2020 No.20726715

>>20724566
," said the propagandist.

>>20724685
no, don't you watch TV? It's not the fact that the private corporation called the federal reserve printed a bunch of money following the machiavellian schemes of Friedman, it's because a fraction of that money went to those damn dirty poors.

>>20724688
every TV screen has been shilling gold and silver for the past 30 years, usually in the seediest late-night infomercials that prey on gullible boomers

>>	Anonymous Mon Jul 27 03:51:02 2020 No.20726734 >>20726334 >backed by immense natural wealth That is owned by China, not by those countries, meaning those currencies are actually backed by nothing.

>>	Anonymous Mon Jul 27 03:52:31 2020 No.20726754 >>20726375 also, this is the kek of the decade

Anonymous Mon Jul 27 03:52:50 2020 No.20726762

>>20726093
Anon, please enlighten a fellow retard. I have around 70% of my wealth in growth stocks like FAANG and 30% cash is in euro. Should I cash out my FAANG gains and pull them into PM? Or be 50% equities, 50% PM? Is there a possibility of equity market crashing?

>>	Anonymous Mon Jul 27 03:53:14 2020 No.20726771 >>20726734 Only on paper. China can't just go in and seize Australian mines and Canadian oil fields.

>>	Anonymous Mon Jul 27 03:53:33 2020 No.20726776 >>20726620 the limit on purchases is for buying with cash not traceable digital

>>	Anonymous Mon Jul 27 03:55:54 2020 No.20726809 This bread is sooopy

Anonymous Mon Jul 27 03:59:22 2020 No.20726857

>>20726713
That's how a gold ban works.
But people might still choose to keep it secretly and hold to sell later or trade on the black market. That's what the whole reporting debate is about. If everybody were to hand in their gold because the government demands it, there would be no need to report purchases and track ownership.

>>	Anonymous Mon Jul 27 04:01:30 2020 No.20726890 >>20724807 litecoin you dumb nigger

>>	Anonymous Mon Jul 27 04:01:41 2020 No.20726895 >>20726857 btw, the ownership is tracked through the sellers, basically all the info is with the dealer you bought from, so no hiding

>>	Anonymous Mon Jul 27 04:02:38 2020 No.20726910 >>20724566 everyone knew this was going to happen because BRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

>>	Anonymous Mon Jul 27 04:03:35 2020 No.20726923 >>20724566 Read this, shithead. Every country has borrowed money and is affected by COVID (deflationary tendency). https://www.nakedcapitalism.com/2020/07/ilargi-what-default-where-dollar.html

>>	Anonymous Mon Jul 27 04:04:00 2020 No.20726932 >>20725127 If you're not larping you should be buying and selling futures contracts concerning the currencies involved to lock in today's exchange rate. How do you have a hundred million dollar business and not know this?

>>	Anonymous Mon Jul 27 04:04:48 2020 No.20726950 >>20725404 > does Sprott have reliable trust for gold too? Why is he considered safer than GLD and SLV by the way?

>>	Anonymous Mon Jul 27 04:05:28 2020 No.20726954 >>20725130 Buy SLV.

Anonymous Mon Jul 27 04:05:39 2020 No.20726957

Reminder that the USD cannot unilaterally hyperinflate. The RNB will readjust accordingly as it always has with any new USD inflation, and the combined effects of both will absolutely destroy the EUR after Germany's manufacturing sector consequently collapses.

>>	Anonymous Mon Jul 27 04:08:47 2020 No.20726987 >>20726957 >RNB What is this? Please explain for a retard

>>	Anonymous Mon Jul 27 04:09:32 2020 No.20726999 >>20726771 Can the States? No use having the largest military in the world when it's your own fellow citizenry holding the gun to your head. America won the physical war, but lost the psychologicall battle with China.

>>	Anonymous Mon Jul 27 04:11:04 2020 No.20727013 >>20724655 I have $2k in cash sitting on my transferwise from sold company stocks that I can't convert to € because of the collapsing dollar. Fuck your economy, give me back my profits.

>>	Anonymous Mon Jul 27 04:11:19 2020 No.20727019 File: 4 KB, 227x250, 1566084869428.jpg [View same] [iqdb] [saucenao] [google] >>20725657

>>	Anonymous Mon Jul 27 04:12:25 2020 No.20727033 File: 67 KB, 1080x1027, Screenshot_20200726-113126~2.png [View same] [iqdb] [saucenao] [google] >>20726950 There isn't anything wrong with SLV or GLD you're talking to people with mental illnesses.

Anonymous Mon Jul 27 04:12:38 2020 No.20727037

>>20726987
*RMB
>>20726999
When France and the UK tried to dump US treasuries on us in 1914 Woodrow Wilson shut down the entire NYSE for a season and told them to pound sand. Anti-Chinese sentiments in the USA are at a 60 year high right now. China can fuck us in a trade war but it's mutually assured destruction. All they can really do is outcompete us and finish their acquisition of Asian and African resources, which they are accomplishing but on a scale of decades, not months.

>>	Anonymous Mon Jul 27 04:13:42 2020 No.20727048 >>20726923 literally this + a couple of other factors

>>	Anonymous Mon Jul 27 04:13:49 2020 No.20727050 >>20727033 >buy silver at $12/oz >stock rises over 100% >you now own 2 oz of silver but you never bought more than one to start with Heh

>>	Anonymous Mon Jul 27 04:13:50 2020 No.20727051 >>20725851 COVID has had a massive deflationary impact.

>>	Anonymous Mon Jul 27 04:14:45 2020 No.20727064 >>20726987 >RNB renmimbi aka yuan

>>	Anonymous Mon Jul 27 04:15:16 2020 No.20727069 >>20727050 That isn't how it works.

>>	Anonymous Mon Jul 27 04:16:02 2020 No.20727085 >>20727051 No, it just suppressed consumer demand and production.

>>	Anonymous Mon Jul 27 04:16:06 2020 No.20727087 >>20726957 also this, but + banking/tech sector

>>	Anonymous Mon Jul 27 04:16:47 2020 No.20727100 >>20724878 dude the investor tokens are unlocking in 12 hours. you better research cuz it's about to drop 60%

Anonymous Mon Jul 27 04:17:08 2020 No.20727107

The advocacy of modern economic policy for generations is to blame, ie BRRR bullshit, central banking, weak currency, high taxing (compared to pre Great Depression days), massive government spending, etc.
>is this a direct consequence of trump bux?
It's a symptom if anything. Ideally Trump would've cut taxes and government spending like the 1920 depression in order for long term true economic growth but Congress wouldn't have allowed it in a million years. The Trumpbux were probably his best option apart from telling the local governments to stop their lockdowns which he doesn't have the authority to do
TLDR: Judaism is to blame

>>	Anonymous Mon Jul 27 04:18:41 2020 No.20727130 File: 810 KB, 1920x1200, Titanic-Wallpapers-27.jpg [View same] [iqdb] [saucenao] [google] >>20727100 Ampl literally can not crash, its uncrashable.

>>	Anonymous Mon Jul 27 04:21:54 2020 No.20727164 >>20727107 >Trump would have followed the advice of Hoover that got us into the Depression to get us out of this Based retard

Anonymous Mon Jul 27 04:22:15 2020 No.20727168
File: 41 KB, 828x466, hebrew nonsense.jpg [View same] [iqdb] [saucenao] [google]

Do not listen to the faggot in this thread trying to convince you to buy shares of the GLD or SLV ETFs. He's been in every PM thread for days posting 50 replies screeching the worst possible advice. While the mining ETFs are probably good buys, the GLD and SLV ETFs are commodity futures trading, with virtually no transparency. SLV is likely to get swamped with unprecedented calls for physical delivery in September, but only has 1 ounce of metal for every 170 traded in paper contracts. They will have to declare Force Majeure, and pay out everyone but the big banks with the inside track in increasingly worthless fiat, instead of the metal they 'own'. At that point the COMEX breaks down.

He's going to keep sperging about how the ETFs are 'cheaper' and how you're getting ripped off on buying physical, without addressing that you're not actually going to be able to redeem those SLV and GLD contracts for your metal. If you really want to trade paper, go for it. But know you're buying a bomb.

>>	Anonymous Mon Jul 27 04:23:58 2020 No.20727183 >>20725732 How do I even buy physical gold and silver? Crypto-fag here, now I'm feeling like I should diversify... I usually scroll right past these threads...

>>	Anonymous Mon Jul 27 04:24:02 2020 No.20727185 >>20727168 Hey what's higher today premarket, SLV or SILJ?

Anonymous Mon Jul 27 04:24:43 2020 No.20727196

>>20727164
Hoover's non intervention and tax cuts are the reason the 1920 depression was a minor blip. You're thinking of the 1929 crash that became the great depression. The one that had a mini-depression in a depression due to FDR's retard adventures.

>>	Anonymous Mon Jul 27 04:27:42 2020 No.20727229 >>20727164 Hoover who was the Secretary of Commerce told Harding the exact opposite, he told him not to cut taxes and spending. Hoover was described as a corporatist in his day so it makes sense.

>>	Anonymous Mon Jul 27 04:28:28 2020 No.20727238 >>20727196 Only on /biz/ could Hoover be seen as a great president and FDR terrible.

>>	Anonymous Mon Jul 27 04:29:51 2020 No.20727251 File: 72 KB, 576x1024, 1593814556435m.jpg [View same] [iqdb] [saucenao] [google] >>20724566 This is why I just bought real estate. Inflation will be insane.

Anonymous Mon Jul 27 04:29:55 2020 No.20727253

>>20727164
>Hoover cut taxes as president
When will this meme die? He tripled taxes on the wealthy while keeping them the same on the middle class over his presidency. By contrast, FDR increased taxes on the middle class 400% and only marginally raised taxes on the wealthy.

Anonymous Mon Jul 27 04:31:09 2020 No.20727266

>>20727183
Go to the precious metal general and scroll through the op, there are links to online dealers there. I use JM Bulllion. I know they also accept Btc and Eth as payment, but I only use checks to get the lowest price. You could also look for local coin shops near you but I prefer the convenience of ordering online. Also if youre a veteran they will give you good discounts but you need to show them some proof or something.

>>	Anonymous Mon Jul 27 04:31:27 2020 No.20727272 >>20727251 Daily reminder that hyperinflation forced many Germans to sell their belongings and property, which were scooped up by Westerners at penny bin prices (FDR leading one firm involved in the looting)

Anonymous Mon Jul 27 04:32:51 2020 No.20727288
File: 88 KB, 800x684, be me.jpg [View same] [iqdb] [saucenao] [google]

>>20727238
Hoover and Coolidge were the only good presidents of the 20th century. Accepting that hardship is a natural part of the economic cycle, and not seeking to constantly put a tax payer band-aid on every downtrend is the reason that we didn't get a massive depression like the 1930s.

And FDR should have put all the German Americans in camps instead, and turned them over to the Anglo blood factories

>>	Anonymous Mon Jul 27 04:33:56 2020 No.20727301 >>20727288 >Coolidge >accepting hardship He was literally the pump and dump president, he pushed the stock bubble all the way through to the end of his presidency. Taft was the best president of the 20th century though I can accept Teddy as well.

>>	Anonymous Mon Jul 27 04:35:49 2020 No.20727330 >>20727251 Not during COVID.

>>	Anonymous Mon Jul 27 04:36:38 2020 No.20727339 >>20727183 Apmex.com

>>	Anonymous Mon Jul 27 04:36:46 2020 No.20727343 >>20727238 FDR was cringe, Hoover was like any politician today on the economy

>>	Anonymous Mon Jul 27 04:39:53 2020 No.20727390 >>20727343 >Hoover was like any politician today on the economy Is that supposed to be a mark FOR him?

>>	Anonymous Mon Jul 27 04:40:27 2020 No.20727398 >>20727272 >>20727330 We'll see. OP proves the contrary

Anonymous Mon Jul 27 04:40:40 2020 No.20727404
File: 108 KB, 432x503, ascii_bog.jpg [View same] [iqdb] [saucenao] [google]

It's because the USD is a shitcoin.
The dev team ran out of ideas to promote it so they decided to massively inflate the supply, thereby reducing value.

Exit scam in other words.

>>	Anonymous Mon Jul 27 04:42:22 2020 No.20727428 >>20727398 >op proves the contrary fx chart on a single pair is proof of inflation kek

>>	Anonymous Mon Jul 27 04:43:13 2020 No.20727439 >>20727288 FDR can eat shit, but Japan literally sneak attacked the USA and Germany declared war on the USA. It was the Axis own fault we fought them.

>>	Anonymous Mon Jul 27 04:43:18 2020 No.20727442 >>20727301 Economic prosperity for nearly a decade isn't a pump and dump you're retarded

>>	Anonymous Mon Jul 27 04:43:25 2020 No.20727446 >>20727428 also 1 month chart, double kek

>>	Anonymous Mon Jul 27 04:43:29 2020 No.20727448 >>20727398 It didn't in 2008 and it won't in 2020. I'm not saying inflation won't pick up, but we're talking 4-5% annual, not much

>>	Anonymous Mon Jul 27 04:44:16 2020 No.20727459 >>20727439 If that guy were in charge we would have just handed over the entire Pacific to them.

>>	Anonymous Mon Jul 27 04:44:30 2020 No.20727463 >>20727442 >massively overextended credit during a period of unjustified post-war euphoria and consumer culture isn't a pump and dump

>>	Anonymous Mon Jul 27 04:45:46 2020 No.20727488 >>20727390 The opposite, I was explaining that Hoover wasn't good

Anonymous Mon Jul 27 04:45:49 2020 No.20727489

>>20727459
Retard, it was FDR that pulled out our entire Navy from most of our Pacific possessions in the 1930s, including the Philippines which the Japs were able to easily bumrush. By contrast, Coolidge was actually relatively pro-imperialist albeit status quo, appointing Woods to govern the Flips and continuing economic incursions in Central America.

>>	Anonymous Mon Jul 27 04:47:21 2020 No.20727522 >>20727489 WWII was started over Hawaii so I don't see how being more imperialist in this instance would have prevented Pearl Harbor.

>>	Anonymous Mon Jul 27 04:47:36 2020 No.20727530 >>20724655 im not happy at all, Im a yurofag who gets paid in USD I was hoping for a EUR collapse so I could buy a harem of sexslaves with my USD slaray

>>	Anonymous Mon Jul 27 04:47:58 2020 No.20727538 >>20727463 >unjustified post-war euphoria Not before the 1920 depression >overextending credit Yeah nothing like today anon, kek

Anonymous Mon Jul 27 04:49:33 2020 No.20727571

>>20727522
>I don't see having the Navy already stationed and prepared 100 miles from Japan's coast would have helped us prevent an attack 1000 miles from Japan's coast
>>20727538
Thanks for proving my point, Coolidge was just the Obama/Trump of the 1920s.

>>	Anonymous Mon Jul 27 04:54:05 2020 No.20727631 >>20727459 >>20727522 >>20727571 Do we really care whether Hoover would've been better at fighting WW2 than FDR? The only point to be made here is that the Axis attacked the USA and declared war on the USA. FDR didn't start the war.

>>	Anonymous Mon Jul 27 05:08:47 2020 No.20727855 >>20727571 In what sense? Coolidge was realized why the economic growth of the 20s was because of less government, not more. Nothing like Obama or Trump.

>>	Anonymous Mon Jul 27 05:35:53 2020 No.20728293 >>20724870 >>20724870 flight to speculative manias - this will reverse & the dollar will strengthen now that stimulus has dried up. until its on its way again.

>>	Anonymous Mon Jul 27 05:39:38 2020 No.20728343 >>20727448 4-5% is absolutely nuts. Your mortgage stays the same for 30 years you know.

>>	Anonymous Mon Jul 27 05:41:58 2020 No.20728383 >>20728343 Wouldn't that be in your favor to have a mortgage then?

>>	Anonymous Mon Jul 27 05:42:42 2020 No.20728391 >>20724671 >the design is the flaw here at /biz/ and finance, we pride ourselves on being the HIGHEST IQ board. Sorry sir, you're welcome to go to other prominent places, such as pol or b.

>>	Anonymous Mon Jul 27 05:43:12 2020 No.20728399 >>20727530 Why would euro crash? The EU gave out some loans and eased taxes on businesses, but isnt that it?

>>	Anonymous Mon Jul 27 05:43:57 2020 No.20728411 >>20728383 No, because your mortgage payments do not change, yet the purchasing power of your salary/savings is decreasing

>>	Anonymous Mon Jul 27 05:46:01 2020 No.20728438 >>20728293 Stimulus will be announced today, doofus.

>>	Anonymous Mon Jul 27 05:47:27 2020 No.20728458 >>20724566 >is this a direct consequence of trump bux? Retard. This a direct consequence of the jewish run FED and its policies of the last 20 years.

>>	Anonymous Mon Jul 27 05:48:29 2020 No.20728470 >>20727448 >4-5% annual, not much losing half your purchasing power every 10-12 years is "not much" kek

Anonymous Mon Jul 27 05:49:22 2020 No.20728485

>>20728399
we thought they couldn't strike a deal on the virus gibs and with the bongs leaving they would fumble with the budget too
the euro will do well until the next recession, when it becomes apparent that the eu debtmaxxing is just one recession behind the fed's without the euro being a world reserve paper or the unified economic strenght the usa has
at which point ... B A D things will happen on the old continent

Anonymous Mon Jul 27 05:52:18 2020 No.20728520

>>20728399
the ECB is doing the same dumb shit like the FED
EUR is backed by absoluelty nothing. at least the USD is backed by the biggest military force inthe world and they will literally bomb your entire country if you try to go off the dollar. add all the political issues in the eurozone and its ar ecipe for disaster

>>	Anonymous Mon Jul 27 05:53:12 2020 No.20728531 >>20728438 not announced, "on its way". not sure if you're aware but they don't teleport money across the nation instantly. could take a month

>>	Anonymous Mon Jul 27 05:55:33 2020 No.20728556 File: 206 KB, 1360x1360, metals_dealer.jpg [View same] [iqdb] [saucenao] [google] >>20727183 Precious metals generals have links and resources at the top. >>20728066 >>20728066

>>	Anonymous Mon Jul 27 05:57:52 2020 No.20728585 >>20724836 What are the best mining stocks to move into right now?

>>	Anonymous Mon Jul 27 05:59:56 2020 No.20728606 >>20725824 The debth is in federal reserve notes, not us dollars

>>	Anonymous Mon Jul 27 06:01:53 2020 No.20728636 >>20724690 Do you know what lightning is? Are you familiar with XSN?

>>	Anonymous Mon Jul 27 06:09:12 2020 No.20728770 File: 92 KB, 594x585, LN_always_online.png [View same] [iqdb] [saucenao] [google] >>20728636 >It's 2020 >There are still people shilling lightning unironically HAHAHAHAHAHA

>>	Anonymous Mon Jul 27 06:12:58 2020 No.20728820 >>20728770 I'm unironically becoming a STIFFMARINE.

>>	Anonymous Mon Jul 27 06:23:08 2020 No.20728963 File: 114 KB, 1341x845, EcvPycpUcAAtkAX.png [View same] [iqdb] [saucenao] [google] >>20728820 You know it. Pic related is a logarithmic (exponential) graph.

>>	Anonymous Mon Jul 27 06:26:12 2020 No.20728998 >>20728963 I was messing with OP_RETURN the other day for some cross-chain stuff and looking into the opcodes and the controversy surrounding them. It's interesting.

>>	Anonymous Mon Jul 27 06:34:00 2020 No.20729123 >>20724566 losing 2k cuz of this shit

>>	Anonymous Mon Jul 27 06:40:48 2020 No.20729243 UUP puts gonna fucking win today bro

>>	Anonymous Mon Jul 27 06:45:34 2020 No.20729322 >>20724566 Thank the FED.

>>	Anonymous Mon Jul 27 06:46:58 2020 No.20729348 >>20729322 This has absolutely nothing to do with the FED printing money and happened only because of Corona.

>>	Anonymous Mon Jul 27 07:00:25 2020 No.20729529 >>20724642 ahhahah, why didn't you listen to peter shiff. You think brent johnson and his dollar milkshake theory is going to be correct? You think taking advice from the financial mainstream media is a good idea after their past record?

Anonymous Mon Jul 27 07:01:57 2020 No.20729552
File: 219 KB, 599x799, after Corona.jpg [View same] [iqdb] [saucenao] [google]

>>20729348
I understand it like this:
Although dollar value should have increased (just like it happened with gold, because of the current demand), it happened exactly the opposite because the money supply has increased.

I'm just poor though, do not listen to me at all.

>>	Anonymous Mon Jul 27 07:12:06 2020 No.20729699 >>20724655 Not really, got liquidate when that piece of crap broke 1.16 t.Euro betting on end of EU

>>	Anonymous Mon Jul 27 07:39:04 2020 No.20730073 >>20726715 You don’t know anything about the federal reserve, the money supply or monetary policy in general.

>>	Anonymous Mon Jul 27 07:47:34 2020 No.20730190 ... and they were expecting.....

>>	Anonymous Mon Jul 27 07:56:49 2020 No.20730357 >>20724655 The euro has an even darker future than the USD kek

Anonymous Mon Jul 27 07:59:51 2020 No.20730407

>>20726539
USD doesn't lose value compared to other fiat because they are all being printed into oblivion. If you want to compare value of USD then find something that cant be printed, like gold, silver or bitcoin and check how did it perform against them.

>>	Anonymous Mon Jul 27 08:00:07 2020 No.20730413 >>20726999 Eurofag here, the USA can by proxy. You probably didn't get the memo but the anglosphere is pretty much one big american colony these days.

>>	Anonymous Mon Jul 27 08:04:27 2020 No.20730477 What does this mean for chainlink

>>	Anonymous Mon Jul 27 08:11:40 2020 No.20730587 >>20725247 SILJ is fine. I'm buying GDXJ and SILJ still. These are ETFs of mining stocks, not pretend paper metal. GLD and SLV are what you want to steer clear of.

>>	Anonymous Mon Jul 27 08:12:53 2020 No.20730607 >>20725777 Witnessed. Time for big boy conversations.

>>	Anonymous Mon Jul 27 08:14:01 2020 No.20730624 i should have never come /biz/ i used to celebrate the inevitable downfall and america and europe joining us as a 3rd world nations now i just worry about my linkies

>>	Anonymous Mon Jul 27 08:14:05 2020 No.20730626 >>20725824 The US Dollar is not pegged to silver and anyone holding US Dollars or US Debt have no rights to demand anything in physical silver.

>>	Anonymous Mon Jul 27 08:15:05 2020 No.20730649 >>20725899 Actually, it's the most payable. We own the printer for the currency it's denominated in.

>>	Anonymous Mon Jul 27 08:15:37 2020 No.20730663 File: 387 KB, 1031x1500, 1571973005449.png [View same] [iqdb] [saucenao] [google] >>20729552 our daughters will not be safe from the piss fetishists after the great inflation

>>	Anonymous Mon Jul 27 08:17:27 2020 No.20730697 >>20725257 You're buying shares not the silver in the ground, who the fuck are you trying to play?

>>	Anonymous Mon Jul 27 08:17:55 2020 No.20730705 >>20726895 Boating accidents. I don't think they'd go after individuals. It's not like 1933 where everyone owns some savings in gold. 95% of people own no gold.

Anonymous Mon Jul 27 08:19:20 2020 No.20730724

So how the fuck do you buy silver and gold without paying unnecessary "premiums," that rock the price several dollars more than it's actually worth? I don't believe in holding imaginary holdings so don't sell me on ETF's. I've always head a problem buying commodities b/c of the extra fees almost every place charges for it

>>	Anonymous Mon Jul 27 08:19:54 2020 No.20730739 >>20726923 COVID is deflationary. Yes. But the response to COVID is inflationary. They are determined to stop deflation by any means necessary.

>>	Anonymous Mon Jul 27 08:21:03 2020 No.20730764 >>20729348 FED restarted QE in Sept 2019.

>>	Anonymous Mon Jul 27 08:22:08 2020 No.20730780 >>20730413 Maybe you didn't get the memo, but the anglosphere is one big Israeli colony these days

>>	Anonymous Mon Jul 27 08:22:59 2020 No.20730792 >>20730724 The best way before was to buy 90% silver coins, or 100oz bars. But now those premiums are just as high. Demand is high, and there is so few being mined because of Covid. The era of cheap PM's is gone.

>>	Anonymous Mon Jul 27 08:23:52 2020 No.20730804 >>20730724 SLV

Anonymous Mon Jul 27 08:24:50 2020 No.20730821

>another round of $1200 gibs to poorfags
>continuing $750 billion nationalization of the stock market
>Republicans printing money to get re-elected
>Democrats wanting to print even more money
>"Inflation hasn't happened since 2008 so it can never happen again, read about MMT"

The next decade will be horrendous for the US.

Anonymous Mon Jul 27 08:26:27 2020 No.20730850
File: 42 KB, 800x450, 1579756186750.jpg [View same] [iqdb] [saucenao] [google]

>>20730792
Took 6 fucking months to get my new job... and I finally have wealth to actually buy shit and now shit's too expensive and a lot of shit has already peaked before I had enough to get into it.

Anonymous Mon Jul 27 08:28:04 2020 No.20730874

>>20730724
"Premium" is part of the real price. Spot price is heavily manipulated and based on a lot of paper supply that doesn't exist. When premiums shoot up this high, it means the spot isn't reflecting reality.
If you can find them, the lowest premium silver online are the Silver Gold Bulls 10 oz bars. I wouldn't buy ASEs right now. Silver can be found, but it's slim pickings, but there's no way around high premiums, but avoid the ridiculous ones. Buy reputable private mintage stuff. I'm a fan of Scottsdale and you can get get secondary market 10 oz stackers for about $3 over spot per ounce.

>>	Anonymous Mon Jul 27 08:28:44 2020 No.20730890 >>20730850 Peaked? We just started a new bull market. Get what you can.

>>	Anonymous Mon Jul 27 08:29:49 2020 No.20730911 >>20730804 >imaginary holdings

>>	Anonymous Mon Jul 27 08:30:52 2020 No.20730937 >>20724901 Yea man TONS of business growth in Venezuela.

>>	Anonymous Mon Jul 27 08:32:29 2020 No.20730966 >>20724901 Go home boomer, you're drunk

>>	Anonymous Mon Jul 27 08:33:30 2020 No.20730988 >>20725257 No you don't you buy someone TELLING you you own it. Unless you hold it in your hands physically, you dont truly own it.

Anonymous Mon Jul 27 08:33:35 2020 No.20730992
File: 1.65 MB, 1920x2951, 1589380624587.jpg [View same] [iqdb] [saucenao] [google]

>>20727301
>Teddy
Roosevelt Prime was also a shit president from a small government perspective honestly, but god damn, you cant help but look up to the guy as a man among men. As far as ideal presidents, ill stick with washington. But if you need someone by your side to get shit done, clean or dirty, teddy is who you would pick.

FDR was hot garbage, a precursor to all of the ills that inflict society today. His dad was pretty bad ass though, he married sara delano even though she was 26 years younger than him.

>>	Anonymous Mon Jul 27 08:39:59 2020 No.20731112 >>20725767 Fucking Democrats

>>	Anonymous Mon Jul 27 08:41:50 2020 No.20731136 >>20730890 Depends on the company. But there are a lot of companies right now that are actually do way better after March's crash than it was before. I've been able to dip my feet in a few companies so far that are in a trough, luckily.

Anonymous Mon Jul 27 08:42:29 2020 No.20731149
File: 3.35 MB, 3640x3308, a6ed04266b1636d76240c09da4ad5eba-imagepng.png [View same] [iqdb] [saucenao] [google]

>>20725777
True content but you should rethink your support of the masonic french revolution.
Monarchies have a far better track record of sound economic policy (and keeping individual rights and liberty and being God's chosen form of government) than democracies.

>>	Anonymous Mon Jul 27 08:45:12 2020 No.20731195 >>20731149 This. Monarchy is God's government. Democracy is demonic. Revolution is a sin against God.

Anonymous Mon Jul 27 08:46:11 2020 No.20731222

>>20724758
>yale economist
economists have no skin in the game. they never feel the postive and negative feedback inflicted by the market for being right or wrong in the way that speculators do. nonetheless, they still wield disproportionate influence over the future of our lives; when they are wrong, which they often are, there is no punishment and it is memoryholed. when they are right - once in a blue moon - they milk it for all it’s worth and steal a living off the back of it - see roubini for example.

>>	Anonymous Mon Jul 27 08:47:42 2020 No.20731249 >>20726555 >There is no buying cap/limit though, right? Not as far as I know also Checked.

>>	Anonymous Mon Jul 27 08:49:25 2020 No.20731278 >dollar dumps a lot >omg should I spend it for other assets buy high sell low the biz way everything is exit pumping

>>	Anonymous Mon Jul 27 08:49:33 2020 No.20731280 File: 491 KB, 1280x1826, 1558088247411.jpg [View same] [iqdb] [saucenao] [google] >>20730663 I can see you are a man of taste as well. I wish you success and tons of money.

>>	Anonymous Mon Jul 27 08:49:42 2020 No.20731285 File: 368 KB, 900x1000, 1562840263270.png [View same] [iqdb] [saucenao] [google] >>20731195 >Revolution is a sin against God. Counter-revolution aka Restoration of Monarchy is completely fine however.

>>	Anonymous Mon Jul 27 08:57:23 2020 No.20731452 >>20731222 Go deadlift, Taleb.

Anonymous Mon Jul 27 09:00:07 2020 No.20731513

>>20725767

The funny thing is the "cares" act cost $2.2 trillion, or $11,000 per adult. So if instead of printing the money, if they kept it fiscally neutral, and taxed everyone an additional $11,000 then gave a fraction of them back $1,200 it wouldn't seem like congress "cared" so much about the middle class after all. But when the tax is "invisible" through inflation and printing money, people who get $1,200 checks are easily duped into thinking they aren't actually the suckers in that deal. For everyone who got a $1,200, $10k went to global corporations and the world's wealthiest, and all that will be paid by the middle class through inflation anyway.

>>	Anonymous Mon Jul 27 09:07:09 2020 No.20731657 >>20729552 I meant to be ironic anon. You are right with what you say obviously

>>	Anonymous Mon Jul 27 09:09:57 2020 No.20731711 >>20724566 Nothing to see here Goy. Just collect your Trump Bucks and use this time to sit at home and down load your favorite only fans. We are giving away free PornHub premium as a way to give back to the community during this crisis.

>>	Anonymous Mon Jul 27 09:14:57 2020 No.20731827 >>20731149 Democarcy is shadow oligarchy, where rich people own the media and push their puppets as leaders to rule through them. And it's impossible to hold them accountable for it.

>>	Anonymous Mon Jul 27 09:34:19 2020 No.20732333 >>20731827 True

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/biz/ - Business & Finance