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21576557 No.21576557 [Reply] [Original]

Are you bullish on precious metals?

>> No.21576885

>>21576557
Yes but I just sold my silver stack bc it is a pain in the ass to store, insure, get it to the bullion dealer. I just bought silver etf - I dont buy into the idea that it will be useful in an apocalyptic situation anymore.

>> No.21577576

>>21576885

nice b8 m8

>> No.21578307

>>21576557
Yep. Everyone should have physical gold and silver in your own possession. Then, if you want to make a lot of money, start getting into gold and silver miner stocks. We are about to see insane gains.

>> No.21578372

>>21576557
Just gold Tbh

>> No.21578465

>>21576557
>he thinks the electrical grid is going to collapse
>he thinks the grocery store will be open
>he thinks he will give cashier 1oz gold coin
>he thinks cashier will have ability to assay gold
>he thinks cashier will make change and give him back .9125126 oz change for his purchase of chicken and rice

for every non-doomsday reason you can find to buy gold, bitcoin is a better choice.

for every doomsday reason you find to buy gold, lead and land are better choices.

git gud and stop being retard faggots

>> No.21578761

>>21578465
No ones paying cashiers in gold , it’s the most traditional hedge against hyper inflation and inflation is going to be fucked over the next 10 years . Banks and billionaires hold gold , it’s never going to drop.

>> No.21579057

>>21576557
>you bullish on precious metals?
No
useless rocks without value while tesla made a x100

>> No.21579072

SOMEONE BAKE A NEW PMG BREAD OMG THE OLD ONE GOT ARCHIVED

>> No.21579089

>>21576557
who isn't?

>> No.21579133

Goldbacks. That is all.

>> No.21579173

>>21576557
Same thread every day with coinfags and asteroid memes. Curious

>> No.21579240
File: 755 KB, 720x800, peterschiff.png [View same] [iqdb] [saucenao] [google]
21579240

WHAT

>> No.21579330

>>21578465
lol why would you buy land from a system you believe is going to collapse

>> No.21579353

>>21578465
Read a fucking book.
Society literally allows humanity to take a break from the backbreaking work of Darwinian selection and you fucking throw away the sweet gift of undeserving survival by being fucking retarded.

>> No.21579424

>>21578761
>it’s the most traditional hedge against hyper inflation and inflation is going to be fucked over the next 10 years

didnt even read: for every non-doomsday reason you can find to buy gold, bitcoin is a better choice.

good luck sending your gold across the world instantly using postage stamps and niggers carrying it.

>> No.21579491

>>21579353
consider for a moment that I'm worth 100x times what you're worth.

consider i'm a boomer

consider i own more physical gold than you will ever have

consider i have considered the pros and cons of gold starting before you were born

consider the moment bitcoin came unto the scene i said: finally a solution to the actual problems of physical gold.

>> No.21579540

>>21579491

Mike Hearn exposed Bitcoin as a scam years ago.

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7

Satoshi is Adam Back.

https://www.youtube.com/watch?v=XfcvX0P1b5g

>> No.21579620

Yes, because i'm not stupid enough to lose my money on shitcoin roulette.

>> No.21579807

>>21579620
Better buy Chainlink. Oh wait...-18% today

AHHHHHHHHHHHHH

Fuck it, i will go all in on TSLA. Very cheap now!

>> No.21580008

>>21576557
no, im a brainlet who has total faith in the US dollar as a global reserve currency that will never fall out of favor or have trust and faith lost in it while the print to infinity.........smdh

at this point even lichen are bullish on PMs

>> No.21580186

>>21579540
hearn was wrong. i know hearn, personally. he is/was a good guy and well meaning, but he was simply wrong.

among all the development paths possible, making btc into a settlement network was the right choice all things considered.

deal with it.

>> No.21580515

>>21579491
you don't own more gold than me
you are definetely older than I am
you might own more bitcoin than i do

>> No.21580631

>>21580186

Think I'll trust Mike Hearn over you, but thanks anyway.

>> No.21580664

>>21580515
>you don't own more gold than me
you have >250oz?

>> No.21580909

>>21580664
my dad worked in Japan in the 80's as a lawyer and he built infrastructure etc.
None of my brain cells had anything to do with his investments, but this system lets me and mine profit from it.
inb4 >it's not yours
system

>> No.21580916

>>21578465
Bullets will be easier to barter, and everyone understands the value. .22 rounds will be perfect for that

I used to hold a bunch of bullion, but its not liquid. You have to sell at a jeweler or specialty buyer and they are going to take a cut of profits.. its fun to hold for prepper gear or whatever, but not something to see as retirement

>> No.21580971

>>21580916
you can get fiat interest rate on it if you have enough
pays local currency but some of them are pretty stable

>> No.21581051

>>21580631
Not shitting on Mike, but really who was he? A goog employee in their fraud dept. That was unironically one of the most bullish things when I discovered btc in 2010, that a goog security emp was involved.
However outside of that he didn't actually have any particular economics insights. In fact at the time he stood out by being fairly 'liberal' in what was a pretty 'ancap' community. He certainly believed that govs should regulate btc, for instance. He certainly wasn't "anti fiat" per se....his position was a very neo-liberal position like a mark zuckerberg. Wanted to create a new whizzbang fancy tech money, but ultimately within the mainstream confines.
You should be careful who you idolize, even if their arguments support your creg / ver coin you got suckered into....

>> No.21581110

>>21581051

I don't buy any crypto, it's all worthless. From BTC onwards. A worthless scam-coin made by Adam Back, and everything else a pump and dump to con people out of their money. Gold, silver, and mining stocks are the only things which people should own.

>> No.21581304

>>21580916
precisely. to be clear. I think everyone should own *some* bullion. In the pantheon of asset protection it does have a use. Its basically serves as a supra-cash.
But holding more than 30oz physical is probably stupid.

>> No.21581387
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21581387

yes

>> No.21581581

>>21581110
you are probably still in your honeymoon with gold. as the years wind on, you will start to see it differently. the flaws (significant flaws) will become more glaring as you consider actually depending on it.
wait until you realize that the paper gold which you rail against controls your market. wait until you realize there will never be a point where "physical gold" decouples.
As long as there is electricity and internet = paper gold will win
If there is not electricity and internet = lead and land are better choices
As long as there is electricity and internet = bitcoin was the better gold

>> No.21581859

>>21581581

>>wait until you realize that the paper gold which you rail against controls your market

Hahaha. You haven't been keeping up with the latest news about the COMEX, have you? Keep your eye on September.

When the fiat system collapses, we go back to gold. That's it. That's what the central banks are hoarding, and that's what will back the new currencies. Not a worthless scam-coin which fell apart in 2017, and which everybody with an ounce of common sense knows can never be used in genuine transactions.

>> No.21581943

>>21581859
>just wait until next month
yeah. ok

>everybody with an ounce of common sense knows can never be used in genuine transactions.

what is the merchant adoption of gold?

>> No.21581980

>>21579807
> Cheap
> P/E ratio >944

>> No.21581992

>>21579540
>>21581110
the fact that you are sincerely dumb enough to think that guy is satoj tells me all I need to know

just lmao

>> No.21582333

>>21581992

Stick to your delusions if you please; nobody else is believing them, so they are only causing harm to yourself.

>> No.21582463

>>21582333
>"""""stick to your delusions"""""
>and then
>i'm going to walmart honey, give me the baggie of gold dust so the cashier can weigh it out and assay it now that the dollar has collapsed.
wow

>> No.21582542

>>21576885
In an apocalyptic situation no currency will be useful. Only products will be useful: food, lighters, gasoline, weapons, ammo, etc.
But in a semi-apocalyptic scenario it can be your ticket to salvation.

>>21576557
I'm bullish but forget about 5X or even 3X in a reasonable timeline (measured in 2019 dollars).

>>21579330
You buy it before collapse and prepare your defense towers for doomsday. If you're not prepared before the collapse there's no hope for you.