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21833718 No.21833718 [Reply] [Original]

>be me
>dad just casually told me he holds almost $500k worth of gold
>mum told me recently her stocks are up $350k since the beginning of the pandemic
>both are still not in crypto and not very much interested no matter what i tell them

>> No.21833813

Up $350K? Yeah maybe they should just keep doing that anon.

>> No.21833935

>>21833718
you mean the US government has almost half a million in gold being temporarily held by your father

>> No.21834019

>>21833813
i was a bit surprised about that as well, thought the market had tanked but whatever i guess
>>21833935
not a burger, but yeah

>> No.21834422

>>21833718
based. sounds like they've either made it already or they are dumb af considering that most financial advisors recommend people to diversify just 10-15% of your portfolio into shiny metals kek

>> No.21834532

>>21833718
You can't teach old dogs new tricks anon.

>> No.21834559

>made 350k on stocks in 6 months

Why would they take advice from you?

>> No.21834649

white peoples parents sure do have a lot of money

>> No.21834701

>>21833718
are they “up” 350k or did they just recover to what they were

>> No.21834724

Suggest them some uniswap ((gems)) anon, post their reaction when they are rugged 10 minutes after investing their stock gains into it

>> No.21834807

>>21833718
Crypto is a market for young poorfags who are willing to risk everything on a possible 100-1000x and whales who know exactly what they're doing and make millions and millions of dollars on a 2-10x. Older normies with a lifetime of wealth accumulation aren't going to touch it besides maybe dipping their toes in.

>> No.21835023

>>21834532
makes me crazy. i told them to get in at 4k usd BTC and now we are close to the bullrun and i feel shit for recommending anything now after all those pumps, because it could as well dump and i'll look like a retard..
>>21834559
i'm up 40k usd in shitcoins
>>21834701
up as in profit above January levels

>> No.21835144

>>21833718
Boomers aren't very savvy when it comes to tech and Crypto is high risk. Your parents are most likely planning a comfy retirement and wouldn't want to jeopardise that. It sounds like they are quite comfortable financially anyway and don't really need a make it stack of PNK in their lives.

>> No.21835296

>>21833813
>>21834559
>pretending boomers are financially intelligent for simply being employed at the right time during the tech stock 10+ year bullrun

>> No.21835773

>>21835296
Not pretending, but they've clearly made it lol.

>> No.21835827

>>21835296
>pretending millennials are financially intelligent for simply coming of age and being on the internet during the emergence of a brand new asset class

>> No.21836265

>>21833718
Just let the boomers make money the way they are used to doing.

>> No.21836616

>>21833718
Crypto is an unstable ponzi scheme scam.
People that invest, especially old people, can get hurt badly and lose their life savings.

>> No.21836675

>>21834649
BLM cuck spotted

>> No.21837059

Boomers are boomers. They seem to conceptually understand it but they're boomers and will stubbornly never change their understandings. They fundamentally understand that the nazis were right, gold and the USD are intrinsically valueless and rock and roll is no longer hip yet they would rather live in delusion until they die. These are people who still trick themselves into thinking they could go to the bank tomorrow and take out all of their cash as if its safely stored in a vault.

>> No.21837103

>>21836616
All currency is a ponzi scheme.

>> No.21837761

Wait til social security evaporates. Goodbye USD, hello BTC

>> No.21837867

>>21833718
Boomers goes to bank and bank handles everything. Even investing if they opt in for a mutual fund.

Crypto you have multiple central exchange accounts, several wallet apps. A hardware wallet, numerous seedphrases written down, Decentralized exchanges, and 4chan.

>> No.21838197

>>21833718
>500k worth of gold
>350k stocks
anon... I...

>> No.21838264

>>21837103
Not on the level of bitcoin lmao

>> No.21838270

>>21836616
and stocks aren't? you're buying them based on the belief someone will buy them from you for a higher price, stocks are literally a ponzi scheme
>muh dividends
they don't pay shit most of the time