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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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50351596 No.50351596 [Reply] [Original]

>> No.50351617

he will handwave it
>store of value

>> No.50351660

>>50351617
It should be seen as a store of value though, not a fad that jumps around

>> No.50351765

>>50351617
Except it's worth even less inflation adjusted.

>> No.50351847

>>50351596
he lost his bank too

>> No.50351865
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50351865

>>50351765
wut

>> No.50351904
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50351904

>> No.50351923

>>50351865
Do it in the reverse you dumb fuck and look how the gold have depreciated instead you imbecile.

>> No.50352018

>>50351596
In 2000 it was under 300 you moron. Name any market that had 5.6x in that span. Yea go fuck off with your crypto bullshit. All crypto is pure speculation and yes I trade it and make money on it, but that doesn't mean it's the future. You fucking shils make /biz unbearable. Always falling in love with your investments, which should be treated like whores. Use them and then on to the next.

>> No.50352379

>>50352018
Now use the price of gold vs Dow in 1995 vs now and get back to me you dumb fuck.

>> No.50352441

>>50351904
Absolutely destroyed by president baggie.

>> No.50352467
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50352467

>>50351596
that picture is not the own you think it is
those 1700 dollars are worth less now than they did back then, adjust it for inflation

>> No.50352500

>>50352379
oh i see you are shitting on gold
i've seen some precious metals morons use arguments like your OP as a good thing for gold or something

>> No.50352511

>>50351865
Look up what the price of gold is today though.

>> No.50352524

>>50352467
wat

>> No.50352571

>>50352379
You're the dumb fuck as you're explaining exactly what I was fucking saying. Fuck shilling for this and that treat it all like a whore and use it to make money then on to the next. Go fuck off stupid fucking peasant.

>> No.50352573
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50352573

>>50351923
pretty sure you can just subtract the difference for the same result but you sound super duper smart so I trust you.

>REEEEEEEE evErY ThiNg oN the InterNet Is REAL

>> No.50352630
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50352630

>>50352467
>>50351865

>> No.50352731

>>50351865
are you mentally retarded lmao

>> No.50352799

>>50352573
>pretty sure you can just subtract the difference for the same result but you sound super duper smart so I trust you.
Do you legitimately have a mental deficiency

>> No.50352800

>>50351596
Implying this isn't the dip where people are selling their shit due to the poor economy. Then we will have a crash and it moons like in 2008 but harder.

>> No.50352813
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50352813

>>50351596
>Shut up kike I will be a le kangz with my $200 shiny rock stack after the world ends in 2 weeks.

>> No.50353244

Peter Schiff up to very recently was touting Gold Mining Stocks as a haven against inflation. That turned out to the a poor choice. Just have a look at Barrick Gold Corp. Stock symbol: GOLD. In April 2022 it was about 25.75, today it's 15.49. So if you took 100,000 of your savings, and instead of buying a poor paying CD, invested in Gold Mining Sector per Peter's advice: you'd have currently lost $40,000.

>> No.50353341
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50353341

>>50353244
>69k
>19k
>What now baggie.

>> No.50353491

OuetgU+B
Seething won't make you white vatnick.

>> No.50353558

>>50352731
>lmao
>>50352799
I know this board gives you a brief respite from your terrible midwestern cousin fucking existence, so yes sweetie. I'm retarded.

>>50352630
nonono, let me have this. the market is boring.

>> No.50353665

Investing in gold/silver is something only retard conservative "libertarians" do because they have a false schizo belief that the world is going to implode at any moment and only random metals (lol) will hold value in that scenario.

All of the goldbros make their money off selling "gold buying lessons" to retards. They always lose money on any investments in gold unless they run a jewelry store that buys from meth heads at pennies on the dollar.