/biz/ - Business & Finance

[Anonymous No.50898064]

Should i just throw it all into gold and call it a day?
How do you think Uganda's discovery of 320,158 tonnes of gold would impact the market ?

[Anonymous No.50898071]

>>50898064

Uganda didn't discover shit, it was a chinese company flying a drone over some land to justify a government payday.

[Anonymous No.50898083]

>>50898071

[Anonymous No.50898089]

>>50898064
Do u like Gold dildos in ur rectum?

[Anonymous No.50898105]

>>50898083
this is a pipe dream that will become pure cope when gold crosses $2000 again

[Anonymous No.50898127]

>>50898064
price seems high

[Anonymous No.50898130]

>>50898064
>>50898083
It's pure speculation at this point. Stop falling for clickbait articles. Governments pay for bullshit surveys like this all the time to con foreign investors into building infrastructure for them that they have to leave behind whether or not there is actually a profitable amount of resources.

[Anonymous No.50898133]

>>50898064
As an investment? or Speculation.

[Anonymous No.50898136]

>>50898127
yes but did you notice that line goes up?
also line went up even in 2008.

[Anonymous No.50898147]

Pro tips for investing in gold

[Anonymous No.50898148]

>>50898133
Long term investment, and i'm talking 70% of my savings.

[Anonymous No.50898244]

>>50898148
Don't invest in anything that doesn't produce cash flows over the longterm. There's no advantage to owning gold over real estate (reits or physical) as an inflation hedge or stock indexes. If you hold over a long enough time you cost basis goes to zero on property and indexes. With gold you can't lower your cost basis without buying more. if you're young 20s or 30s you're going to want to kill yourself for owning gold when you reach your late 30s and 40s.
The world isn't going to just collapse and the earlier you start compounding the better. Gold can have a place in a portfolio witha purpose of liquidating it during crashes. I wouldn't have more than 5% personally.
My portfolio without going into specific positions is
>60% Developed markets
>20% REITs
>10% Emerging markets
>10% Crypto.
Im kind of retarded though

[Anonymous No.50898267]

>>50898064
do it if you want to bleed along the junior miners and serve as exit liquidity for Barrick's shareholders
you're basically kike cattle
ah, buy silver if you want to line up JPM pockets, so they can short your shit for free money while you eat cat food

[Anonymous No.50898272]

>>50898148
If you're a burger you can just DCA into a world index and be fine over the longterm.

[Anonymous No.50898296]

>>50898244
thanks that's good advice but i have a really dark outlook on the future.
It's either this or water https://www.killik.com/the-edit/why-michael-burry-is-investing-in-water/

[Anonymous No.50898325]

>>50898296
If you believe in water death don't buy gold by positions in nestle, coke and the other water barons. The gold play is retarded, if you put 10k in gold in 1986 to today you'd have $50k if you did the same with the S&P with 0 added money you'd have 620k today. Don't be retarded don't be a /pol/ schizo.

[Anonymous No.50898327]

You've lost money the last 40 years if you had invested in gold. It's just a boomer meme. Shiny rocks were only valuable in the past because humans had no technology. The advent of the internet removed gold's extrinsic and intrinsic value. The scarcity of gold and silver don't matter because there's more than enough for another two hundred years for industrial technology. It's not even the most limited natural resource for technology.

[Anonymous No.50898346]

>>50898296
If you put that same amount in coke in 1986 you'd have $5,000,000. Gold is a retarded play.

[Anonymous No.50898364]

>>50898064
everyone knows that africa is a producer of gold. Same as russia and canada. the fact that 4chan is sperging out about africans finding gold is crazy to me.

[Anonymous No.50898478]

>>50898346
most of us aren't mutts. my country's stock index aren't that impressive and for non-americans gold is a good play because we dont have the reserve currency.

[Anonymous No.50898499]

>>50898478
You can buy hedged indexes. If anything it makes it a better investment and value lock.

[Anonymous No.50898510]

>>50898147
weird that it's outperformed the SPY since 2000 if everything is bad for gold

[Anonymous No.50898627]

>>50898499
i'm still not convinced non-dividend stocks aren't a scam. You give money to a company and get a stock ticket and you trade that ticket around to other people? I'd rather actually start real companies than just trade papers around.

[Anonymous No.50898731]

>>50898325
You are comparing inflated bubbles to shorted assets that just became relabelled to risk free assets.

[Anonymous No.50898768]

Gold is a good play

Lots of uncertainty with the collapse of USD in near future

I see it doubling Over Next 5years

[Anonymous No.50898822]

>>50898627
You should really look into how dividends are paid and why they're paid. If you think a rock is going to be a better investment than a revenue producing company I don't know what to tell you.

[Anonymous No.50898838]

>>50898064
>How do you think Uganda's discovery of 320,158 tonnes of gold would impact the market ?
Does this mean shinny rock not as good as pretty paper???

[Anonymous No.50898874]

>>50898838
shiny***

[Anonymous No.50899465]

>>50898325
620k of monopoly money or real wealth that lasts across empires? Not exactly a hard decision.

[Anonymous No.50901516]

>>50898083
>>50898064
This FUD again, can't you guys come up with better FUD than trusting niggers that say they have gold.

[Anonymous No.50901591]

Uganda cannot mine the gold
china offers to mine the gold for them, for a cut and some roads + power plants, and also ownership of the mine
gold vein mysteriously depleted within 6 months
oh hihihihi we found rare earth metals here also ;)
we own the land now:)))))
now we mine metals ;)))))
shishi no re niggggggers

[Anonymous No.50901689]

>>50898327
>because there's more than enough for another two hundred years for industrial technology

LMAO, better start cracking open the Vatican's secret vaults to smelt down their ancient silver ornaments and statues because COMEX is running hilariously low.

[Anonymous No.50901788]

>>50901591
Accurate

[Anonymous No.50901875]

>>50899465
With the 620k monopoly money you could have bought a lot more gold than the 50k worth of gold...

[Anonymous No.50902161]

Gold is only for when you're already rich, like 8 figures minimum. Then only 5% at most. It's a backup in case your profitable plays (crypto) somehow fail terribly.

[Anonymous No.50902256]

>>50898064
>China and Russia have been buying gold for the last couple of decades
>recession.exe
>West doesn't want gold to moon because they don't have a stack as big as chinks and vlads
>muh Uganda discovers twice the amount of the existing gold
>print ETF based on that gold and sell them to low IQ investors
If you want gold buy gold, if Uganda had any gold the Brits/French would've sucked it dry centuries ago.

[Anonymous No.50902283]

>>50898064
>How do you think Uganda's discovery of 320,158 tonnes of gold would impact the market
Even if they have that gold (highly doubtful). They first have to get it out. There is probably trillions of dollars worth of minerals in all kinds of places. Good luck actually mining it.

[Anonymous No.50902411]

>>50898147
>all news is good news
Signs of a hyperbubble 101

[Anonymous No.50902497]

>>50898244
>The world isn't going to just collapse

[Anonymous No.50902727]

>>50898244
>crypto

Advice disregarded.

[Anonymous No.50902829]

>>50902256
>19th century colonial powers had modern geological survey capability and took everything
and that’s why niggers are poor, the yt man stole all their gold and shieet

[Anonymous No.50902870]

>>50898064
>w it all into gold
What a retarded thing to do. If you wont do crypto you can at least do SPY/QQQ and do better than gold.

[Anonymous No.50902959]

>>50898064
You mean the thing that has barely changed price in 20 years?