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/biz/ - Business & Finance


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51614661 No.51614661 [Reply] [Original]

LAUGH AT GOLD BAG HOLDERS HAHAHAHAHAHAHHA

>> No.51614681
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51614681

lets see how they cope

>> No.51614696

>>51614661
Why the fuck are there so many threads fudding gold? Gold bugs don't even post about gold this often.

>> No.51614710
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51614710

All the boomers thought it would boom during the pandemic but normalfags threw their stimmy checks into crypto instead

>> No.51614714

>>51614696
Gold destroys everything if you let it.
The only solution is to monetize it, hide it in plain sight.
Trying to put it out of sight and out of mind in vaults all over the planet and giving banks endless credit to short-hold it is not a solution.

>> No.51614723

>gold
-15% from ath
>crypto
-80% from ath

Thanks, I'll keep "bagholding" gold.

>> No.51614745

>>51614696
really makes you think

>> No.51614799
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51614799

>>51614661
I've realized gold is just an investment for weird middle aged->elderly men to stim with. It's tangible, stored locally, and has a lot of mass plus looks precious so they can pick it up and touch it and rub it on their nipples while having faggot libertarian fantasies about the world plunging into chaos and making a smart decision for once in their lives

>inb4 le smug "I also invested in lead" firearm stoooorers

>> No.51614809
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51614809

>>51614661
>>51614681
>>51614710

>> No.51614811
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51614811

>>51614661

>> No.51614827
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51614827

>>51614661
>>51614811

>> No.51614837
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51614837

>>51614696
>>51614745
hello gold baggies

>> No.51614848

>>51614696
paid shills
bullish

>> No.51614865

>>51614723
>-15% from ath
still a lot for gold

>> No.51614867
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51614867

>>51614661
I will now perform the successful strategy of inverse /biz/ investing.

>> No.51614868

>>51614661
>Inflation hedge
in a deflationary world HAHAHAHAHAHA

>> No.51614891

It’s almost time brothers.

>> No.51614945

>>51614714
The fuck are you talking about.

>>51614661
Gold has no counterparty risk is a tangible asset, and good store of value in the long term. I will continue holding some.

>> No.51614956

>>51614723
even after an 80% drawdown crypto has outperformed gold during the pandemic

>> No.51614973

Money managers sound like gay retarded niggers

>> No.51614981

>>51614956
People don't buy it expecting it to moon, they buy it to preserve wealth. It averages 2% return post inflation over the very long term.

>> No.51614987

>>51614973
Lol this. We're seeing currencies around the world collapse, Japan selling off US bonds, stock market dumping, and a global recession. Good time to go short gold!

Lel, jej even.

>> No.51614989

>>51614981
they buy it because of memes. gold is a shiny memecoin

>> No.51614990
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51614990

>>51614981
skeleton hands typed this post

>> No.51615055

>>51614989
At least I can use it as a nice paperweight and hold it.

>> No.51615103
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51615103

>>51614661
> money managers go bearish
> suddenly /biz/ spammed by fud
> in the meantime people are making a fortune doing arbitrage to Asia with $40 / oz profit, draining the LBMA
This surely can't blow up in the "smart money" face.

>> No.51615119
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51615119

>>51614696
good question? Why is there so much FUD lately? I am just gonna buy more silver and gold.

>> No.51615141
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51615141

>>51614723
It's actually down 21% from ATH

>>51614981
Gold hasn't kept up with inflation in over a decade.

>> No.51615152
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51615152

>>51614661

>> No.51615168

>>51614723
dimwit take

>> No.51615174

>>51614723
>crypto
up 500% from atl
>gold
up 10% from atl

>> No.51615179

>>51614981
>Bro just hold for 4 decades and you'll be up 50%
Ah yeah, can't even sit for my $100k to be $150k when I'm 70

>> No.51615186

>>51614981
>they buy it to preserve wealth
even treasury bonds beta your shithole asset

>> No.51615192

>>51614661
> fund managers say
always do the opposite, biggest gold buy signal confirmed. liquidity farming

>> No.51615197

>>51615103
>in the meantime people are making a fortune doing arbitrage to Asia with $40 / oz profit, draining the LBMA
more info on that, please.
what's going on?

>> No.51615200

I despise goldbugs and have been telling people to stay away for years. Whatever, they get what they deserve

>> No.51615205

>>51615197
Nah, go fuck yourself

>> No.51615215
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51615215

I don't get what's so funny about my bags, mate.

>> No.51615251
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51615251

>>51615205
u2

>> No.51615270
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51615270

>>51615186
Treasury bonds you say.

The ones that are selling off right now?

>> No.51615274
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51615274

>>51614661
>asteroid mining
>gold synthesis
>ocean extraction
>Ugandan Wakanda mine
>(((Bloomberg)) experts

Hmmmm

>> No.51615403

>>51614696
hmmm i wonder
https://www.youtube.com/watch?v=zwQ91P8vLqE

>> No.51617982

>>51615200
post nose

>> No.51617994

>>51614661
Why laugh, they don’t treat gold like a stock they treat it like a moonshot

>> No.51618039

>>51614661
Nice kike propaganda. Meanwhile in the real world, every central bank in the world is a net buyer.
But please, never buy rocks, i don't want any of you to make it.

>> No.51618049

people don't believe it, or like to hear it, but the birth of bitcoin put a huge dent into gold's appeal as an "outside" hedge against the monetary-planned world.
how large that effect is you'll never be able to tell, but it's not a surprise that gold has performed miserably over the last decade while bitcoin rose from nothing.

>> No.51618903

>>51614696
*hand-rubbing intensifies*

>> No.51618959

>>51614714
I'm pretty sure youre thinking of Ice-9. Gold is a harmless rock

>> No.51618978

It's silver baggies you should be laughing at

>> No.51618998
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51618998

kek indeed
so dollar is getting stronger against everything including stock market, real estate, btc and even to every other currencies on the planet
but PM retards keep saying that inflation is 9%, how do we resolve this paradox?
the 9% inflation is called consumer inflation that track consumer prices only, it doesn't include asset prices, so while asset prices are crashing against the dollar the consumer price stays high
now if i hypothetically have 1 million dollar (just for simplicity, i actually have more) and the dollar is getting stronger, my 1 million dollar is deflating and getting stronger and i can buy more assets with the same 1 million dollar, what's weakening is my $100 weekly food budget, with 9% inflation now it's $109, but it doesn't affect me since i have one fucking million dollar
now, why is every PM retard insist that dollar value is diminishing through inflation?
it's because they're so poor their money is 100% allocated for consumer products such as food and gas
that's it, that's the paradox, they're fucking poor, fucking kek

>> No.51619066

>>51614661
>>51614681
>>51614710
>>51614868
>>51615152
>>51618978
>>51618998
Bottom signal

>> No.51619106

>>51614696
See >>51615119
faggots like this want you to pump their gold bags.

>> No.51619146

>>51618998

Dollar milkshake theory. You're welcome.

>> No.51619151

>>51614710
yeah, and now they're both sorry

>> No.51619160
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51619160

>>51619146
dollar milkshake states that fund will flee to dollar and will pump the stock market
didn't happen, not happening
it's liquidity crisis

>> No.51619172

>>51614696
Gold bugs are in absolute doomer mode right now and some of it is spilling out of /pmg/

>> No.51619206
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51619206

>>51614723
Gold is at the same price it was since 2011 LMAO
It's also only up 13% from the covid lows. Pathetic

>> No.51619409

how much +% do you pay whenever you buy or sell physical in burgerland

>> No.51619445
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51619445

>>51619409
Oh shit, that's right. They pay a premium too, LMAO
Apparently they pay 2-5%. What a scam. Shit performing asset that has a steep premium despite being too big to give multipliers.

>> No.51619506
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51619506

>>51614696

>> No.51619573

>>51618998
Copypasta

>> No.51621060

>>51619160
Lol - are you retarded?

The DXY is going through the roof, people ARE fleeing to the dollar. And it has nothing to do with stocks.

>> No.51621092
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51621092

>>51619172
>>51619206
>>51619445
kek

>> No.51621157

>>51614956
>even after an 80% drawdown crypto has outperformed gold during the pandemic
and yet none of you bitcoin retards are in profit, lol

>> No.51621703

>>51621157
how many months has bitcoin been above 20k for vs the 165 months it's been around for?

>> No.51621725
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51621725

Hmm maybe i should buy an ounce or two of gold if everyone is bearish.

>> No.51622180

>>51618998
This guy is probably right he does have a lot of watches