/biz/ - Business & Finance

[Anonymous No.53095668]

I can't believe I wasted all my money on gold. Is there even a crappier asset than gold? I been memed by /pmg/ and /setf/ shills into buying usesless boomer rocks.

[Anonymous No.53095676]

>>53095668
>Is there even a crappier asset than gold?
silver

[Anonymous No.53095682]

great coin
doxxed team
liquidity locked
to the moon

[Anonymous No.53095690]

>>53095668
>>53095668
i bought gold 3 years ago and it didn't go up or down. so i lost because inflation made everything 20pct more expensive. I lost out holding stupid boomer gold.

[Anonymous No.53095702]

>I can't believe I sold all my fiat and forgot to but dividend paying assets with the money. Now I'm holding the bags of moneys after an horrendous year in the stock market
Ok

[Anonymous No.53095705]

>>53095668
Pmg is for learning about why hard money is good. It's decent for gambling on junior miners and exploration stocks. Else than that, if you came to biz and haven't at least doubled your principle, you got to figure it out this year or else you're probably never going to make it.

[Anonymous No.53095737]

Every American literally should just own enough silver and gold to trade with a no-coiner for a few weeks of groceries, a horse, and a few bricks of ammunition

[Anonymous No.53095746]

>>53095668
Everything is down 15%-80% since (((the golden bull run))) ended in 2021
Gold is basically the same price it was in 2021

[Anonymous No.53095785]

>>53095668
Gold is going to be priceless soon and than worthless shortly after but

I'm selling my house around 275k right now and my cousin owns a luxury real estate company and agreed to match
A EMD to help me out

Would anybody give me a loan through
Him at 100% interest? Like 5g locked in
EMD through Escrow for 10g return upon
Sale

Or 7500 for 15000

[Anonymous No.53095801]

>>53095668
>Is there even a crappier asset than gold?
It's unironically one of the worst offenders and anyone who stills claims the opposite is either in denial or had too much koolaid to notice.

[Anonymous No.53095812]

>>53095668
Gold is in,y useful on those ears occasions when it rises considerably.
More often, your whole “profit” is eaten up by the purchase premium, and the fact that they wont even give you spot gold when they buy it from you.

[Anonymous No.53095851]

>>53095737
>hey dude can i have some of your food? I'll give you shiny rocks
>Umm, No.

[Anonymous No.53095876]

>>53095801
Gold did 7x since 1999
But muh worthless boomer rock

[Anonymous No.53095889]

>>53095851
Normies have an instinctual reaction when they see and hear gold. It is extremely barterable

[Anonymous No.53095895]

>>53095668
gold is cringe, boomers will just be offloading their bags and dumping constantly

[Anonymous No.53095942]

>>53095876
If you look at that chart and you even remotely think that gold is holding any value or is a safe heaven for anything then, as I already said, you are in denial or too deep in the kool aid pools. If you bought gold in 1997-1998 you are breaking even NOW. Nice performance.
If I hid the timeframe and told you that's a shitcoin rugging you would be in stitches over the retards that got involved in it.

[Anonymous No.53095982]

>>53095668
just look at all the people on this board that are down 80% or more this year and you tell me if gold is a bad deal or not.

[Anonymous No.53096001]

gold did okay in 2022, i think up a hair
but until the dollar weakens relative to other currencies, it's going to be a pretty boring asset

[Anonymous No.53096034]

It was one of the best assets of 2022

[Anonymous No.53096035]

>>53095942
at least gold is stable

[Anonymous No.53096154]

>>53096035
Yeah, diagonally stable lmao

[Anonymous No.53096178]

>>53095668
You can put gold in your underpants, rub it on your testicles while doing a Goldfinger impression, which isn't possible with most assets.
To be clear, I own gold, but I have never done this.

[Anonymous No.53096185]

>>53096154
Not him but there are literally currencies from 1997 that don't even exist anymore, times when it was illegal to withdraw anything more than a handful of notes per day from an ATM if the government hadn't already stolen it from your account, or are inflated so much that having a decent amount of gold instead the whole time has been a far better deal.

[Anonymous No.53096227]

>>53095942
Gold was 380 to 295 in 97 and 98. It's 1800 right now. Are you really so fucking stupid that you can't do basic math or are you just trolling?

[Anonymous No.53096245]

>>53095668
gold is the most meme thing there is. doesn't do shit even though when market conditions would mean you would expect it to. I don't think anyone cares about gold anymore beyond its actual uses in technology and stuff.

[Anonymous No.53096258]

>>53095668
Imagine basing your investment strategy off conspiracies and nonsense peddled to you by retarded zoomers who spend all their time on /pol/ lmao

[Anonymous No.53096265]

>>53095690
3 years ago gold was around 1400. It's 1800 now. Thats a 30% increase so it has outpaced inflation since then. Jesus christ you people are fucking pathetic.

[Anonymous No.53096276]

>>53096227
It's just fud. The metal machine is getting nervous. If you've been holding gold since '97, even accounting for inflation, you're up 3X.

[Anonymous No.53096482]

Gold is cuck shit and heading for copper territory a lot sooner than you think. By 2050 someone will haul the first gold crusted asteroid back to earth for mining. Then it's entirely over for precious metals fags.

When the government seizes SpaceX away from Elon for being a hatemonger and Bezos pivots away from tourism, it's done.

[Anonymous No.53096543]

>>53096482
Because the government is so much more efficient then private business. How long has it been since we went to the moon? We'd have a better chance of CERN opening a gateway to hell and Satan coming to scull fuck your mother than people mining asteroids by 2050.

[Anonymous No.53096970]

>>53095668
If you’re investing generational wealth, like you’re planning a hundred years into the future, it’s not unreasonable to allocate part of your portfolio to gold.
Other than that, though, yeah, it’s not great.

[Anonymous No.53097193]

>>53096178
>Physical Gold and Silver
>If you don't rub it on your benis, you don't own it.

[Anonymous No.53097207]

>>53095668
>buy a useless rock
>PAY someone to hold if for you
>PAY tax on it even though it yields nothing

Just lmao.

[Anonymous No.53097242]

>>53096227
>yeah bro gold went up
so did the money flow in the entire wolrd
that char I posted is the only chart yo ushould look at to see the true value of gold and the true value of gold has declined for decades
keep coping goldbug

[Anonymous No.53098402]

>>53097242
Oh the little retard is mad. Fuck your dumbass chart. It doesn't mean shit. Gold was in the 300s early 2000s its 1800 now. It has not declined in value its value has stayed the fucking same. The value of usd has decreased, hence the rise in gold.

[Anonymous No.53098433]

>>53095889
The moment you show me your gold I'm putting one in your head in this apocalyptic scenario, just saying. Oh and I'll be taking the gold.

[Anonymous No.53098496]

>>53095851
>>hey dude can i have some of your food? I'll give you crypto
>>Umm, No.

[Anonymous No.53098507]

>>53098402
>no retort
>starts projecting>
>"the data that indicates that gold is GARBAGE is irrelevant"

[Anonymous No.53099348]

>>53098433
Why would you take it if its so useless?

[Anonymous No.53099511]

>>53095668

hello, american government shill, we THE PEOPLE will not be buying your worthless green toilet paper, thank you and good bye (also KYS)

[Anonymous No.53100299]

Sorry to hear about all of you getting ripped of by precious metals.
I'm willing to buy your bags for $1/ounce of any of that soon-to-be worthless gold and silver that you have.
Act now before it all goes to $0 from asteroid mining.

[Anonymous No.53100326]

>>53098402
LOL fuck i thought there were at least some goldheads on this board who were smart but i was very much mistaken.... you havent even touched on the main arguments for holding gold you are literally just a retard

[Anonymous No.53100349]

shills out in force, buying more silver now.
i wanted some more silver shield ebay picks anyway
thanks for giving me a reason

[Anonymous No.53100432]

>>53095801
this is indeed the only chart that matters in relation to gold. goldheads who look at the value in USD are completely missing the entire point, just like bitcoiners who look at the value on their BTC in usd. a couple fundamental conclusions are missing from their understanding like a 6 piece puzzle with 4 pieces missing but still claiming they can see the entire picture.

gold is one asset. it has specific uses, and performs well under specific conditions: brief periods of economic turmoil which are not catastrophic but neither completely unimportant. that is all. no, gold will not be a safe haven if the entire world goes into chaos, it would be a gimmick. this is a crucial thing to understand to prevent mindless emotional attachment to just a single asset.

if you are crazy about stacking gold and silver and thats all, please consider the opportunity cost you forgo each year. 8% a year in the markets? 10%? this isnt some small figure you should push to the back of your brain, this is the "hidden" cost of holding rocks

[Anonymous No.53100684]

>>53100326
If you can't infer what I was saying in my last post without me having to break it down to you like you're a 3 year old then you're the retard.

[Thehbarantibull No.53100709]

Yes there is a worse investment and it’s called hbar

[Anonymous No.53100738]

>>53097207
Wait do burgers seriously pay tax for just owning shiny rocks?

[Anonymous No.53100767]

>>53095690
Sell all your gold to me

[Anonymous No.53100790]

>>53095668
Then sell it, retard. Your pm dealer is thanking you for sending his kids to private school.

[Anonymous No.53100793]

>>53095668
i made the same mistake in 2012
time is a flat circle

[Anonymous No.53100827]

>>53095668
If you had $1000 in 1950, how much gold could you have bought?
With that same $1000, how much could you have bought yesterday?

[Anonymous No.53100892]

>>53095668
I bought in 2003 - 2004. With the worldwide inflation and WW3 lite in Ukraine gold and silver should be through the roof. Market is rigged.,

[Anonymous No.53100901]

>>53100738
Taxes only when you sell, Fren.

[Anonymous No.53100929]

>>53100827
>If you had $1000 in 1950, how much gold could you have bought?
none

it was illegal to own gold for personal investment between 1933 and 1975

[Anonymous No.53100950]

>>53095668
You don't buy gold to win money you buy gold so that you don't lose money. Dummy. Something funny?

[Anonymous No.53100975]

>>53097207
Buying paper gold is cringe, if you don’t have it in your possession, you don’t own it.

[Anonymous No.53101144]

>>53095668
>>53095690
Kys you kike faggots.

[Anonymous No.53101321]

>>53096543
TopKek. It’s funny because it’s true.

[Anonymous No.53101337]

>>53095690
Not even good b8

[Anonymous No.53101349]

>>53095851
Except that is exactly what happened in zimbawe, venezuela, lebenon and argentina. People traded gold.

[Anonymous No.53101365]

>>53095942
This is a lie...and a bad one. Gold was 350 an ounce im 97 its 1900 now. Fudders need better material.

Golds average return is 7.6% since 1972

[Anonymous No.53101372]

>>53097242
False anon see>>53101365

[Anonymous No.53102123]

I feel like I get dumber everytime someone calls gold a rock. Like their stupidity rubs off on me.

[Anonymous No.53102495]

>>53096227
A house that was 150k in the 90s is worth 1.5m now.

Gold is one of the worst speculative assets in existence because it is so widely held, easily produced and has been stored for centuries. Gold is an absolutely terrible “investment” as it produces nothing. It does not grow, it does not have a yield.

Gold is a dense and highly liquid store of wealth. That is all it ever has been or ever will be. Gold and silver are real money. You can take a few ounces of gold anywhere in the world and trade it for things, maybe you trade it for a bunch of local currency and spend that on things idk.

An ounce of gold today will be an ounce of gold in a hundred years and it will be worth something. Worth more than its equivalent currency had you held it in all of recorded history while costing you nothing inherently to hold it unlike land which you must pay taxes on at least if not also maintain in some way.

[Anonymous No.53102531]

>>53095668
You should REALLY sell it all.
To me.
On discount.

[Anonymous No.53102848]

>>53101365
>>53101372
>I don't understand that the money flow has gone 100x in the last 50 years but gold value only 10x
The absolute state of goldbugs.

[Anonymous No.53103075]

>>53102848
>Gold has done 60x since 1972
>lie and say its only been 10x

Not surprised in the slightest fudder intentionally fails at basic math

[Anonymous No.53103098]

gold is meaningless unless you own literal tons of it

[Anonymous No.53103099]

>>53103075
>retard doesn't understand that I'm using random numbers to make a point
HAHAHAHAHAHA THE GOLDBUG HAHAHAHAHAHHA

[Anonymous No.53103128]

>>53095705
Amazing that cmmg hasn't caught on yet.

[Anonymous No.53103140]

>>53102495
The house valuation appreciation is due to leverage and the cheapness of debt which changing and Japan serves as a potential predictor. Japan still hasnt returned to the levels they had in 1992

https://www.globalpropertyguide.com/Asia/Japan/Home-Price-Trends

Point being investments are going to lool very different in a world where debt isnt cheap.

[Anonymous No.53103147]

>>53103099
>using wrong numbers to make a numbers-based argument is actually the winning strategy!
you are why god weeps at his creation

[Anonymous No.53103148]

>>53103099
>Gets caught in a lie and admits to making shit up

Again, entirely unsurprising. If you have to make shit up to try and prove a point then you simply had no real point to prove

[Anonymous No.53103162]

>>53103147
>>53103148
It doesn't matter if I used toe wrong numbers.
The fact of the matter is that everyone has many times more purchasing power than they did 50 years ago and gold hasn't caught up to that.

If I have 100x more money to blow on gold than 50 years ago, and gold has only gone up 60x it is BY DEFINITION not at the level it should be.
Gold is literal garbage and yuo guys are completely indenial about this fact HAHAHAHAHAHAHAHAHAHAH you literally can't refute this because it is factual data.
Nice "store of value" HAHAHAHAHAHAHAHAHAHA.

[Anonymous No.53103177]

>>53103162
>It doesn't matter if I used toe wrong numbers.

It does matter actually. Doing so begs the question, are you disingenious or just stupid. Both are disqualifiers when it comes to the validity of ones financial oponion

[Anonymous No.53103192]

>>53103177
>It does matter actually.
No it doesn't. Because it's a fact that the money flow of the entire world has gone up beyond the "gold stores wealth" point
Gold is NOT storing wealth for the past half century.
The chart is here and you are coping hard.
>>53095801

Nice shitcoin bro. 50 years of losses wow great store of value.

[Anonymous No.53103209]

>>53103162
You are also either too stupid or too disingenious to compare gold to its actual competitor...a savings account.

[Anonymous No.53103210]

>>53102495
its not highly liquid do you know how much of a pain it is to trade in at shops around your city not to mention the merchant of venice fees every time that you do. Gold will be around in 100 years the same as how lumber, copper, nickel will also be too as just another commodity. unless some new use case gets discovered for gold to pump its value its the same as holding any of those if im being honest

[Anonymous No.53103214]

>>53103177
Never argue with idiots bro.
Just buy his bags for cheap and move on.

[Anonymous No.53103232]

>>53103162
>I made 100x, everything else must keep up or it's worthless!
and I put everything on red at the casino 10 times and won, gambling is the best investment.
i have no stake in this argument, you just sounded particularly retarded so i came here to remind you that you're worthless

>everyone has many times more purchasing power than 50 years ago!
this alone demonstrates my point, no comment needed

>>53103192
>Nominal money supply is the only measure of purchasing power and inflation!
>Look at this un-labeled graph!
it's a shame you get to vote. what person with a life worth living gets this heated on the fucking internet?

[Anonymous No.53103234]

>>53103162
Wow you are retarded.

Typical crypto investor. Not surprising.

[Anonymous No.53103237]

>>53103209
>random and irrelevant saving account nonsense now that you have absolutely no way to refute the point
HAHAHAHAH sorry that you got sucked into buying gold (plus tip aka premium) bro
nice """""""""""""""store of wealth""""""""""""""""""""

[Anonymous No.53103238]

>>53095668
the fuck is /setf/?

[Anonymous No.53103245]

>>53103237
You are a retard and you need to go to bed.

[Anonymous No.53103249]

>>53103238
>/setf/
It is /pol/s version of /pmg/.

[Anonymous No.53103252]

>>53103234
You lost the moment you resorted to insults because you have no retort to what I said.
I accept your concession.

>>53103232
>more random nonsense
>doesn't recognize literally the only gold fraph he should be looking at to know if gold is to be purchased or not
BAAAAHAHAHAHHAHAHA the cope

[Anonymous No.53103259]

>>53103249
what did it stand for?

[Anonymous No.53103265]

>>53103245
>p-please anon leave the goldbug thread you are scaring potential buyers that I need to unload by very dense bags I beg you please

[Anonymous No.53103274]

>>53103259
>Silver ends the Fed(eral reserve).

[Anonymous No.53103280]

>>53103192
Your making shit up to try and not be wrong. Money flow is irrelevant when it comes to money value its simply a measure of economic health and you apparrently dont realize that money flow has cratered since 2008 hence QE to prop up the economy

The proper comparison is gold and cash and the question is "does gold surprass the return of a cash savings account." The answer is yes many times over.

[Anonymous No.53103284]

>>53103252
i don't even have any gold you nigger
people with a good argument don't need to nebulously gesture at an unlabeled graph
put up or shove it up your incontinent ass
i hope your mother dies in her sleep, pity she has to deal with you

[Anonymous No.53103290]

>>53103280
>the entire world having more money is irrelevant to the price of gold
THE
ABSOLUTE
STATE
OF GOLDBUGS

[Anonymous No.53103300]

>>53103284
>nebulously gesture at an unlabeled graph
I literally said what the graph is though. You are a retard.
>t-totally not holding gold bro

[Anonymous No.53103317]

>>53103290
No amount of pretend on your part will change empirical history and reality.

You were wrong, you made shit up, you got called oit for being wrong and making shit up. Just do the honorable thing and get your 6th booster

[Anonymous No.53103323]

>>53103317
>no retort
>w-well you are w-wrong because... you just are okay? *ignores data to feel better about his """""""store of wealth""""""""""

[Anonymous No.53103335]

>>53103300
again, with an IQ over room temperature you could point me to where this occurred.
i just realized that you've been here 13 hours though, holy wtf find something to do with your life that isn't disappointing your parents

[Anonymous No.53103369]

>>53103335
>STILL no refutal
HAHAHAHA
>m-muh you've been here for 13 hours
>>53098507
>01/02/23(Mon)00:03:12
>>53102848
>01/02/23(Mon)08:04:19
Only an autist wouldn't realize that you can post, move on with your life and then come back 8 hours later.
HAHAHAHAHAHAHAHAA

[Anonymous No.53103378]

>>53103369
See >>53100432

[Anonymous No.53103414]

>>53103378
The worst thing is that these turbobrainlets assume I don't have gold because I'm aware of its shortcomings and I'm not afraid of bringing them up to the table instead of constantly stroking my dick at how gold is perfect in every way and 100% flawless.
Jesus this board is truly beyond redemption. Everyone here acts like their bags are the only bags worth having and the only approach is to go all-in on that and nothing else.
Too much tribalism and denial for anyone here to be actually financially literate.

[Anonymous No.53103434]

>>53103414
>screeches like a pearl-clutching nigger on and off all day
>but but tribalism... bad!
gee, i wonder where that all came from

[Anonymous No.53103437]

>>53095668
bitcoin lost 70% last year, so buy btc instead, lol

retard

[Anonymous No.53103446]

>>53103434
>screeches like a pearl-clutching nigger on and off all day
My posts were completely normal at the start until retards like you started screeching. That's usually when I start mocking retards that are clearly not going to bother having an actual discourse.
>>53095801
>>53095942
>yeah bro, your post are totally unreasonable you were totally screeching
Just keep coping.

[Anonymous No.53103447]

>>53095942
Gold doesn’t perform you fucking retard. Gold is just gold. Gold is money, gold is REAL SAVINGS. A gold ounce 5,000 years ago is that same ounce of gold today. Nothing has changed. Valuing gold in terms of dollars is retarded. It was fucking gold that gave value to the dollar.

[Anonymous No.53103455]

>>53103447
>Valuing gold in terms of dollars
Thanks for proving that you have no clue about what I'm talking about because I'm LITERALLY not talking about gold's value in dollars.

[Anonymous No.53103465]

>>53103447
Also gold is STORED ENERGY. That is why it’s so fucking valuable. Comparing gold and bitcoin is retarded. They have nothing to do with each other. Zoomer and millennial professional favors say… muh gold is the next gold. No. The only reason you faggots are buying crypto is because you can’t “make it” anymore BECAUSE we went off a gold standard. If we were still on a gold standard, or rather if all of you were born in 1943 you’d all have 3 kids at least by 1970 with a typical job with a wife raising them and you would have easily “made it” under a gold standard because the dollar had value. If you gave me the option right now where I could have 50 million dollars investing in some dog cum coin in 2023 where everything is fake and gay and local communites are completely fucked where you don’t even see kids outside anymore playing…. Or I could go back in time to 1959 and have a typical po dunk job with a family and a house in a thriving community. I’d take the latter all day everyday.

[Anonymous No.53103481]

>>53103455
There’s no performing retard. Gold is stored energy. It’s money. It’s real savings.

Tell me… what is the PRIMARY function of money… if you can tell me… I’ll send you 500$ in ETH right now.

[Anonymous No.53103485]

>>53103481
>There’s no performing retard.
Man you need to shut the fuck up because of all the people in this thread you are the most clearly uneducated poster so far. Nothing you are saying is making absolutely any sense so just stop.

[Anonymous No.53103491]

>>53103485
Tell me what the primary function of money is. And I’ll send you $500 on ETH. You have 5 mins to respond or the offer is off the table.

[Anonymous No.53103499]

>>53103491
>more random nonsense and alienating requests
I don't bother arguing with someone retarded enough to say that "gold has no performance". Sorry.
It's a given that you lack knowledge.

[Anonymous No.53103503]

>>53103499
What’s the primary function of money you faggot.

[Anonymous No.53103512]

>>53103499
The primary function of money is to MEASURE VALUE. Money is a barometer to measure value. Gold is what measures value best. Not dollars. You can find a passage in the Bible from 2500 years ago that an ounce of gold will buy you 350 loaves of bread. Oh wow… an ounce of gold still buys you roughly 350 loaves of bread right now.

[Anonymous No.53103513]

>>53103503
You are fishing for some gotcha and it's not gonna work Anon.
>Gold has no performance
This is your statement. LOL

[Anonymous No.53103531]

>>53103512
so in other words the purchasing power of gold hasn't moved for 2500 years..... damn nice i will purchase this

[Anonymous No.53103534]

>>53103512
>The primary function of money is to MEASURE VALUE. Money is a barometer to measure value.
You are literally agreeing with me. I literally used the term purchasing power. You are retarded.
Just leave already please you make the other posters here look bad.

[Anonymous No.53103557]

>>53103531
Money is supposed to be stable fuckhead. When the dollar was strong and backed by gold… you didn’t just earn 20$ in a week expecting to be able to buy a house 7 years later like with buying 20$ worth of Bitcoins in 2008. That’s not how money works.

[Anonymous No.53103571]

>>53103557
>unit of account
>store of value
>medium of exchange
>stable.....??

[Anonymous No.53103752]

>>53095668
I'll just leave this video here.

[Anonymous No.53103891]

>>53095668
use it to make some rocking audio jacks

[Anonymous No.53104775]

>>53095668
Should have bought silver, retard. There is too much gold in the world for your purchase to do shit, but silver can be, and is being cornered by the masses as we speak. Do you want to end the Fed? Do you want the kikes to seethe as you dismantle their fiat ponzi scheme? Buy silver.

[Anonymous No.53104778]

>>53095705
its true. since ive been here i actually have a positive networth. it isnt much but its something, and more than i would have if i never came here. everything in balance, biz is a force for good in this world.

[Anonymous No.53104852]

>>53095668
if its such a shitty investment, why are all the central banks buying it up at unprecedented rates?

[Anonymous No.53104875]

>>53095676
silvers gonna outperform it this run though

[Anonymous No.53104886]

>>53095690

It’s like they give the silver fudding to the JIDF B-Squad. The No-hopers in the back who can’t get their numbers high enough. The kind who keep a couple of spare IDF issue diapers in their cubicles.

[Anonymous No.53104895]

>>53098433
you do realize that people like you put a target on your own back right? like anyone that says this shit are at the top of my hit list when SHTF. anyone smart enough to hoard metals is also smart enough to have a lot more firepower than /biz/ spamming crypto cucks.

[Anonymous No.53104962]

>>53101365
>Golds average return is 7.6% since 1972
What was the average return since 2012?

[Anonymous No.53106714]

Gold is artificially suppressed by every single banking institution in the world. Paper gold is a joke.

[Anonymous No.53107697]

>>53104962
.93% and but again you can cherry pick whatever time frame you want. From 2002 to 2012 returned 41% pet year.

The point remains. Gold is a store of value amd over a long ebouh period of time you will be able to liquidate at the same inflation value that bouught in and with a smattering of brains you can liquidate for more.

[Anonymous No.53108052]

Gold and silver are exchanged over a lifetime or longer. You don't buy them in one year and flip them the next. You accumulate ounces over time. You can sell of hard assets into liquidity at the right time for the right reasons. If this doesn't make sense to you then I recommend $lunc on FTX.

[Anonymous No.53108212]

>>53095668
Gold just sort of is. It is really good at just being, sitting there, being. Doesn't give you dividends, but it really is, you know, there. The uninitiated usually are not prepared for the presence, for the sheer being, of gold. They may be overpowered and let the gold be, never disturb it, to their dying day just leaving it be. It was before, is now and shall be afterwards. Doesn't do much though.

[Anonymous No.53110305]

>>53095676
good point
>>53095682
kek

I do love my gold though, much more security than Bitcoin but with way less upside.

[Anonymous No.53110520]

>>53095668
>1PBTID

[Anonymous No.53110530]

>>53110305
>Bitcoin
>upside
LOL you are talking about the same bitcoin that is up like 10,000,000% over 10 years? you think THAT has more upside? LOL

[Anonymous No.53110548]

>>53110530
It makes sense now. Your a bitco8m bag holder whose coping

[Anonymous No.53110566]

>>53110548
what the fuck are you talking about retard? I am saying bitcoin already pumped insanely and has massive DOWNSIDE potential and ZERO upside potential. gold has been stable for some time and will probably just remain stable or increase if the USD collapses

[Anonymous No.53110574]

>>53096265

> implying inflation isn’t at double digits.

It hasn’t outpaced anything all governments cook inflation numbers. Any government globally reporting single digit inflation after the 2020 stimulus is full of shit

[Anonymous No.53110630]

>>53103162
You said gold is not at the level it should be. Which is exactly a case for buying gold. You are incredibly dumb.

[Anonymous No.53110937]

>>53110630
>You said gold is not at the level it should be
Mathematically speaking for it to be called a 'store of wealth'.
>Goldbugs so desperate they resort to purposefully misinterpret clearly laid out context to stay in denial.
HAHAHAHAHA
>yeah bro gold has not done what it is supposed to do for AT LEAST 50+ years but that means it's a great buying opportunity
Yeah, and 40 years ago it was a great opportunity too LMAO

The absolute state of goldbugs.

[Anonymous No.53112175]

>>53110937
Youve already demonstrated you dont understand mathematics MR thinks gold only did a 10x instead of a 60x since 1972.

[Anonymous No.53112500]

>>53095668
>my money
>posts someone else's stack

[Anonymous No.53112554]

>>53112175
>Copes again about the same shit hat has been clarified before
HAhAHHAhhahHAhHAhA
NICE STORE OF VALUE BRO
>>53103237
>>53095801
HAHAHAHAHAHAHAHAHAHAHAHAHAHA

[Anonymous No.53112606]

>>53096543
Will the hell gateway will be good for investing?

[Anonymous No.53112662]

>>53112554
>>53110937
>>53103534
>>53103513
>>53103499
>>53103485
>>53103455
>>53103446
>>53103414
>>53103369
>>53103323
>>53103300
>>53103290
>>53103265
>>53103252
>>53103237
>>53103192
>>53103162
>>53103099
>>53102848
>>53098507
>>53097242
>>53096154
>>53095942
>>53095801

[Anonymous No.53112765]

>>53112662
All those posts trigger the goldbugs
Example: You

[Anonymous No.53112991]

>>53095851
This is how shit worked since money began
Even when empires fell people took gold and silver
When modern countries fell they still take gold and silver
Stop being a retard

[Anonymous No.53113163]

>>53112554
Have you gotten that 6th booster yet?

[Anonymous No.53113365]

>>53095668
>1PBTID
>All of this retardation in one thread
>Picture clearly not of gold anyone from /pmg/ or /setf/ would ever actually hold
>OP is a faggot who holds no gold

There are no threads telling anyone to buy gold yet I've seen dozens of no effort threads shitting on gold. pmg and cmmg stick to themselves and don't shill, why would gold hoarders need biz to pump their bags? The largest purchasers lately are not retail but central banks. Buy gold or don't, I don't care but know that these very inorganic threads reek of a desperation that is difficult to describe. I don't like ICP, I don't make threads about ICP or participate in them because it doesn't matter to me.

[Anonymous No.53113773]

>>53110937
hey rere, yes its not at the level it should be. its undervalued. it will return to mean. stupid ass.

[Anonymous No.53113962]

>>53095668
I’ll buy it for the price you bought it, deal?

[Anonymous No.53114062]

>>53096482
Lmao there are open mines not being mined because it’s not profitable because of the overhead, here; on Earth.
The price would need to be 100k per ounce to even sell the idea of lassoing a asteroid going Mach 20 with a rocket that goes Mach 9, not to mention feasibility.

[Anonymous No.53114065]

>>53095668
Is the point of buying gold not to just have currency free of FIAT fuckery? Like savings that won't crash when the economy does? Why are you buying it to make money, you fucking idiot?

[Anonymous No.53114160]

>>53114062
I'd like to think silver chad has twice as many fingers to hold twice as much silver.

[Anonymous No.53115133]

>>53101349
I am Venezuelan, my family is Venezuelan, I've never heard of this. We use undeclared USD bought at unofficial rates. Stop reading ZeroHedge gringuito, it's not good for you ;)

[Anonymous No.53115187]

>>53103162
Shit cost more back then because they were American made and actually lasted
If manaFAGturers didn't outsource everything overseas Gold would cost the same but would have way higher buying power because inflation would have kept to optimal levels
At the very least $5 would have got you enough food that even the heckinist chonker couldn't eat it all.

[Anonymous No.53115203]

>>53102123

[Anonymous No.53115273]

What is the base value for gold, once you exclude that people want it because of its history as a reliable store of value and former currency.
People would use it solely for jewellery, and it's also an extremely rare and unique metal that's expensive to mine. How much would that alone be worth? I can't figure it out.

[Anonymous No.53115296]

>>53115273
Wouldn't you like to know Federboy?

[Anonymous No.53115601]

>>53113773
>it will return bro, two more centuries trust the plan

>>53113163
>STILL NO RETORT
HAhHAhhHAHHAHHAhhahHAhA

[Anonymous No.53117232]

>>53115601
>27 posts from someone who doesnt own it

i wonder why youre so interested in what others own banker??

[Anonymous No.53117263]

>>53117232
>still no retort
>I literally admitted that I own gold on top of that
HAHHAHA THE CURRENT STATE OF GOLDBUGS HAHAHAHAH

[Anonymous No.53117683]

>>53103752
I don't get it

[Anonymous No.53117776]

>>53117683
Oh I see, it's what 3.5k got you in 1972 vs 2022

[Anonymous No.53117783]

>>53096178
>>53097193
You fellas ain't lying!
I have a kilo bar of silber that I keep in the refrigerator and sometimes I'll rest my sack on it when I coom. IT really is delightful.

[Anonymous No.53118619]

https://youtu.be/KAvY8WKyws8

[Anonymous No.53119094]

>>53112991
That won’t work this time.

[Anonymous No.53119250]

>>53103752
Gold fudders eternally btfo

[Anonymous No.53119275]

>>53119094
>People accepted gokd and silver for 6000 years
>Wont accept it this time just because

Not only is this a bad take but there is already objective proof its wrong. People are accepting gold and silver right now in venezuela and zimbabwe

[Anonymous No.53119342]

>>53119275
Gold is king. Silvers role will be replaced by platinum or palladium.

[Anonymous No.53119471]

>>53095851
Nigger, if you don't think the guy who bought gold wasn't more prepared in every way than the guy who didn't then you're the retarded one.