/biz/ - Business & Finance

[Anonymous No.54833037]

I'm 24 and I have about $15,000 dollars saved up.
Would it be a good idea to buy gold bullion?

[Anonymous No.54833055]

>>54833037
Yes absolutely buy as much gold as you can the world is ending I’m peepee poopooing my pants and literally shaking and peeing right now

[Anonymous No.54833137]

>>54833037
no

[Anonymous No.54833153]

no

[Anonymous No.54833158]

>>54833037
No.

[Anonymous No.54833189]

>>54833037
Maybe like one ounce to backstop the rest in investme ts if you just really want some

[Anonymous No.54833191]

>>54833037
Yes, you should buy at least an oz.

[Anonymous No.54833197]

>>54833037
You are mentally retarded if you fall for the precious metals meme. If you're lucky at most you won't lose money when you finally decide to sell. $15k is nothing btw. What you do with that money very much depends on where you live.

[Anonymous No.54833209]

>>54833189
>>54833191
To be honest I don't really care about the financial implications, I just want to have gold

>>54833197
Goyim

[Anonymous No.54833236]

>>54833209
Oh in that case absolutely. Worst case scenario it holds its purchasing power, you can sell it very easily.

[Anonymous No.54833240]

>>54833037
5k in silver the rest in gold

[Anonymous No.54833247]

>>54833037
Jews have moved heaven and earth to stop the resurgence of silver and gold. You some kind of yid glowie?

[Anonymous No.54833250]

>>54833197
At least he won't lose 100% of it in shitcoins like everyone else on this board.

[Anonymous No.54833255]

>>54833037
Buy miners if you want to make money.

[Anonymous No.54833256]

>>54833250
TRUE HAHAHAHAHAHAHAHA

[Anonymous No.54833257]

>>54833037
Buy some gold and silver as a security. You never know what kikes might do or not do.
What ever happens you will always have some money.

[Anonymous No.54833293]

>>54833037
Gold is preservation of wealth, not really investment.
If you like the stuff I'd get a kilo of silver and an ounce of gold for fun and in case something fun happens. (silver-squeeze, gold-backed currency etc.) But invest most in something with more potential.

>>54833209
>To be honest I don't really care about the financial implications, I just want to have gold
In that case get a mix of nice coins made of 22k (slight copper content making them more robust) to play with.
https://www.youtube.com/watch?v=zEK2Ab4wxbo
Centenario (more than an OZ), Kruger (OZ), 100 Kronen (Slightly less than OZ), and smaller Vreneli, Sovereign, the half oz 100 Pesos from Chile is also a nice coin.

If you want something 100% gold the Canadian maple look nice.

[Anonymous No.54833374]

>>54833037
anon i have 32oz of gold and even i would tell you that's a bad idea. only buy gold with money you can afford to lose (also know as 'only invest with money you can afford to lose').

[Anonymous No.54833406]

>>54833037
Invest in high yield dividend ETFs anon and compound your wealth slowly. I've got about 225,000 CAD but I started where you are and slowly grew my wealth.

>>54831000

>>54831000

[Anonymous No.54833426]

>>54833293
Very nice advice thank you anon.

[Anonymous No.54833432]

>>54833293
Like this anon said, gold preserves wealth, it's not an investment. It can't generate you more money.

Now if you really want something that can pump i would suggest either $PEEPO or testing your luck in some other pumped shitcoins that this board can offer. This is all the alpha i can give since most bluechips take long to pump and LINK and XMR have shills all around the board. Just gonna leave this here and tell you to wait two to three days checking the charts to see that i was right. 0x251ce6231c8f892d41c0472121959c8ba577a415

This is financial advice.

[Anonymous No.54833436]

>>54833209
>To be honest I don't really care about the financial implications, I just want to have gold
For amounts to want to have for fun good measurements are per capita gold reserves.
e.g. if you want to have the same as Switzerland has per citizen it's roughly 4 oz, for the US it's about an oz.

[Anonymous No.54833449]

>>54833293
Chad maple enjoyer

[Anonymous No.54833465]

>>54833449
If you decide to lose a lot of money on premiums up front the silver maple is also the best silver bullion coin.

[Anonymous No.54833475]

>>54833432
My gut is telling me memecoins are a big mistake.

[Anonymous No.54833515]

>>54833475
What you aren't interested in buying casino tokens built on unregistered securities finally facing regulatory scrutiny in an atmosphere of financial cataclysm?

[Anonymous No.54833697]

>>54833475
That's because they are. Anyone who stakes their core savings into crypto are retards, simple as. If you're gonna gamble, do it with money you can afford to lose.

[Anonymous No.54833871]

>>54833037
If you are fearful of the future. Gold is your insurance

If you are greedy and want to kick the banks in their teeth. Buy Silver for profits.

Play the Ratios
at 80:1 currently

[Anonymous No.54834112]

>>54833465
The new background design looks very nice, the britania are also interesting but a little too busy.
For a more classical looking coin the silver Kruger is also great, for me it shares the top spot with the maple. Maple to look at, Kruger to play with.

[Anonymous No.54834127]

>>54833037
Stop larping you fucking loser you dont have 15k

[Anonymous No.54834154]

>>54834127
>a 24 year old can't have 15k
Lol

[Anonymous No.54834220]

>>54834127
>thinking 15k is a huge amount of money
Hahaha

[Anonymous No.54834351]

>>54833037
not really, you dont have enough money. unless hyperinflation starts tomorrow and gold is the primary benefactor of it what will most likely happen is that you will end up needing that money before the price has moved much and you will lose 10% or more round tripping it because of the commissions and premiums. Maybe buy an ounce at most and some mercury dimes instead

[Anonymous No.54836671]

>>54833037
Just farm that money my Jewish fren

[Anonymous No.54836709]

>>54833037
>Would it be a good idea to buy gold bullion?
if you don't want to make gains. then yes

[Anonymous No.54836750]

>>54833037
yeah I'd buy gold if I were you, that or put it in something where you can get some interest and keep saving and compound that.

[Anonymous No.54837288]

>>54833037
Don't do that, you'll get fucked up. If I'm you, I'm staking to make a passive income and also multiply my money on the next real bull. I'm just saying.

[Anonymous No.54837327]

>>54833037
Gold is to protect wealth not generate wealth, so no. I wouldn’t even consider gold until I was at 8 figs

[Anonymous No.54838219]

>>54833037
gold/silver stacker here.
Not really.
15k is nothing.
Gold/Silver is not really an investment where you expect an ROI, it is a hedge against the dollar inflation.

With gold/silver you'll lose about 2% of your wealth vis-a-vis the global capital markets.
Leaving it in dollars on a bank account you'll lose approx. 7%.
This is true for the past 50 years roughly.
Say the global assets are 150 Trillion (stocks, gold, real estate, bonds, crypto, etc) (it isn't btw, but lets say it is.
Your 15k represents 1 10 billionth of it. or 100 parts per trillion.
If you'd keep it in dollars, your $15000 will probably be worth 93 parts per trillion of the global asset base because it will inflate with 7%.
If you keep it in gold, your 7.5 ounces of gold will represent 98 parts per trillion of the global asset base, because gold will hold it's segment of the market and the gold supply will only inflate with 2%.

Off course there are temporary bulls and bears, but gold is not all that crazy volatile.
It's a good way to preserve your savings, not to grow them.

However, you're still dealing with 100 trillionth of global assets here.
Thats nothing, seek out a little more risk/reward and as you work and accumulate or your risk/reward investing pays off and you start having a couple 100k of assets, only then start thinking of preserving it by owning a nice amount of gold.

One asset that has a higher risk reward than gold and is straight up your alley is silver, another is crypto.

[Anonymous No.54838238]

>>54836671
how the hell that works? need to know

[Anonymous No.54838259]

>>54836671
I spent 3k USD to creampie a MILF after flipping 50k with safemoon. Building a diversified portfolio now with Altcoinistdao reviews, shouldn't be long to be worth a few more thousands

[Anonymous No.54838283]

>>54833436
>Norway is worse than most eastern euro shitholes
Det er over....

[Anonymous No.54838286]

>>54833037
AVAX is the safest option to get easy money right now anon. Go fot it

[Anonymous No.54838398]

>>54836750
Interest is a lie. The yield is you.

[Anonymous No.54838444]

>>54838219
The main asset that would up his ally is bitcoin, not crypto.

[Anonymous No.54838463]

>>54833374
Hahahaha! Just the opposite - only buy gold with money you CAN'T afford to lose. Everything else has counterparty risk.

[Anonymous No.54838495]

>>54838463
Jews have convinced folks that giving them all of the money in exchange for "interest" was a good deal

[Anonymous No.54838548]

>>54838283
England stole our gold in ww2. But we still suck thier cock like little faggots.

[Anonymous No.54838712]

>>54833037
TLDR: yes put a little bit of cash into gold. It's a fun thing to have.
I'm about your age with the same amount of money as you and have 12k in the bank but 3.5k in gold. (overall networth is 22k) I plan on getting a quarter ounce soon as well. But mainly I just view it as cash that I would probably never spend anyways since I don't really consoom anything.
You should have money in growing assets too tho. I put 1/3 of my paycheck into VTI inside of a brokerage account and plan to get a ROTH IRA too for the tax advantages. But us zoomers probably won't live long enough to withdraw from one due to rising colon cancer rates in young people.
I also plan on using that money for maybe a down payment on a rental property or something similar in the future, so not all of it is in gold.

[Anonymous No.54838954]

Also for anyone looking to buy gold just remember:
Gold will never moon. It's a slow moving asset. It will only ever keep up with inflation providing the American fiat status quo remains, which despite the doom and gloom it probably will. This is why it's a good idea to invest in shit that will make you money too.
Gold won't make you any extra money because it is money. Basically

[Anonymous No.54839433]

short bitcoin retard

[Anonymous No.54840115]

>>54833197
oy vey we know you're seething kike, that you can't inflate money freely because everytime you do, goldchads get more wealthy

[Anonymous No.54840153]

>>54834154
>>54834220
/biz/ should have flags so we can see just how overrun this board really is with poorfag 3rd worlders, it's gotta be at least 50% by this point

[Anonymous No.54840164]

>>54833037
impossible to say without knowing your situation
what is your monthly income?
what are your monthly expenses?
do you have an emergency fund?
what other investments do you have?

[Anonymous No.54840747]

>>54833037
I'd rather spend my life savings on Nezuko Inu than on something literally called "Gold" those titles only worked when there were old consoles, now it's just a red flag with legs for scammers

[Anonymous No.54840768]

>>54833037
buy some if you liked it. Don't expect to make money though. It's the vanilla ice cream of investments. So many better things out there.

[Anonymous No.54841894]

>>54839433
Kek, I'm sure you got liquidated. I knew we were closing in on 29k from the TA grade on tokenmetrics so I waited for a buy entry instead.

[Anonymous No.54841916]

>>54837288
I didn't know avax had a thing for waifus anon.

[Anonymous No.54843659]

>>54841916
You don't?

[Anonymous No.54843751]

>Would it he a good idea to buy gold bullion?
>To be honest I don't really care about the financial implications, I just want to have gold
I think you already have your answer OP.

[Anonymous No.54844578]

>>54833475
Yeah they are newfag. I'm building my portfolio with metaverse crypto like Egld, Ride and Crt which have shown potential for future gains.

[Anonymous No.54845520]

>>54833037
you can indirectly invest in various businesses like mining and infrastructure, real estate, health and hospitality, through crypto projects like mnicorp. that's where the world is at now, tokenization of RWA.

[Anonymous No.54845573]

>>54833037
Keep saving. Buy a house and rent out the other rooms.
Boring but works.

[Anonymous No.54845772]

>>54833209
>>54833037
20 franc coins are about 1/4 oz of gold and are just fancy enough to impress women

[Anonymous No.54846418]

>>54833037
put it into a 4% or 4.5% savings account
4.5% of 15k = 675 a month with no risk or work

[Anonymous No.54846476]

>>54846418
Where in the fuck do you have a savings account paying 4.5% monthly?

[Anonymous No.54846500]

>>54846418

You have to be 18 to post on 4chan kid

[Anonymous No.54846518]

>>54833037
Gold might go up in value if the banks get worse but it is a gamble. If you do I would only buy 2 oz and put the other money in other things. I wouldn't buy it unless you were willing to keep it for several years and willing to sell as soon as it's up.
I would definitely put the rest of it in a Roth IRA over the next two years.

[Anonymous No.54846537]

>>54846418
99% of savings account dividends are accrued quarterly so 675 every 3 months. but no savings account anywhere is paying 4.5% so it doesn’t matter anyway

[Anonymous No.54846554]

>>54846418
> savings account
> interest rate less than inflation
Literally just burn your money instead.

[Anonymous No.54846556]

>>54846537
Most shitcoin yield farms aren't even this high this is retarded

[Anonymous No.54846584]

>>54833037
No, only put around 10% of your wealth into gold bullion, and only do this if you have a net worth exceeding $100k.

[Anonymous No.54846592]

>>54846476
>>54846500
>>54846537
>they don't know
even apple and credit karma savings accs pay 4% a month. how can you not know this?
>>54846554
99% of people here don't make 675 a month gambling in stocks or crypto

[Anonymous No.54846607]

>>54834127
i'm 22 and i have over 40k across my accounts...

[Anonymous No.54846612]

>>54833037
Put it into radiant capital and earn interest.

[Anonymous No.54846646]

>>54838954
the normalcy bias is strong. i would rather bet against my enemies.

[Anonymous No.54846717]

>>54833475
this is a shocking revelation. I am absolutely appalled at the idea that someone thinks something called PEEPOCOIN is a negative EV investment.... shocked I tell you

[Anonymous No.54846734]

>>54846592
eeeh, its 4.15% APY not monthly on apple

[Anonymous No.54846881]

>>54846717
Memes are highly volatile assets. Fucking not buying unless I have an insider news, made a chunk of profits off PPIZZA and pepe for early entry levels, was lucky to bag kas early through altcoinistdao early calls. Fucking anticipating a 10x from lambo

[Anonymous No.54847077]

>>54846592
>>54846734
if it’s 4.15% apy compounded monthly, you’re getting the $675 a year lmao

[Anonymous No.54847217]

>>54833209
based

[Anonymous No.54849624]

>>54833436
i thought germany had all their physical gold confiscated by the US? they """own""" it on paper, but its not actually physically located in germany, right?

[Anonymous No.54850143]

>>54849624
Yes, it's only theoretical possession of gold located in the US with the same pile possibly being inspected as their gold by several countries.
From a possible gold-backed currency perspective it makes little difference, the interesting part of recent years is that countries, both western-block and BRICS seem to be adjusting gold reserves getting closer to a point where a backed currency could work.

[Anonymous No.54851274]

>>54833037
If you already have a good income, get 1oz gold, 200oz silver as a backstop in case of total market collapse
Put the rest in an IRA, index funds, or BTC, or some combination of these. Keep an eye on the market, when BTC dips buy more of that, when stock market dips buy more of that, else put it into IRA

If you don't have good income, you need to invest your time and money into something that will improve that. You should be able to save 1-2k each month with a decent income.

[Anonymous No.54851288]

>>54833037
Buy 1oz and say, 30oz of silver. Then use the rest for risky business