/biz/ - Business & Finance

[Anonymous No.55396481]

Why do thirdies like to buy boomer rocks so much?

[Anonymous No.55396675]

>>55396481
They're too retarded to figure out crypto

[Anonymous No.55396682]

>>55396675
crypto being hard to use is not a positive thing.

[Anonymous No.55396712]

>>55396481
because gold is a form of industrial, artistic and medicinal capital that never degrades
when you live in / run a shithole country your biggest concern is not turning a quick buck on crypto but rather making sure the money you hold doesn't become worthless or lose too much value over a night because that could mean starving to death or your country collapsing
they don't have the excess productivity and safety nets we have in the first world

[Anonymous No.55396723]

>>55396481
cultural thing

[Anonymous No.55396875]

>>55396481

Gold holds in a range against oil and other vital commodities that these nations need to import. It's not as easy to deal with as US treasuries and it doesn't offer the promise of appreciating purchasing power, but now neither do USTs, which have zero comparative advantage.

Why? Because USTs that cannot possibly keep their value in real terms, given how indebted the US is and how badly we need to screw bond holders by inflating their purchasing power away from them. This is on top of the risk that the US just outright repudiates your treasury holdings because you don't love trannies enough or w/e they're in a snit about at the moment.

Nobody else is offering a replacement for the role USTs have served, instead, we are simply going back to the old system with a few modern updates which is a BRICS gold-backed currency redeemable at key exchanges to ease the logistical issues around gold.

[Anonymous No.55396893]

>>55396675
>Why won't other nations buy into my ponzi
>i want that mansion so bad
>Buy my crypto bags poorfags

[Anonymous No.55397126]

>>55396481
>thirdies
There's that weird out-of-place shill buzzword that nobody else uses again.

[Anonymous No.55397160]

>>55397126
Only stupider than op is you reddit with your spamming of shit (((memes)))

[Anonymous No.55397196]

>>55397160
That doesn't even make sense, glownigger.

[Anonymous No.55397391]

>>55396682
Yes it actually is. Currency should not be wielded by people beneath a certain threshold of intelligence.

[Anonymous No.55397407]

>>55397196
Your memes are shit, and spamming them over and over again is more retarded than the ops retarded question

[Anonymous No.55397412]

>>55396481
Because they haven't lived their whole lives inside the echo chamber of heavily financialized 'economies'.

[sage No.55397441]

>>55397407
Can you translate this article for me?

https://www.svt.se/nyheter/inrikes/svensk-myndighet-pa-plats-i-ukraina-bidrar-i-informationskrig-mot-ryssland

[Anonymous No.55397550]

>>55396875
You know what you're talking about. Where do you see the spot price of gold going over the next couple of years? I'm asking specifically for the purpose of speculating on gold mining stocks, mainly large caps and royalties within GDX.

[Anonymous No.55397580]

>>55397441
You mistake me with the retarded sven, that has other motivations. I am just here to shit on your scamming attempts jew, trying to sell worthless bags

[sage No.55397904]

>>55397580
Glownigger.

[Anonymous No.55398246]

>>55397550

I really don't know. It depends what you think will happen. If the US totally loses control and now all currencies have to re-peg to gold or something tangible to compete in the new world order, well... how much gold is really still in Fort Knox? What is the resulting dollar liability to gold ratio? Could we use other commodities to prop it up like natgas? $5000, $10000, $20000, even more? Nobody fuckin knows m8.

The warning I'd give is this will not be a linear process and don't underestimate how desperate the US is to stop this and the lengths they'll go to. Be careful about focusing only on things western governments can easily take from you via windfall taxes or direct seizures. Gold miners are especially vulnerable. With a stroke of a pen they'll just tax them 100% of profits or nationalize them, because after all, they're just digging up worthless shiny rocks and burning carbon for no socially useful purpose. Translated from government that means: 'fuck you for thinking you can escape paying your inflation tax or profit from betting against us'. They know who buys them and they hate those people.

There are all kinds of things which will be harder to seize than gold miners and will also go up with inflation and gold. Miners of other metals, especially 'green' metals, are less vulnerable. Physical gold (or basically any metal) in your possession is a good idea. As are any means of producing your own food, water, or electricity. Here's an alternative investment idea: as an individual you can sink money into cattle futures etfs. USG already wants this to get more expensive anyway because cows aren't green and they want you eating less of them, and they don't have any cow reserves to dump onto the market to try to screw you (like oil and gold).

[Anonymous No.55398259]

>>55398246
The main demand for gold and other metals industrial or pm, came from china. Thr demand that china held up for 2 decades is gone
Go back to the oven jew

[Anonymous No.55398344]

>>55398259

2 separate things. The demand for industrial metals was from their customers. if the global pop does not collapse, industrial metal demand is going nowhere.

The BRICS nations all bought gold with their surpluses, but gold did not go up with this demand owing to the paper markets in the west and the opaqueness of global gold holdings (i.e. US having little and China having a lot), it just held flat against US money supply. Re-monetization breaks the control structure, and what gold does then we will see. If this distorted state of affairs fully unwinds, it goes up a lot vs dollars as the gold flow reverses east to west.

[Anonymous No.55398360]

>>55396481
Because they print their local currencies into oblivion and oligarchs dump it

[Anonymous No.55398365]

>>55396481
Central banks buying gold is a top signal. They also routinely sell at the bottom.

[Anonymous No.55398388]

>>55398344
Unlikely. People don't flee into gold as safe haven from financial uncertainty, they unironically buy dollars

[Anonymous No.55398415]

>>55396675
> Why do thirdies like conventional marriages between men and women so much?
> They're too retarded to figure out LGBTQ+

this is your brain on s o y

[Anonymous No.55398424]

>>55396481
global inflationary environment + gold's reputation to keep up with inflation + world governments' desire to keep wealth in less risky assets

[Anonymous No.55398513]

>>55398388

That's really not relevant to the time scales or situation I'm describing. You're talking to someone currently long 2 year treasuries. We'll have a recession, I'll make some money, then I'll convert to various money printing plays (yes, including gold) once I think they're done with trying to strangle BRICS via the global economy.

Also: this is not happening right this moment, but no, people do not flee to a currency when the uncertainty is about the currency itself. That part comes soon, but not quite yet, and I'm a speculator so I'm gonna surf the kali yuga.

[Anonymous No.55398529]

>>55398513
But the uncertainty is not to currency. Nobody in his right mind expects the dollar to go away anytime soon, neither do you else you wouldn't be in 2y

[Anonymous No.55398720]

>>55398529

It isn't yet but it will be, hence why the US is currently trying to find a way to drag NATO fully into direct conflict with Russia over a shithole country they have no reason to care about, and JPow has been cranking rates and crushing money supply like he wants a global depression.

People in their right mind expect the western exchange system between dollars and gold to reveal that it does not have adequate gold reserves it is willing or able to use to defend the current exchange ratio, followed by a re-adjustment to levels the system can sustain (higher gold price). The trigger for this event is an increase in the rate of conversion of paper gold holdings to physical via this system, in order to deposit physical at a BRICS affiliated exchange in return for gold backed digital currency to be used as savings and international settlements. The system is not set up for this and is highly levered paper vs physical backing, which is fine when nobody is really pulling physical out and any large parties who do can be dissuaded from doing so (i.e. Ghaddafi).

What I'm describing is basically a sudden collapse in perceived available supply of gold relative to currency. The system is stable so long as most participants do not understand what I just told you and believe their paper gold claims are actually redeemable. They won't yet test that belief to its breaking point because holding physical has little other purpose, but BRICS is about to give them one.

I'm long 2y because yields are about to drop hard. I do not have to hold them to maturity and I won't.

[Anonymous No.55398729]

>>55398720
Oh you are a jew from the silver ends the fed psyop. Have fun with your rocks

[Anonymous No.55398806]

>>55398729

It's so obvious you're following a flowchart that has no branch and canned response for anything I just said.

DGAF about silver. Not a good play right this instant, but might be good to have a little. Solar is kind of a meme, and I doubt anyone will try to back their currency with it... but you never know. As I already said: a portfolio of metals and currency hedges is wisest for the coming sideshow.

Anyways I've said enough itt. Time for exercise and vidya on this lovely Sunday. Have fun.

[Anonymous No.55398822]

>>55398806
No you are just a deceiving jew who for some wild reason exoects that the comex is going to reveal the conspiracy about missing phyical gold. That's the same psyop the silver ends the fed jews run with. Your words are worthless anyway. May you break your neck during training

[Anonymous No.55398871]

S T O R E O F V A L U E

[Anonymous No.55398961]

>>55398822
You are a either returded crypto fag or a glowi AI.

[Anonymous No.55399530]

>>55398806
Thanks for your thoughts anon. Hope to come across your posts again.

[Anonymous No.55400265]

>>55398720
That’s a lot of words signifying nothing.
The dollar is the reserve currency. There is no need to ‘defend the current exchange ratio’.
The BRICS are absolutely irrelevant. If they tie their currencies to being ‘gold backed’ they will be drained of their reserves. Do you want gold or worthless Rupees?
Ghaddafi was killed because he was messing with the petrodollar.
You have no idea what you are talking about. Lurk more and touch grass.
Pskt0k

[Anonymous No.55400710]

>>55396481
>gold pegged to a fiat currency: the dollar
>most shit hole nations always inflate vs the dollar
>buy gold so it stays relatively static
>let your local currency go full bolivar