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/biz/ - Business & Finance

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56382216 No.56382216 [Reply] [Original]

I just learned that metalfags need to pay 20% over spot for their physical shiny rocks. Rockfags need a 20% pump just to break even without accounting for inflation. Silver and gold are the fucking ultimate midwit trap.

>> No.56382224

>>56382216
precious metals are great because you pay a premium to buy then to sell. Then in the middle you wait a decade to break even

>> No.56382229

>>56382216
Miners are even worse. Even when gold finally pumps miners find a way to squander all the should be profit and end up diluting their shares to raise money anyway

>> No.56382331

>>56382216
You're wrong but I'm not going to tell you why. Stay poor op.

>> No.56382413

>>56382216
Metal is for when you cash out on the top and want to park it but don't want bonds. Its a place to park massive gains when things stagnate. Rocks are for richfags.

>> No.56384092
File: 445 KB, 1096x1461, 20210422_063856.jpg [View same] [iqdb] [saucenao] [google]
56384092

>>56382216
This is why the uber-insiders in the world's central banks are stacking gold at record levels. Nothing to see here, folks. Just keep borrowing dollars and buying paper promises and electronic digits. I will need a bunch of you to mow my lawn and clean my pool while I bang you sister.

>> No.56384107

>>56382216
>>56382224
>dumb zoomer cant grasp what a hedge against inflation means
Gold is not an investment you cretins, you dont buy gold to sell it next day, only way to profit from gold is mine it yourself of buy dirt cheap as a pawn shop.

>> No.56384155

>>56384107
Or wait until the usd crashes, which won't be too much longer.

>> No.56384167

>>56382216
It's true.
>t. got 75 silver ounces underwater over an year now

>> No.56384179
File: 133 KB, 588x590, 1696950368361691.png [View same] [iqdb] [saucenao] [google]
56384179

>>56382331
>those guys over on /biz/ have made fun of my dumb investments for the last time
>that's it, I'm posting schizo babble in their threads

>> No.56384227

>>56382216
In Britain we can buy gold from the mint at spot price tax free. Get fucked yanks.

>> No.56384249
File: 565 KB, 1000x875, 17xa-COTY.jpg [View same] [iqdb] [saucenao] [google]
56384249

>>56384227
But it has King Charles' hideous, melting pedophile face on it. While OUR bullion has beautiful diversity!

>> No.56384275

>>56382216
You forgot
>pay 20% over spot
>need to get it from specific mints otherwise the boomer at the local rock store won't buy it because he doesn't trust it's real
>the boomer will low ball you anyway

>> No.56384304

>>56382216
I just learned the USD has been inflated to like half the value it had two years ago. That’s a 50% loss hahaha

>> No.56384320

Ask a Venezuelan if they’d rather have an ounce of gold or 2 billion venezualan bux right now.

>> No.56386384

>granda left me 500 ounces of gold
>you got 10,000 dollars

stay mad

>> No.56386460

>>56384092
Retard alert, central banks arent buying shiny coins like u and getting fleeced premiums, you are literally holding your bags in ur pic

>> No.56386477

This thread sums up the main userbase of /biz/
>too poor to even scrabble $500 together for a half-eagle or swiss miss
>too unemployable to get a job to make money, every investment has to be a do-or-die moonshot
>attention span destroyed by porn, tiktok, and doomscrolling the catalog
It's ok though I like making and saving money when others aren't

>> No.56386484

>>56382216
bullion dealers have been fleecing those retards for ages

>> No.56386492

>>56384320
they would rather have usd
>>56384304
>50% loss
retard

>> No.56386627

>>56386460
You are evading the point (because you must), which is that the real insiders know gold is going to be remonetized when the USD fails. They are not stacking gold to make earrings. Premiums will be insignificant. Gold and silver both are available at bargain prices that will soon be gone, never to be seen again.

>> No.56388800

>>56382216
I literally bought about $10k worth of gold/silver in 2018/2019/early 2020 at every low. Near perfect execution. And if I sold it today, I might, *might* make 10-15%.

>> No.56388847
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56388847

>>56388800
>>56386484
I miss the 2000s era fleecing the most. Any millennial that grew up watching this shit knew gold was a dog shit "asset".

>> No.56390894

>>56382216
Its actually significantly worse than that cause they have to sell for 20% under spot as well

>> No.56390906

>>56382216
Old world stuff always sucks, just buy bitcoin and realize it’s the supreme asset.

>> No.56390920

>>56382216
You can buy PAX Gold for basically no fee though in crypto.

>> No.56390929
File: 521 KB, 1774x1482, SW-10-17-23-3.png [View same] [iqdb] [saucenao] [google]
56390929

>>56382216
Submitted for your disapproval.

>> No.56392625

>>56382216
Damn, no wonder you zoomers are so poor, kek.