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/biz/ - Business & Finance

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8794998 No.8794998 [Reply] [Original]

>there are people who unironically believe gold is a good investment.

>> No.8795039

>>8794998
I mean my dad bought a ton of gold in the 1990s that he sold most of in 2010-2011. Pretty much 20-30xd his money. Good hedge, especially for people in countries with inflated currencies.

>> No.8795044

in terms of simplicity and reliability, it's the best preservation of wealth

>> No.8795062

> OP probably thought Ripple at @3 dollars was a good investment.

>> No.8795075

its really just a true store of value and not an 'investment'. 300 years ago an ounce of gold would buy a man a nice suit, same can be said today

>> No.8795081

>>8794998
It is the safest and non scam way to make money faggot and you don't have government chasing to slit your throat when you invest in it

>> No.8795082

not only what people described above, it is also used in electronics due to its physical properties like conductivity. so there’s that

>> No.8795134

>>8795039
Last 20 years the price of gold x4. Not x30 you fucking lying piece of shit.

If you bought a Coke stock you would be up x7.5

>> No.8795154

>>8795081
>you don't have government chasing to slit your throat when you invest in it

Nixon took your gold, you idiot.

>> No.8796170

>>8794998
One advantage gold has over cryptocurrencies is that it doesn't require a network and computers to work.
If civilization collapsed or WWIII happened and the world was set back to 1800s type infrastructure (I don't think it would be possible to end up preindustrial), gold would still have value, but Bitcoin and the like would not.

>> No.8796217

>>8796170

How could you know the actual price of gold in that situation? How would you store and transport your gold?

>> No.8796231

>>8796217
Store it in a safe. Transport it by car or train or wagon.

>> No.8796240

>>8796217
Also, I don't know the exact price, but since it would still be a relatively scarce metal, and still exist, it's reasonable to speculate that it would still be a viable store of value.

>> No.8796278

>>8795134
price of gold did a little more than x4. it was just under $300/oz at its low in the early 2000s and just under $2,000 at its peak in 2011.

but definitely most stocks would have been more profitable to be in from 2001-2012 (or especially until now), even with the correction in 2008.

>> No.8796353

>>8794998
it's great insurance though.

There are a lot of retards on /biz/ who call Bitcoin "digital gold"; actual gold has been a store of value for thousands of years, and will continue to be so even after the inevitable fall of civilization.

>> No.8796380

>>8796217
In that situation, the "price" of stuff would probably be in gold.