/biz/ - Business & Finance

>>54590442
60% of all the dollars ever created were printed in 2020.

Now get out.

>>54507265
Youre losing value in some way or another, BUT-
Loss from Premium < Loss from Inflation

2nd for I miss SETF threads

>>54156066
You're missing the point of PM investing. We invest in stonks/cyrpto to rapidly generate wealth. We invest in PMs to preserve that wealth.

Pic related. The value of currency will always fluctuate. But 1ozt of gold is always 1ozt of gold.

>>54069192
>throw $100 billion into ukraine for nothing
>spend $2.3 trillion in Afghanistan, no results
>receive 60k toolboxes wrapped in US flags from Vietnam, only result is strategic defeat and poor excuses
Your empire is a joke, you're just dragging out the inevitable.

>>53616953
I hope you mean throw up with excitement. You just acquired a gold rock of crystalized wealth! Let's look at the shit normalfags spend two grand on
>a scalped PS5/ online membership/shit yearly sports games
>dates/gifts for spoiled women
>a boat they'll use 3 times ever during their midlife crisis, then desperately try to get rid of
>"home theatre" setup for shitty netflix movies
>about what it would cost to golf a dozen times
>crypto meme investments
>toys, look at all the literal toys like legos or old video games people were buying with covid stimulus checks they "desperately needed". (me personally I bought an upper middle end AR-15)

A student wants to learn more about PM. What are some subtle red pills I can drop him without going full blown adolf on our first discussion? Graphics are also helpful.

>>49707632
Consider scale and compounding confidence loss. This is trillions lost, two days in a row. If it goes on for a week its over.

>>30127983
>>30126043
>With brevity, decoupling the USD from gold was necessary. However, the reason that the USD had to be decoupled was due to a failure of the United States Federal Government going back decades to the Bretton Woods Conference in which Keynes idea of “Bancor” was rejected. Bancor was to be an international currency basket in which no existing currency would be used for macroeconomic transactions between states – instead of USD, Pound Sterling, or German Mark. Simply, Bancor could be used as a neutral currency. Gold could be converted to Bancor – but, Bancor could not be converted to gold directly. Despite rejection of this concept – Bretton Woods carried on with massive international financial projects. The issue with this is that after the (((Second World War))) ruined the world economically, the United States of America was the only state capable of developing these massive financial projects AND the Federal Reserve was thus the “Lender of Last Resort” not just for the American economy but the entire Capitalist World (keeping in mind that the Cold War divided international markets). Thus, the entire public and private economy of the capitalist world relied upon the federal Reserve – not Bancor – for backing of all transactions. This was known to be an eventual disaster as early as 1940 – but, we went through with it in hubris. Although Gold did back the USD there was not enough gold to back the entire global economy booming after WW2. For that reason the USD had to be decoupled. It was a bizarre combination of post-War boom, fiat, metallism, and international hegemony. I recommend reading more about Bancor, the Gold Standard, and the results of converting to Fiat (Plaza Accord).
Is this correct, agree/disagree?

>>30124619
>Rome's economy was in shambles eventually
>eventually
No fucking shit, a ~1,250 year empire eventually collapsed.

>>30124712
>>30124754
The debasement of coinage automatically results with inflation. Although debasement and inflation are different the debasement of gold coinage must result in inflation because of outstanding existent debt and the increased number of new coins entering the M1 supply.

>>30124903
How can anyone defend inflation - it boggles the ind to be so brainwashed to agree with big government, big business, financial elites, and (((experts))).

>>28215409
The AGE is $50 legal tendies buddy

Does buying any kind of silver other than .999+ fine silver make economic sense, other than when prepping for a currency collapse?

I figure silver dealers will have to refine sterling/junk silver before they can sell it back to industry, and subtract the costs of the refinement from what they pay me, or am I wrong?

>>27757416
Meme stocks? Like SLV/COMEX?

>>27691466
Wait long enough and the value is always gonna rise down the line, so if you feel uneasy about it now, just put it away for a few years and you'll be glad you have it.

>>27686700
>that pic
there you go, the high retail prices are only due to the mints being strained over their capacity to make new coins, not because of an actual shortage of silver raw materials.

Silver is a good hedge against inflation, but when it's at an 8-year high like now, it's usually not a good get-rich-quick scheme.

>>27661598

>>27281221
>We literally can just keep printing money.
No we can't. You people just think this because USA is the only country with the world's reserve currency. America just exports most of it's inflation instead of being punished with price increases for consumers. The prices that do increase are asset prices like stocks and housing which ends up making the rich richer. This is why central bank worshippers are corporate whores.

> The Fed can control the money supply
Literally the only thing it can do is print money. It cannot stop the printing of money. Please learn some austrian economics, you're so fucking clueless it shows.

>>27281330
I don't think it's real. I want to abolish the fed.

>>27087357
>>27087357
"Neoliberalism" is nothing but a leftist strawman argument, pretending policies which were either never implemented or barely implemented somehow magically DOMINATE the global economy.
It's incredible how much these leftists lie about things, meanwhile the real enemy, central banks and governments get away scott free.

>>24079127
>>noooo please, please don't give us more money
The money is going to lose value, idiot.

>>23805510
>cutting social programs and education
These things don't help the poor and middle class, they just keep them in poverty.
Why don't we abolish central banking so people can keep their own money and that money can actually have value?

>>22352952

I've got 10 ounces of gold (bars and coins) and 2kg of silver bars and can only afford 1 more ounce of gold. But should I get a stack of silver maples+stack of silver eagles instead to diversify? I like gold more and have been stacking pretty heavily on gold frens but something tells me I should diversify into silver

>>22009316
To my knowledge you don’t need to show ID unless you are selling to them, even then it probably varies by state. If you pay with cash there is a chance they will “forget” the tax