/biz/ - Business & Finance

>>51104845
Just wear a jumper you stupid cunts. How cold could it possibly get?

You ever go on /pmg/?

You see these kids under 30 buying little stacks of silver coins and bars thinking that one day it will be worth a house or something. It's sad because there is no way a fucking metal will be worth that much again in the modern day.

It's only getting easier to mine gold and silver with new technologies. Not even thinking about the eventuality of asteroid mining.
You might say that you don't need to worry about asteroid mining because you will be dead by the time it is up and running however this doesn't take into account investment firms and businesses that want to store value for 100+ years. If they know that in 100 years the gold supply will be inflated massively by asteroid mining operations why on earth would they buy gold now?

Why would these institutions buy meaningful amounts of gold if they know that in the past gold literally bleed in price for 3 decades? Who in there right mind would invest in something with that track record?