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/biz/ - Business & Finance


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12982770 No.12982770 [Reply] [Original]

has /biz/ ever invested in gold or silver? I dont mean etfs I mean physical gold or silver

>> No.12982791

Yes, you are retarded if you think youre smarter than millenia of economic law.

>> No.12982801

>>12982791
what did you do with your gold?

>> No.12982818

>>12982801
its in my closet.

>> No.12982855

>>12982818
you dont do anything else with it?

>> No.12983159
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12983159

>>12982770
Yeah if you don’t have a good amount of gold/silver as hedge you wil get rekt. gold/silver always moon in a financial collapse. Just sit on it and keep buying dips, like right now, they’re both super undervalued.
Pic related blue is silver yellow is gold, both of them are at ATLs when compared to fiat the currency supply.

>> No.12983279

>>12982791
Instantaneous global communication network has indeed rendered those millennia of economic theory invalid. Nice try though boomer.

>> No.12983289

>>12982855
You fuckin tarded or what...

You buy it. You keep shiny rock in cave. Shiny rock always good.

If you are buying an ETF for metals you're braindamaged.

>> No.12983294
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12983294

>>12982855
One day I want to get enough to put it all in a chest and pretend I'm a pirate

>> No.12983297

>>12982770
Yes, but it's really more of a novelty than a serious investment. I don't think the economy is going to collapse or anything like that.

>> No.12983319

>>12983159
Gold/silver falls in a recession. They rise slowely in a growing econony and in a depression they rise fast. If the next financial collapse is a recession you wil lose 20% holding gold/silver.

>> No.12983385

>>12983159
What’s the recommended way of buying silver?

>> No.12983400

>>12983385
There are several websites like JMBullion that accept even bitcoin as payment.

>> No.12983405

>>12983289
so whats the point of having gold just to put in your closet

>> No.12983416

>>12983294
see this anon at least has a use for it
granted he's just replacing the closet with a chest but at least he can dress up as a pirate or a jew or something

>> No.12983792

>>12982770
yeah
I hold about 8 ounces of gold, a mess of silver and an oz of platinum just because.
But crypto is much more exciting.