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/biz/ - Business & Finance

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13217681 No.13217681 [Reply] [Original]

>"us dollars are fake money only gold is real money!"
>*sells you gold in exchange for us dollars*

it amazes me that people fall for such an obvious scam

>> No.13217696

Do you think he's selling you his personal gold stash?

>> No.13217712

>>13217681
>Have 1.7b Apple stocks
>Apple stock loses $1 worth of value
>Lose $1.7b

You diversify your portfolio to protect against memes of random chance.

>> No.13217713

>>13217681
How else am I gonna buy it? With crypto? Oh wait.

>> No.13217719
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13217719

>>13217681
Thanks for reminding me that there are actual retards out there.

>> No.13217769
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13217769

>a company has millions of dollars and probably several types of precious metals and other commodities
>gives you some of its gold for more money than it's worth right now
>uses its larger cash supply to make more purchases across a variety of markets so that its stakeholders profit and gain more comfort in their lives right now

>you have thousands of dollars and some tools and other household and personal property
>you give this company a few hundred dollars leftover from your paycheck to buy gold
>in the event of some horrific economic or societal collapse, you will have a more stable trading medium
>your life will be comfortable in the future if this event occurs
>in the meantime, you have a greater peace of mind

Seems like both parties win. How is it a scam?

>> No.13217796

what is diversification

>> No.13217831

>>13217796
Muiltiple sources of income, investments, and security for your money

>> No.13217843

>>13217712
if someone had 1.7 billion AAPL shares they'd have 331 billion dollars. I doubt they'd give a fuck about losing .005% of their money

>> No.13217865

>>13217843
>Being this obtuse

I don't even want to explain it.

>> No.13217920

>>13217865
a .005% loss is miniscule. That's like if a 14 year old kid with $331 in his bank account bought 1 kit kat.

>> No.13217945

>>13217920
I think the poster you're replying to is commenting more on the liquidity issue. How will you mobilize those 1.7 billion shares to make a large purchase?

>> No.13218054

>>13217945
idk but I doubt anyone's gonna be buying something for the same cost as the GDP of the philippines

>> No.13218087

>>13217681
>"us dollars are fake money only gold is real money!"
>*sells you gold in exchange for us dollars*
What the fuck. How have I never seen it put like that before. Anon you genius.

>> No.13218096

>>13217920
Bro how cheap are the kitkats in your town

>> No.13218140

>>13217681
Well it wouldn't make much sense if he said "Purchase this oz of gold from me for 1.1oz of gold sir."

For all you know he's taking his profit and buying more gold with part of it.

>> No.13218232

>>13218096
like $1.70

>> No.13218325

>>13217920
>>13218232

that's .5%

>> No.13218536

>>13218325
jesus fuck I'm retarded holy shit