/biz/ - Business & Finance

>>13491442
bitcoin is a tangible asset

>>13491442
i have been told by /biz that it's price is manipulated. how? no idea!

>>13491463
Idk fren I just want a long term insurance policy when the next recession hits. I remember my parents being out of work for the longest time and struggled with money by not investing it right prior to the 2008 Transfer of Wealth.

>>13491492
gold will drop at first once people need cash to pay for liabilities

>>13491527
explain to this brainlet that process pls

Precious metals are for retarded incel conspiracy theorists. If you think society is going to fail, then fuck off right now. If you want to make money, invest in etfs and set aside a percentage for gambling on stocks and shitcoins. No one is ever going to barter for your golden eagle coin you fags

>>13491539
once the recession hits, people wont be able to pay their debt (no job, less work, w/e), so they sell anything (stock, gold, etc), on the other side central banks are going to print shittons of money (as they always did in every recession, check ray dalio - navigating through big debt crisis), this will cause a run on gold (so the big buy in is a bit delayed)

>>13491442
>dropgold.com
#dropgold

i almost feel sorry for you boomers, can't you see it's going downhill? gold standard > non-gold standard > you are here.

>>13491557
Regardless if it's an incel driven conspiracy, the currency is totally fiat backed by nothing more than blind trust of the US gubberment. Do you trust the US gubberment, Anon?

>>13491539

Don't worry, it's not that complicated

>the world runs on debt, called derivatives
>these derivatives are basically corporate bonds, as in you buy these and you get a % in return
>this is done so that others can loan out money, earn a big chunk of interest and sell you the risk while giving you a smaller % while they keep the difference

So you can imagine that when people stop paying their interest or their loan altogether, this system collapses at the speed of grizzly food poisoning diarrhea. What this means is that RISK goes up, which means the interest given out on investments goes down and the interest on loans goes up. People with variable rate mortgages will not be able to pay for their houses.

This is where things get interesting
>debt collapses left and right
>everyone and their mothers start cashing out everything everywhere
>there isn't enough money to cover that in the slightest, it's all debt
>investment collapses because nobody has any goddamn money
>offered interest goes through the roof, businesses go down like hillary on 9/11

In other words, everything becomes vastly more expensive (purchasing power, not dollars) but since the money supply is decimated, nobody has any dollars to pay for things so the relative price of dollars to useless stuff like houses and cars goes skyhigh. So 200 USD can buy you either a 20kg bag of rice or a previously 10k 2nd hand vehicle, because what the fuck is the point of luxury goods when you're starving.

So what happens then? The price discovery mechanism kicks in. The value of things is measured in a currency. Those who hold said currency dictate the price of things. That's why you want to hold metals and crypto. Without these, people will be reduced to inefficient bartering. At least until a new monetary system arises, which likely will happen.

>>13491783
So, do those who own metals and crypto become like mini-banks/bankers? Where would exchange it if the currency is all garbage?
>t.I'm scared, anon

>>13491770
It's not so much trust of the government as it is trust in the government's taxing authority on the economy.

>>13491823

>do those who own metals and crypto become like mini-banks/bankers?

Yep

>Where would exchange it if the currency is all garbage?

Metals and crypto would BE the currencies. The point of PoW cryptos like bitcoin/litecoin/monero/dash is that you're your own bank. What does a bank do really? It confirms you have a certain amount of money in your account and transfers it to another account. It prevents fraud and ensures nobody can say they have more money than they do. Crypto is just automated banking where you are in control and don't pay some overpaid retard to say "I think you stole this, I'm calling the tax man".

>>13491770
1990's they were like oh shit we gotta calm this down
mfw 2000 they sped back up again

>everythingisfine.jpg

>>13491557

Why in the world would you invest in something that's only propped up by central banks printing money and buying it? That's as far removed from any real economy as it gets. It's like the guy who plays the bank in monopoly constantly giving 1 player free money under the table. Eventually everyone gets sick of his shit and just stops playing.

>>13491770

Listen to this man, he knows what he's talking about. That chart depicts the money in circulation today. There's usually an 18 month delay before inflation hits because it takes a while for money to flow into the economy.

>>13491885
Central banks don't buy stocks kiddo. What they actually do is make borrowing money cheaper which incentivizes investing.

>>13491908
>That chart depicts the money in circulation today
Nigga no it doesn't.

>>13491770
>do you trust the most powerful state in the world to create a universal equivalent for exchange?
unironically yes

But what are the Russians up to?
>www.bloomberg.com/news/articles/2019-03-29/russia-is-stocking-up-on-gold-as-putin-ditches-u-s-dollars
>>13491864
Can student loan defaults cause the next recession? What're your bets?

>>13491623
So, if everything is debt fueled, what is the real value of anything? You can't be thrown in jail for not paying debts, but is debt needed at all and what do you do if you have no debt to build credit but have fat stacks of metals? What do?

>>13492074
watch this first, then ask again
https://www.youtube.com/watch?v=PHe0bXAIuk0

>>13491783
This is a great post. ilu econfriend

>>13491823
>>13491864
>do those who own metals and crypto become like mini-banks/bankers?
>Yep

Wouldn't this be functioning off the assumption that the US Dollar is phased out and replaced for metals/crypto by the mass majority?

That didn't exactly happen with Gold in 2008 or the previous crises, as we still transact with USD today. That's a big bet with the odds stacked against.

>>13492323
>"gold is money, everything else is debt"

GUYS

>>13491557
Fucking kike

>>13491557
cringe crypto incel

>>13492654

>>13491912

Tell that to the central bank of Japan, they own 52% of all Japanese stocks.

>>13492803
THE FUCK
GET OFF ME

>>13491442

>>13491912

Tell that to the central bank of Japan, they own 52% of all Japanese stocks.

>>13492039

People are defaulting on their student loans right now. If you ask me, we're already in a recession. Why else would the Fed cancel the rate hikes and prepare for another round of quantative easing? Market's saturated, diminishing returns confirmed. Houses everywhere above what people can afford even if they go into indentured servitude for decades.

>>13492323

Not really. China is abandoning the USD, so are Russia and other major trading nations. Can't invade 'em all.

>>13492858
europe takes russia, usa takes china, that's the plan all along, or why is the usa so keen on the 2% goal latelty?

>>13491442
Pros
>Cheap as shit right now in a time when most markets are hitting ATHs every day.
>You can buy one ounce rounds one at a time from a local coinshop if you're the poorest of the poorfags. There's no minimum investment here.
>Good spot to park loose money after other investments, especially if you can't help spending extra money on shit.
>Still liquid enough that you can flip it in a few days if you need to.
>Affluent conservatives occasionally will accept PMs in baters for other shit. You could buy guns or cars or potentially even real estate if you live in a red state and meet the right people. Silver was as widely accepted as USD at the gunshow here during the obama years.
>makes you feel rich, increases your dick size, and if you buy big bars, could make an awesome tray to snort blow off of if you're into that.

Cons
>Opportunity cost. As I said it's dirt cheap right now at a time when stocks are busting nuts every day and it's never been easier to invest in real estate. Worst case, you'll only end up meeting inflation in the grand scheme. Think of this as a hedge that you could also profit off of by buying low and selling high and invest accordingly. I've personally been pretty aggressive lately as the prices are so low, but that is my own personal strategy that I wouldn't necessarily recommend for everybody.
>You're in it for the long haul if you don't want to take a loss. While you can flip it easily, in the short term you will likely lose money if you do so, due to the premium you will pay, and on that note, ALWAYS TRY TO PAY THE SMALLEST PREMIUM POSSIBLE!
>There are a lot of knowledgeable PM stackers, but at least 50% of the community are doomers that will tell you to go all in on PMs, avoid a 401k complete, and wait for the bombs to fall to buy a harem of bitches and blow with your shiny moon rocks. You can follow this if you want, but you'll be very pink when you're 65 if the bombs never fall.
>Shit gets fucking heavy quick

SLAM

>>13493016
cont. Cons:
>Not only does shit get heavy but it takes up space. My stack is only 220 oz., takes up a third of an ammo can, and weighs 15lbs, and that's for around $3k worth of silver. If you're going to dump a lot of money in for whatever reason, consider going heavier or even all into gold if size and weight is important.
>Security. You can buy a safe if you want. Most safes can be defeated by tyrone with a stolen angle grinder in a few minutes, and you'll need a big safe if you stack a lot. A big safe that can't be defeated by an angle grinder in a few minutes is not cheap. You can put it in a bank security box, but again size and weight constraints. You can just try to hide it, but again, the size and weight. How you choose to secure it is your prerogative, but you'd better stay as strapped as pic related if you keep it at home, safe or not. Don't buy PMs if you're not willing to dump a gripskadditally into a negro that gets silly. Consider onions stock instead.

>>13493016

>There are a lot of knowledgeable PM stackers, but at least 50% of the community are doomers that will tell you to go all in on PMs, avoid a 401k complete, and wait for the bombs to fall to buy a harem of bitches and blow with your shiny moon rocks. You can follow this if you want, but you'll be very pink when you're 65 if the bombs never fall.

Pensions are a scam invented after WW2 to leech the wealth from the youth. You're never going to retire. I'm never going to retire. Nobody is. These pension funds are based entirely on two things: Fiat and the stock market. And the stock market is based entirely on fiat not losing its value. Which it is. Rapidly.

It's not going to end well. Manage your own money. Have a crypto portfolio too if you need digital money. Whenever you centralize any kind of power, it attracts the worst people.

>>13493093

Another good reason to buy silver coins. Annoying to move in large quantities, so harder to steal.

>>13493085
>bought BTC at 16k
>bought silver at 16

jesus christ, I´m not even mad anymore

>>13493093
cash-free lending back to the gold shop doesn't require you to have a safe or anything. you're still the owner of the gold, get interest on it, it's safe.
the only risk is that the shop could go bankrupt or the government takes action overnight.

>>13493016
>>Good spot to park loose money after other investments, especially if you can't help spending extra money on shit.

you mean I shouldn't be running up my credit cards on funko pops??

>>13491442
> Metals
> Silver
> Silver...the BCH of precious metals.
> Silver price spikes, every pleb takes in grandmas silverware set, necklaces, and old junk and cashes out dumping the price. Tight silver supply is a meme.
> Gold is patrician metal.
Invest gold if you have to hold metals
or BTC...
This post will trigger /biz/ incels.

>>13492848
People who go to college for non practical degrees, and who also take on student loans, are idiots. Fuck college as a business as well.

>>13493232
> Silver price spikes, every pleb takes in grandmas silverware set, necklaces, and old junk and cashes out dumping the price. Tight silver supply is a meme.

That's not how any of that works. You do understand that the amount of scrap silver in all of that shit is just about worthless even if it pumps, right? Silver and gold tapered back down because the people that weren't brainlets that bought it cheap and stacked it deep sold when it mooned. By your logic, meth heads boosting cats should have crashed palladium long ago.

>>13491912
>He doesn't know

Look at Japan

https://www.investopedia.com/articles/markets/052516/how-bank-japan-now-owns-90-top-10-stocks-boj.asp

>>13493225
Nobody said to not do anything like that.

>>13493975
I actually was about to write "Don't spend extra bucks on funko pops!", but backspaced it, and got a hearty kek out of his post. The worst part is that you can make bullshit money off of them, but I wouldn't pursue it as an investment or a job. If you've gone from wage cuck to salary cuck though, and can take some paid vacation days to buy the actually limited ones at cons, it's free money from soi boys on Ebay. I worked retail long enough though to say flat out that most people that buy fad commodities are poor and sad. There was a lot of anger and frustration over Funkos and Amiibos and NES classics, just to make a few hundred bucks. Believe me, when you see enough Shittly dressed, desperate neets try to fight security to buy inventory we didn't have to resell for $50 shekel units, you know they ain't gonna make it.

>>13493711
Japan is going to be one of the worst off countries when the bottom drops out, at least in theory. In practice, because they aren't fucking retards, they'll likely be like "welp a lot of debt just got erased! Lets just work hard to do our best and shit!" and recover faster than any other nation on earth. I would say it's bullshit and be mad, but they have one of the highest average IQ populations on earth. It's their game to lose.They'll probably end up nationalist again and I hope we join the right team this time. Last time we nuked them, they improved transistor technology to the point that we're all here bullshitting on the internet now.

>>13492848

Do we go sideways? Negative inflation when?

>>13493016

Why the fuck are you buying physical silver? Why not just SLV it up?

>>13493093

Ok confirmed retard but you had me going there

>>13491442
PROS:
>better than fiat
CONS:
>worse than bitcoin private keys
>zoomers will never buy your bags
>neither will millennials

>>13493016
great addition to my library, thank you!

>>13491453
Cryptos are not scarce.

crypto_1, crypto_2, crypto_3 ... crypto_infinity

Crypto provides an answer to the infinite units of one currency problem, but cannot address the infinite currency problem.

>>13495462
there's only 8 thousand, what's the problem

>>13495462
The free market will literally fix it.

>>13495480
Are there not infinite possible cryptos?

>>13495591
The market for crypto is free, has always been free, and will always be free. Anyone is free to make a new crypto and the universe of coins is infinite. Cryptos are not rare.

>>13495623
the future, with ai, is infinite.

>>13491442
im a huge silver guy but idk why its not climbing it is really just shorts?

>>13495462
>>13495614
>>13495623
Infinite cryptos is not a problem but a huge benefit as there is no way for a single entity to corner and manipulate the entire market without providing a better product. If there are a billion cryptos but only a handful that provide actual use cases, then the other ones will be essentially worthless unless people will accept them for any number of reasons. This will push innovation in the space and foster exchange mechanisms that allow you to switch between crypto currencies quickly and easily.

hey there, fellow boomer rock brothers

>>13495900
Golden eagles suck. Invest in golden buffaloes or golden maple leafs since they’re pure gold.

>>13495904
gold eagles are the most liquid gold coin in america, THE MOST LIQUID

>>13495832
Whatever the "best" one is can be copied and pasted, just like BTC was. The problem of infinite supply still exists. Meanwhile the number of gold atoms in the universe remains a constant N (until the next super nova)

>>13491442

How much do you think these are worth.

Bought them for $25

>>13491912
anon, I...

>>13494370
thats not how doomers roll.
also the option premium on there is shit

i have a few silver strikes in my collection. theyre themed silver 1oz coins generally kept by the 4 queens casino in vegas. one of the few casinos keeping tokens alive

>>13493109
Are most on this board 100% crypto?

>>13491557

y'all can go ahead and delet that shit right now

>>13493128

It sucks, but dollar cost averaging works

>>13494379
Why? nothing I said is wrong, dick slurper. A majority of safes in America are made out of sheet metal and dry wall/flame retardant/ground up Chinese orphans to increase weight without decreasing price. It literally takes five fucking minutes with a cut off wheel to get through one. If you aren't willing to own guns to protect your shit, you really shouldn't be buying rocks worth thousands of dollars. Don't be mad at me for saying this isn't an investment for faggots.

>>13497094
*Without increasing price rather.

NAK and PLM

Both risky long term speculative copper plays. Do your own research.

>>13495914

>UK gold sovereign lying among your stash

"I see you're a man of culture as well."

>>13491442
I feel like I need to "own" land and my home before I can properly invest in gold, silver, and lead in equal quantities. I'd literally go to jail for carrying a gun in my trunk with my post history, and I'm tame as fuck other than Wednesday night. Wednesday we (I) throw down.

>>13496715
Dad
>desert eagle compensating for "something"
>overweight, puts all pride into oldest son
>finger on trigger, behind family, may snap at any time
Oldest son
>chrome compensator on glock
>huge rear sight, but small (or no?) front sight
>no trigger discipline
>closeted homosexual, but wont reveal because dad might kill himself
Mom
>pink camo and gun
>only in it so Dad wont strike her again
Chad youngest son
>perfect trigger discipline
>front and center, veteran point man
>full camo, even overall-waders for deep water ops
>full head of hair unlike "brother" and "dad," clearly someone else's son with superior Chad genetics
>the only one who will make it when shtf and people actually use silver

>>13491442
I have been stacking again recently. If you need a reason to stack a few ounces, look no further than what is unfolding in Venezuela. It took them 8 short years to go to complete shit.

>>13498508
You
>veteran cock sucker
>faggot who needs to go to reddit

>>13496442

Wouldn't doomers be better off learning to farm, buying guns, and starting a militia? Idk what soys imagine doing with their stack of sparkly metal if the world ends.

IDK for me personally I would buy slv instead of hoarding physical Boomer rocks. I made some good gains on PALL this year so I do like Boomer rocks

>>13499002

"Hey neighbor want to trade your generator for my gold president coin?"
*Get stabbed and robbed by your neighbor*

>>13499002
It isn't about fucking going out and buying a chocolate bar with your American silver eagle retard. It's about BACKING the currency.

Gold is both currency but more importantly MONEY. So it will need to back fiat or crypto.

All of your guys" problem is you don't even know what the basic primary function of money is. Which is to MEASURE VALUE of goods exchanged for it. Money is a BAROMETER to MEASURE VALUE. And nothing measures value better than gold.

Example: 100 years ago a good weekly salary was 20$ and 1 oz of gold = 20$. Today that same 20$ you earned 100 years ago barely buys you 3 boxes of tampons but that gold ounce you earned 100 years ago is still equal to a good weekly salary at $1,300/oz. So gold measured value perfectly.

Inb4 muh stock market made me more gains. Gold isn't about making gains. The dollar price of gold is irrelevant. A gold ounce 900 years ago is that same ounce of gold today... doesn't fucking matter if the dollar or stock market exist or not. When the price of gold goes up that is a bad thing because that means the govt is out of control even more. Gold is just savings and real money. It doesn't go up or down.

You MAKE IT with gold in a currency collapse or reset. Gold one day gets revalued overnight to 50k/oz followed by a deflationary collapse of all asset prices. And you can buy an apartment complex for 2 or 3 ounces of gold which only cost you 3k or so to obtain in the first paradigm.

>>13491453
no

I bought these pandas a few weeks ago

I really want more, at least an oz of gold one day,
but I'd rather have money in BTC for when it hits new all time highs

>>13500171
Is it autistic to buy bars? Or are coins the best way to go in terms of transaction?

>>13500508
>30 grams

Disgusting

>>13500512
bars are cheaper per gramm than coins, i doubt we will ever have to use silver or gold as currency, just as store of value during the reform

>>13500584
Not that anon but,
>pandas regularly increase in price annually
>even though they're not a full troy ounce
>new design every year
>continually form a set
>collectors sperg over these things

>faggoty silver eagles
>the same over and over and over
>barely increase in price
>might as well be a generic round unless its 20+ years old
Personally, I prefer pandas over eagles. Canadian coins are alright too because of privy marks and limited series.
Not a coin collector by any means, but I divide my silver about 70/30 weight to semi/numismatics.

>>13500512
Depends on your strategy. If you're going for weight, 5-10oz bars are probably the best buy DESU. Any bigger and you'll start limiting the amount of buyers should you want to sell, and one ounce rounds command a higher premium. I only bought some rounds because they're the easiest to flip if it moons, but there will still be more than enough people willing to buy 5 or 10oz bars. The idea with buying actual state minted coins is that you pay a premium but theoretically can resell it at a premium since it's state backed. You can go that route if you want, I just prefer stacking generic because it's cheaper up front.

>>13491783
This will never happen