/biz/ - Business & Finance

PM’s to the moon

Why is gold such a piece of shit? It only goes up like $10 then it falls back down again. Gold should go up like $500 in one day just like crypto and then it would be attractive to buy.

do you think this debt is sustainable

it has about doubled since last 10 years

https://www.usdebtclock.org/

and Trump era this debt has just grown more

and it says about Gold
US dollar to Gold ratio now is $ 5943

>>15120291
Because the only way to move it internationally is unironically using ledgers from companies that get your gold and then you get it in another country.

If you are going to use a ledger you may as well use bitcoin and avoid gold alltogether.
And besides that there is not another way to move gold internationally as it can't be taken into flights and moving it into another country is subjeted to tarrifs like goods.

Not yet, I'm not done stacking.

>>15120291
Price suppression through paper trading. If you want real value, buy bullion.

>>15120363

yes, there is so much more paper gold contracts what there is actually psychical gold

same with silver

The Paper Silver Market is 250 Times the Size of the Physical Silver Market

https://tavex.fi/en/the-paper-silver-market-is-250-times-the-size-of-the-physical-silver-market/

that means that if paper silver buyer wants physical silver, only 1 to 250 get real physical silver

>>15120268
>trader wars
lol

>>15120409

ok, that was typo, i mean trade wars

>>15120291
Don't worry. It's not your fault that your bitch of a mom dropped you when you were a baby.

>>15120268
>all fiat currencies, US dollar, China Yuan, Euro, etc, etc. they have backed nothing
they are considered to be backed by their respective countries economies. why should it be pinned to a single asset when the printing authority owns so many assets? gold standard failed
>and when central banks print more money
they do this constantly, they take old money out of circulation, destroy it and print new money. should the treasury/mint workers only work once a year to print new fiat to adjust for growing demand in a growing populace?

>and cut interest rates
high interest rates are tied to high risk. a countries currency should not be a high risk asset. while there are positives to both sides of having a high and low interest rate, this isnt a bad thing

It's basically already there in CAD. RIP, I should've held on to my mining stocks.

>>15120423

this situation, quantitative easing, i.e. money printing with low interest rates, there has been no real economy growth since 2008 economy crash, all "growth" is because all government has take more debt last 10 years

quantitative easing means money printing, and when you add to that fact that interest rates are all time low, that is recept to hyperinflation

it has happening before western world, for example 1920s Germany

>>15120532
Moon bois will love hyperinflation.

>>15120561
>tfw btc reaches $400,000 by 2020
>$400,000 buys you a loaf of wonderbread

>>15120561
>>15120575
You fags are not taking into account that bitcoin mining uses electricity and electric costs would suffer inflation.
As a result bitcoin price will always be above inflation of fiat since newly mined coins will have an ever increasing cost in an inflationary economy.

>>15120659
I said it sarcastically jerk ass

>>15120659
Yes the cost can keep going up but their market value can keep falling

>>15120575
The year is 2024. Gold and crypto are in a race to the top. Bitcoin took the lead early on but now gold is closing the price gap at $10.8 million price compared to BTC's $11.3 million price. On a percentage basis, beef, pork and chicken have outperformed all other asset classes. Percentage gains on meat are triple that of crypto and gold. People are eating cats and rodents in the ghettos

>>15120779
people don't get this, it's funny

>>15120268
>then its psychological sign that world economy is big troube and send gold to $ 5000
who falls for this shit?
expecting the whole economy to fall apart is on the same level as those religious nuts that predict the world is going to end and expect people to give all of their money to the church.

Is it really not possible to take gold in a flight?

Gold will hit 10k+ within 5 years

where do I get gold? local shops? online? keep in mind I don't trust kikes

Nobody gives a shit about shiney metals

>>15121640
Did you just turn 12? If not, you might be retarded.

Am I going to make it?

>>15120291
Price suppression through paper trading just like silver and bitcoin

>>15122409
Nice gold/plat stack.
IMO time to add some serious silver weight

>>15122409
where do you sell that? banks?

>>15122409
>Engelhard
>Pt Eagles

>>15122845
>banks?
lol, look up stories about people going in to deposit their 20 dollar gold pieces

>>15122845
coin dealers

>>15120268
Stop shilling PM's. Cryptocucks don't deserve to have this information.

daily reminder that the current silver to gold ratio is like 92:1 when it should be like 15:1. Silver is incredibly undervalued based on the historical data of silver and the deflating US dollar, you'd have to be a moron to not have at least some percentage of your assets in precious metals

Whatever Gold goes to Silver will move to a 10 to 1 ratio.

gold $10000 Silver $1000

calling it

>>15124378
we're gonna make it

Try moon3d and get good profit

>>15120268
Muh boomer rocks.

>>15120268
gold $10k? hah i will suck my own dick if that happens before btc hits $1mil

>>15125918
don't look now kid, but I think you better start suck

some proffessionals are calling gold 20k per oz usd, when db goes down hahahah fuck ..
the great bix is calling sliver 2000 or 1::5 or basically whatever you want

Whats the yield on gold again? Thats what I thought.

>>15127197
What's the yield on 10 year treasuries with 2-3% inflation?

>>15124378
lol never gonna happen

>>15127625
Anythings possible. Look at the world today it just a matter of time before fiat goes nul and void. People in western countries are not complete cucks like 3rd world countries when it cones to money. If the sentiment changes that the US dollar is worthless every year silver and gold are the only safe havens available.

I only have 1oz of Gold, 31oz of Silver, a sterling silver ring, and a 14k gold ring. Will that be enough to make it?

>>15124378

they say that silve is most manipulated and undervalued asset at the moment

if silver was insignificant, then JP Morgan bank would not hoard huge amount of silver

JP Morgan Has Cornered the Silver Market via Manipulation

The world’s largest stockpile of privately owned silver–500 million ounces–is owned by one of the world’s largest banks–JPMorgan Chase.

https://gsiexchange.com/jp-morgan-cornered-silver-market/

>>15120352
hurry up brah

GO BACK DOWN, I'M NOT DONE STACKING!

>>15129358
This

I barely got ahold of an ounce of platinum when it was briefly at $800. Fuck me

>>15124144
this, USLV will be a moonshot 100x

>>15120405
Did you even fucking read that article?
The metal-pusher says that 20B worth of silver is mined anually, while the amount traded overall is 5T, thus: 250X.
As if the traded silver is only the silver mined that particular year.

You don't deserve to have money you violently retarded boomer PoS.

>>15130309
Interestingly enough, the only sites pushing this blatantlly false narative are metal merchants.
Are you actually a boomer shilling metals? Holy fuck, that's sad.

>>15120789
This guys gets it. Best case your chosen get rich quick dream just ends up letting you transfer the $200 you "invested" in bitcoin or gold over to the next fiat system unmolested. You'll still be poor.

>>15131343
In relation to others that aren't able to transfer funds unmolested, I will be _____

>>15128489
What are you trying to make? A retirement for ants?

https://www.ebay.com/itm/1982-Israel-Gold-10-Sheqalim-Rothschild-Equals-1-2-Oz-Of-Gold-Maple-Leaf-Eagle/233294173446

With 10% ebay bucks cashback and credit card cashback you can get this for ~$200 under melt value
Paying it forward for the bizlets who shilled me silver at $14 a couple of months ago

>>15131591
>literal jew gold