/biz/ - Business & Finance

>>18267762
they're prepping for being able to sell 2020 corona-gold on antiques roadshow 60 years down the line

>>18267762
Gold & Crypto is what the pros now do. No more cash is king. That was yesterday. Physical gold is almost sold out world wide. And crypto will soon experience a boost the likes of which none of us have ever seen.

>>18267927
What about silver?

>>18267955
same. we face the meltdown of our financial system, anything of real value will be sold out soon

>>18267998
Shut up fake news

Gold and silver are worthless because in any event where they’re worth a shit ton, you’ll be using them to buy food and water anyways. So just buy food and water instead

>>18268064
this is the most retarded thing I've read in 10 years of 4chan, and on /biz/ no less

local dealer is selling bullion at +10%

>>18268064

>>18267927
>And crypto will soon experience a boost the likes of which none of us have ever seen.
I'm actually bearish on crypto since it is artificially inflated and almost always has been.

>>18267955
What about palladium?

>>18268255
Well, if you feel that I am wrong, act accordingly. But it is so damn obvious! Connect the dots Anon.

>>18268064
Retard.

https://seekingalpha.com/article/10885-gold-and-silver-lessons-from-weimar-germany

>>18268064

Silver and gold bars don't rot, knucklehead. That's why they have been used as a store of value for literally millenia

>>18267927
>>18267955
>>18268271

Anyone know if there are mints in operation still at the moment

>>18268064
kek you (((guys))) should just stick to the asteroid mining LARP it carried much more weight

>>18267955
>>18267998
I was looking at prices and wages during the middle ages:
https://medieval.ucdavis.edu/120D/Money.html
So the daily wage of a thatcher in 1260 was 2 pence, that's 730 pence a year or about 36.5 ounces of silver.
Bear in mind though that they used the Tower pound which was LIGHTER than the Troy pound. And the penny was debased over time, by the time of Henry VIII only a third of a penny's weight was silver.
Of course there's probably more silver in the world today, but there's also more people.

>>18268470
It doesn't matter, do you get it? Because nobody brings the mined gold to the mints.

Hot take and a refreshing sound amongst self repeating boomers: shiny rock merchants are using the turmoil in the markets to pump their prices in a concerted manner. The gold bugs lap it up, as they have for decades.

>>18268617
Sorry link got changed to https, here's the correct one:
http://medieval.ucdavis.edu/120D/Money.html

>>18268684
kek, they are in complete denial about it too

>>18268684
I'm a fan of metals but certainly this is something youd do if you were a dealer, you have to be careful with these 'pumps'

>>18268684
In case you were directing this at me? I am not a shiny rock merchant.

>>18268741
The scarcity isn’t artificial... mines are closing down. The bullion dealers would love to be selling right now but physical metals are in high demand. They are selling with huge premiums anyway so there’s no reason to pretend like they are out of stock, they just are.

>>18268064
You're trying to sell calculus to a board that wouldn't even pass basic arithmetic, anon. People here are so schizo and retarded they don't understand that the world is no longer in the early 1900s, it is a modernized world, and shiny rocks will have no value in such a scenario as what played out in Weimar. If people here were actually successful, they wouldn't be here.

>>18268684
you don't get it, do you? In times of uncertainty and retarded inflation, shiny rocks are the only thing with intrinsic value. Always has been, always will be. Not stonks, not shitcon, not fiat. When you buy shiny rocks in times of uncertainty, you're making a bet for when things turn to shit. In the worst of the worse case scenarios, if you lose that bet, you'll lose money for inflated prices, for sure, but you'll never lose more than about 30% of the money you spent. If you win it, however, only those with shiny rocks are gonna be rich. High floor, and a ceiling that can fluctuate between average and absurdly high. Is there a better bet?

>>18268064
Listen here you madmax fag. If society collapses, the elite would still use gold, even if they're barbarians, while the lower classes would trade with Ammo, tp, bottle caps, etc.

>>18267762
Man, I'm shitting. Pull it physical and sustain the delay.
Not really. Preped and comfy for 1 week

>>18267762
The reset might happen, but certainly not soon enough that you shouldn't wait until summer when things will be opened back up and people aren't panicbuying. You'll at the very least have a small window of opportunity before the virus makes its return in the fall to buy at a better price.

>>18268909
The best information in the world is on 4chan, lots of sifting and cross verification is required, but there are few other non pozzed sources anymore. The gutter and the pinnacle of the internet. I was successful before 4chan, became much more so with the information and experience gained while browsing, although I caution others since the learning curve for spotting trolls and learning board culture can be steep.

>>18268684
Tier 1 asset, banks buy it up, that’s why I bought it before all of the PM shilling, I even told other biztards to buy it when it was $1400, everything lost value except gold in the last 6 months.

>>18269138
>If society collapses, the elite would still use gold
no, they would use young women instead...

>>18269508
No, the elite would just drive from their land. And if you want to eat you have to work. Like back in medieval times.

>>18268064

Food & water expire over time you fucking re-re.

>>18267762
Go to the mints, nigger.

Go to the mints. Just ordered coin for 1700. Will be here next week.

>>18269403
I don’t know if you’re memeing but I truly believe this. Stay based friend. HH

>>18268909
>it is a modernized world
There has never been a moment in history where the world has not been "modernized". This is literally "it's current year" tier rhetoric.

>>18269508
protip: Young women like gold

>>18270797
This modern fad called logical thinking is overrated. Only 3000 years ago we didn't even have these training wheels dulling our intuition. The Greek philosophical golden age was a mistake.

>>18267955
Silver has way more upside potential, in the next few weeks silver is going to close the gsr gap big time. Silver is also at huge premiums. And is sold out around europe.

>>18271031
logical thinking leads to the conclusion that humans will not suddenly stop valuing the things they have valued for the entirety of their history because "modern"

>>18271139
The stagnant parrots will die and the schizo masterrace will repopulate the earth.
>go on, lazy-bones, interloper, sallow-face!--lest I tickle thee with my heel! What dost thou here between the towers? In the tower is the place for thee, thou shouldst be locked up; to one better than thyself thou blockest the way!

you guys do know 99% of bullion is stored in vaults right

retail bullion is insignificant compared to the real gold market

>>18268064
Theoretically, if the world were to turn to shit and food was in scarcity, I would not accept shiney rocks as payment for anything. They have no tangible value. They are as good as USD, and only have value as long as people believe it has value. Do you really think the faggots on the Walking Dead would accept gold and silver as payment? Nah dude they would laugh in your face for being a retarded jew.

>>18271278
exactly, when the niggers on the prowl, everyone will want bullets

>>18271233
Well the big vaults you mention are failing to deliver due to the virus. This is what caused the recent price increase due to panic

>>18271344
>the recent price increase
spot price hasn't change since last weak and actually dropped 3 days ago, retail bullion has 0% effect on the real market thats traded within the vaults (they don't move when traded, no delivery needed thats only for retail)

only premiums for retail went up because only retards buy retail bullion

>>18270822
Young women are idiotic too.

>>18267927
i think it's the amateur morons that buy metals here.

>>18272836
Leave the metals to the big boys. It's past your bedtime.

>>18271483
Premiums for retail went up because physical gold that you own and hold yourself is more valuable than physical gold someone else owns and holds themselves.

>>18269138
And in this Mad Max scenario the gold seller would pay a premium. Gold doesn't feed, quench thirst, or shelter. You would make a greater profit in base goods and a tiny supply (5%) of gold would be fine.

>>18268025
>The Fed can just keep printing USD no problem
>The US can keep borrowing and spending more and more even as GDP falls through the roof

You’re retarded

>>18271278
>Do you really think the faggots on the Walking Dead would accept gold and silver as payment?
When will you people learn that television isn't reality, and the fantasies of urban dwelling screenwriters have nothing to do with the way things really work.

>>18272836
lol? who the fuck buys metals here?

>>18273217
>Gold doesn't feed, quench thirst, or shelter.
So then why did the people of the past, who actually lived the Mad Max level of existence you base this scenario on, use gold as a means of exchange?
>You would make a greater profit in base goods and a tiny supply (5%) of gold would be fine.
and what will you exchange these base goods for in order to make a profit, more base goods?
How will you be transporting these hundreds of pounds of base goods to exchange for hundreds of pounds of other base goods?

>>18268064
wat

Thanks Jeff Bezos!

Jm bullion and jeweler suppliers cant get their shit together to ship me my shit, but for a small premium i got my hands on a stack topper and it only took a week!

45 ounces of silver pending between normally reputable suppliers at about 17.3 an ounce average.

HURRY THE FUCK UP SO I CAN GO INNAWOODS

>>18267762
Oh fuck, it was just silver, now my local dealers in northern europe are fucking out of gold too. Fuck fuck fuck me fuck me

>>18273596
earlier this week mine said they'll call me back in a day or two. they didn't.

>>18273636
I have hopes it's just a bit out of proportion because of the deliveries being postponed. Hedge with mining stocks I guess..

>>18273661
HA! But you see, even the miners know what's coming. You know what will actually happen? The fucking crazy retard McAfee will have been right after all, even though he could have never foreseen this situation

>>18273661
I think PM are oversold and in a bit of a bubble right now tbqh. Another buying opportunity will come when people cash out of what they are holding right now.

>>18273902
John I just got back from Spain *cough* Mcafee

>>18273944
I am hoping for this as well. I am so fucking sure we will see at least a brief deflation before and if we get an inflation.
>>18273902
Love and hate that tard

>>18272861
i bought the dip in 2013 i'm selling now pleb

>>18267762
>24+ 1 kilo bars
Not bad, OP, not bad HOWEVER

>>18267927
Crypto doesn't scale. Most it will go to is 12-15k. It stops functioning after that.

>>18274415
Hm... don*t buy it then?

>>18273311
>The Fed can just keep printing USD no problem
>The US can keep borrowing and spending more and more even as GDP falls through the roof
Yes

>>18274463
The Fed and the European central bank have a plan. And this plan Anon is already being executed

>>18274486
PM currency reset? Certainly looks like the petrodollar is being sacrificed by Trump and they are going domestic energy independent.

>>18267927
Okay good luck paying for your Doritos in gold bullion

>>18274359
ooooooooooooooooooo
this is my worst nightmare
especially since I'm not allowed to access the vault I store my gold in. If I could just hold the bars I know I could tell if its real, gold is fucking heavy, real fucking heavy, small bar fucking hurting my arms heavy. its real easy to see if a bar is fake, but coins? coins would be impossible without calculating its density

>>18274705
Buy milk spot maples.

>>18274705
dumbass, tungsten has the same density as gold, you can't tell the difference from the outside, only by CT scans or cutting it open

>>18274748
!!!!!! its true
I've never seen a gold assayer do this though, if the bar is stamped "credit suisse" then hehe its hehe as good as gold hehe, no but seriously if the gold comes from one of the big refineries then no questions are asked
man I feel like I need to force an inspection at the vaults

>>18267927
Gold is boring, ancient hedge

>>18267762

I took some gold it my local shop and tried to buy goods

the told me to get out, or go somewhere it can be exchanged for money, WTF is it good for ?

nothing...............................

Mints still have gold

You guys think there will be gold to buy 2-3 weeks from now?

>>18275549
nah mate, metals aren't currency no matter what they tell you
Its called Gresham's law
store of value? ok
but medium of exchange? no way

>>18268064
Bitcoin is worthless because in any event where they’re worth a shit ton, you’ll be using them to buy Lambos anyways. So just buy Lambos instead

>>18268470
They should be open. I work on an oil rig and we are still working and it has similar exposures as mines do

>>18274748
not exactly the same density but tungsten + osmium in the correct ratio is thecsame

>>18267927
>Gold & Crypto
>Crypto

OH NO NO NO NO

>>18274748
also xrays not gonna penetrate gold deeper than a few microns ultrasound specific speed of sound tests tell you what its made of and if there is an insert