/biz/ - Business & Finance

>>19124672
Gold has been a currency since 600 BC.
Pretty good track record if you ask me.

>>19124672
If you have extra money on top of what you already want to put into stocks or crypto, then I would say buy gold now Otherwise don’t worry too much about it.

None of us have any idea what a real collapse is. Don’t get me wrong, I believe it’s likely to happen in our lifetimes, but it’s not gonna happen quite now.

Personally I’ve been putting a good chunk already into stocks and crypto, but I wanna add precious metals to that. I wanna buy silver but I don’t wanna get robbed in (((premiums))). But I also don’t know shit about buying precious metal just yet, so we’ll see.

>>19124672
warren buffet said that gold is nice to look at and fondle and it is shiny but it doesn't do much. i think i agree with that mentality "fools gold" as they say

>>19124672
Yes.

>>19124764
Buffet is a pedophile who made is money through insider knowledge and blackmail. Fuck that pedo kike.

>>19124764
I mean i dont give a fuck about Warren Buffet thinks, he is a system puppet. But thank you for insight.

>>19124672
It'll never collapse, but it'll certainly never make you wealthy. Stop fucking around and get on the UND train before it 50x's. You had 11 months.

>>19124672
Yes its going to go really high until the federal reserve hikes interest rates which they may never do. Bank of America sees 3k gold.
https://www.bloomberg.com/news/articles/2020-04-21/bofa-raises-gold-target-to-3-000-as-fed-can-t-print-gold

>>19124788
baseless claims from haters who are ngtmi
>>19124800
>don't give a fuck about buffet
I hope you mean jimmy

>>19124764
Buffett would probably hate himself if he was born into any other life. He outed himself as senile when he started to suck Obama's cock even though Obama hates rich old white people.

>>19124800
This

>>19124967
>ID
>sQQQ
I'm going to make

>>19124967
>>19125030

Oh shit, ID checked

>>19124672
Buy it so my stack makes gainz.

Silver at 16.80.
Rising just within 4 hours.

>>19125492
Forgot the bible passage...
St Matthew 6:12 DRC1752
And forgive us our debts, as we also forgive our debtors.

>>19125492
what does the ant text with a billion replies say

>>19124672
If you want to stack physical just DCA.
If you're going paper gold wait for the next dip which will come at some point.

>>19124764
Buffet is a fucking idiot now. Times have changed and fundamentals have completely changed since when he first started investing. This whole buy and hold strategy is a ponzi scheme meant to fool old boomers to invest their retirement. The US economy is complete shit and the bubble has already popped. Eventually these overpriced stocks will collapse when they can no longer justify P/E ratios of 90.

>>19125813
>P/E ratios of
explain this to me like I was 5

>>19124672
You should have bought in 2013-2019. Now premiums are high and physical is in short supply everywhere. Many of the wealthiest men in the world have recently been calling for gold in portfolios - Dalio, Druckenmiller, Gundlach, Sam Zell, Jim Rogers.

If you just want some exposure buy some GDX or GDXJ and enjoy the free 100-200% return over the next 18 months.

>>19125513
1/4

>>19125841
Google it

>>19125513
>>19126510
2/4

>>19125513
>>19126510
>>19126528
3/4

>>19126543
>>19126528
>>19126510
>>19125513
3.5/4

>>19126568
>>19126543
>>19126528
>>19126510
>>19125513
4/4

>>19125813
>This whole buy and hold strategy is a ponzi scheme
nigger what

the idea is youre investing into a business not an etf. yeah holding etfs is a scam but if you own shares of something like coca cola, there is a low chance you will be losing money in the long term

>>19125841
Kill yourself.

>>19124672
American investment portfolios now consist of 0.5% precious metals. The historic mean is 2%. A return to normal once gold prices go up will mean a 4x

Just holding the big miners like newmont or Barrick is a brainless 2x