/biz/ - Business & Finance

>>19702997
Who HASN'T cashed out other than literal 12 year olds?

>>19702997
we'll get one of those I told you so wicks and then permabull

best time to be in the market is right now

>>19703072
based

>>19703092
Thanks for the money bag holder, stay poor.

>>19703154
Okay, keep betting against monetary inflation and divvies. No matter what happens I'll be rich, you on the other hand, will probably just mistime "stay poor".

>>19703186
deflation is just ending now. Inflation will make number go up

>>19703186
There will be inflation from all this money printing and fiscal policy, no doubt, which is why im stacking silver right now with my profits. We are not there yet though, credit defaults and saving, which is what Americans are doing right now, are inherently deflationary, but yes, after that the market will go to the moo - though the money will just be worthless.

>>19702997
this isnt the real crash.

>>19703092
>best time to throw money i to stocks is when the bubble is about to pop
Lold

cashed out robinhood, sitting this out like buffet.
increasing muh btc holdings tho

>>19703244
>holding an asset that no one is paying you for vs holding an asset that people are paying you for

I was close to cashing out in feb but didn't have the balls. Then when shit crashed I was like fuck it I guess I'm holding. This bounce back to ATH.. wow. I cashed out all my stocks except for my 401k the friday before last, which was pretty much at 95% of my portfolio's all time time. What a god send this bounce was. Then last week I bought a few dozen puts on major indices as a hedge against some stock incentives I have from job. Those are already up 50-75% in one week. But they are hedge so I'm just going to hold them. On top of that I refinanced my mortgage with a sub 3% fixed rate so my living expenses are so cheap right now. Feeling comfy as fuck in this crash.

>>19702997
short term market gyrations followed by real bear market starting aug/sept
this july will see the quarterly reports of a lot of companies proving the v shaped recovery to be a real lie then a short time till it sinks in, still hard to accurately predict timing
early july will probably have a few good moments to take out some good priced long dated puts

>>19703273

>>19703415
Kek imagine being a bear. 100+ straight years of losing

>>19702997
Hey, Any thoughts on this, I could really use some advice.
My girl Has like 50k in a 401k. Like 20 years of work... (terrible) I can’t hang.
But she has a financial dude for like the last 5 years handling it. Slow gains & probably mutual funds or something. But I know this FN market is about to crash & I need to help her. I mean at least be able to get it into something that won’t tank & not lose. Btc is going down to imo.
This issue is that she can’t withdraw to cash or it’s realized gains & taxes like crazy. Anybody know much about this stuff? I’m just a self taught risk taker & im not risking it..
Suggestions would be very appreciated.

>>19703462
i mean they waive the 10% penalty for IRA (idk about 401k) but she still has to pay for the personal income tax on the withdrawal. If you think she'll lose more by just keeping in the market, then the former seems like an easy choice

>>19703349
I am using silver as a store of value to protect against potential hyperinflation after the market is flooded with dollars. Taking a bit more risk with silver because the solid gold/silver ratio right now. One might say silver is dirt cheap, perhaps even undervalued.

>>19703154
You traded your equities for currency, not money.

>>19703349

>>19703415

This chart is completely meaningless. Adjusted for inflation, if you bought the top in 1929, it took you 80 years to recoup your losses. Timestamp 28:15 https://www.youtube.com/watch?v=ZCjWdAEh-EU

If you aren't buying gold, silver, mining stocks, or, in anticipation of a crash, holding cash right now, you are simply a degenerate gambler.

>>19702997
comparing to a time before internet and smartphones lmao do you even have any intelligence left

>>19703092
>we're going above the ath with everything shut down and no vaccine for 6 months to a year
>and riots that are spreading the disease
>bvll bvll bvll
lol

>>19703284
You can make as much money when the line goes down, fren.

>>19703415
>>19703536

By the way, here's a more pertinent chart.

>>19703349
that chart is misleading the underlying components of the s&p 500 have changed massively in that time period many companies have gone bankrupt so maintaining those theoretical gains required active managing of your portfolio
and vanguard wasn't available to common plebs untill like the 80's

>>19703596

It's also not adjusted for inflation, as I pointed out here. >>19703536 I've taken a screenshot from the video if any one wants to see it. As you can see, someone who bought the top in 1929 or even 1960 only recovered in late 1992.

>>19703536

>80 years

70 years*

>>19703503
I guess it’s an ira.
Financial guy is telling her, she will be fine .. HA.. of course he is.

>>19703536

> 80 years

63 years*

>>19703415
Now do this with nikkei

>>19703536
>if you bought the top in 1929
then, you probably have other, more pertinent issues to worry about now.

>>19703717

Look at the chart. The 1929 crash followed a ten-year bull-market which itself was subsequent to a previous crash. Exactly like today. P. E. ratios are higher than ever before in human history. By contrast, gold and commodities have never been so undervalued when compared to the Dow. The choice of what to put your money in right now is obvious.

>>19703774
Realistically gold/silver can't get much cheaper either because of their use in industry, and cost to mine.

>>19703639
you quoted the other chart in your post
the one i mentioned has s&p 500, gold and us bonds plotted so you don't have to factor in inflation as it already is a comparison between like factors

if it is about gains you could plot a 4th graph of a bank deposit but really inflation isn't important as your pile of money would still be the same pile of money if shoved under the mattress
whatever you do with it the inflation is the same no matter the form of the investment you made

>>19703717
Underrated reference

Im just waiting for all these faggots who frantically buy every 5% dip immedeately in this retard rally to get rekt majorly until they cry and leave, never coming back again.

>>19702997
Went puts on the recent pumps, vxx calls and uvxy shares in ah, hedged with retarded otm spy calls in case we get the morning pump we’ve been seeing happen sometimes this past month.

>>19703574
Gold backed currency's fault

>>19703072
>>19703092
>>19703096
>>19703186
>>19703349
>>19703415
>>19703443
>>19703527
>>19703540
>>19702997
what do you guys think? "new paradigm" or "return to normal"
maybe even "denial". it's hilarious how you're so euphoric near-sighted you can't see the crumbling of your "empire" happening right before your very eyes lmao

>>19704057
We are at "media attention"

>>19704186
That's when CNBC started shilling BTC every single day.

ALL RIGHT THAT'S IT
LET ME SEE YOUR TSLA PUTS OR IM KILLING
ALL
>ALL
ALL
>ALL
ALL
THE FROGS

>>19703415
They mean of the economic cycle not of all time

>>19703381
Well done anon. You held through the despair and dooms, may good fortune be on your way from now onwards. All the best.

>>19703462
>ny thoughts on this, I could really use some advice.
>My girl Has like 50k in a 401k. Like 20 years of work... (terrible) I can’t hang.
>But she has a financial dude for like the last 5 years handling it. Slow gains & probably mutual funds or something. But I know this FN market is about to crash & I need to help her. I mean at least be able to get it into something that won’t tank & not lose. Btc is going down to imo.
>This issue is that she can’t withdraw to cash or it’s realized gains & taxes like crazy. Anybody know much about this stuff? I’m just a self taught risk taker & im not risking it..
>Suggestions would be very appreciated.
buy gold and silverstocks. do some research. everything crashes anyway but these stonks will moon like a motherfucker. we are in a debt bubble. precious metals will be the shit. wait for the first correction then buy. fucking easy 10x and more if you pick the good ones

>>19703503
any heads up on how to get the 10% waived?

>>19703894

I immediately know that your chart has something wrong with it, because gold is shown as flat before 1933, yet it nearly doubled after the crash of '29. It is also meaningless to measure gold between '33 and '71, because it had an artificial peg then which was unrelated to its real price. Once the U. S. revealed that it was defrauding the world, and that the dollar wasn't as good as gold, gold went up 25x in value.

You have to consider when and why gold goes up. Notice the two periods on your chart -- the 70s and 80s, and the 00s. In both these periods, yields were going down and inflation was going up; here, gold vastly outperformed the stock market. You will notice that gold goes down after the mid-80s, when Volcker allows interest-rates to rise. We are going into a period of negative real yields again.

>>19703856

>Gold backed currency's fault

Not true. It was slighting gold that caused the problem. The Fed was responsible for the stock market bubble which crashed in '29. Murray Rothbard, in "Wall Street, Banks, and American Foreign Policy":

"The major fruit of the Norman-Strong collaboration was Strong’s being pressured to inflate money and credit in the U.S. throughout the 1920s, in order to keep England from losing gold to the U.S. from its inflationary policies. Britain’s predicament came from its insistence on going back to the gold standard after the war at the highly overvalued pre-war par for the pound, and then insisting on inflating rather than deflating to make its exports competitively priced in the world market. Hence, Britain needed to induce other countries, particularly the U.S., to inflate along with it. The Strong-Norman-Morgan connection did the job, setting the stage for the great financial collapse of 1929–1931."

It was also the Fed which prolonged the Great Depression. Look into the Little Depression of 1920-21, subsequent to the Spanish Flu. Because the government didn't intervene in that one, it was short-lived.

I cashed out Friday and have been in a bear etf for the last week that’s steadily climbed. Also got some puts im hoping to swing next week

>>19704842
Transfer the ira to a brokerage like td, make it a SELF DIRECTED Ira if it is already a roth. If it’s a 401k you’ll have to look up the 5 year rule.
Get the self directed ira, and turn it all into cash. Do not gamble with the ira, don’t be a retard, its tempting in a self directed brokerage account, but dont let yo ur mom invest in anything or you either in the ira besides an index. Thats the only way to not lose it all, and dont put it all in an index eirher. Id go cash now

>>19703349
Gold isn't an asset, it's insurance.

>>19704842
sorry, you cant get the cash now without penalties and taxes. Sdira is for converting to cash and keeping in a retirement vehicle

>>19703244
you are correct.

>>19705014
Thanks,
So your saying that doing It that way will avoid the 10% Capitol gains tax.. It becomes unrealized or something?

>>19703856

First of all, you obviously wanted to own gold before the crash of '29, because gold nearly doubled afterwards. Homestake Mining went up 500%. It is meaningless to measure gold between '33 and '71, because it had an artificial peg then which was unrelated to its real price. Once the U. S. revealed that it was defrauding the world, and that the dollar wasn't as good as gold, gold went up 25x in value.

You have to consider when and why gold goes up. Notice the two such periods on your chart -- the 70s and 80s, and the 00s. In both these periods, yields were going down and inflation was going up; here, gold vastly outperformed the stock market. You will notice that gold goes down after the mid-80s, when Volcker allows interest-rates to rise. We are going into a period of negative real yields again.

>>19703894

>Gold backed currency's fault

Not true. It was slighting gold that caused the problem. The Fed was responsible for the stock market bubble which crashed in '29. Murray Rothbard, in "Wall Street, Banks, and American Foreign Policy":

"The major fruit of the Norman-Strong collaboration was Strong’s being pressured to inflate money and credit in the U.S. throughout the 1920s, in order to keep England from losing gold to the U.S. from its inflationary policies. Britain’s predicament came from its insistence on going back to the gold standard after the war at the highly overvalued pre-war par for the pound, and then insisting on inflating rather than deflating to make its exports competitively priced in the world market. Hence, Britain needed to induce other countries, particularly the U.S., to inflate along with it. The Strong-Norman-Morgan connection did the job, setting the stage for the great financial collapse of 1929–1931."

It was also the Fed which prolonged the Great Depression. Look into the Little Depression of 1920-21, subsequent to the Spanish Flu. Because the government didn't intervene in that one, it was short-lived.

>>19705189
So not taking it out is fine, I just want it to at least not tank with everything else. I guess it could just sit in a brokerage account or buy gold?

>>19703462
You invest in bond funds. Won't make much with the low rate, but it's usually pretty safe against losses in a crash.

>>19702997
>thinks the large spike in calls is retail
>but it’s the fed

Stay poor, Bobo. You know you love poverty.

>>19705410
Thanks man..

Does this look familiar? Thoughts?

>>19705910

>>19702997
If trump loses it crashes

While I’m here, do you wanna get in on the ground floor, BEFORE a token moons? Join on our discord and earn free eth prizes of 0.1 and 0.2 ETHER by participating in our invite contest.

https //discord gg/ 2g 2F tWM

>>19705924
Getting 2017 crypto vibes

>>19705942
Also is inverse of the stock market

>>19702997
Will someone help me understand why, if options trading is so ridiculously high, TVIX isn't on a $2,000 moon shot right now? Wouldn't the underlying volume on options trading push the premiums absurdly high? Or is that not how it works?

>>19705953
Tvix for example mimics pretty close

>>19703462
The financial dude is gonna tell her all in, time in the market, blah blah. If she really trusts you more than him, she can just reallocate to bonds. she doesn't need to withdraw anything, or pay any taxes. Just move the money from stocks to bonds, or to cash, if you think bonds suck too.

Unironically should i sell my link? Im back up a little over precorona levels. Only have 3k link and its everything

>>19703894
>Fiat currency against supply an demand shock

FED can print infinite money, but the economy will collapse in a total shutdown. At some point the real economy and financal markets become too disconnected and there will be a second crash.

When even the shoeshine boy is giving you stock advice it's time to cash out. One of the longest bullruns in history coupled with beerflu, unrest across the nation, debasing of the US dollar through endless 'stimulus', and the artificial inflation of the true value of stocks through govt intervention means bad times ahead. hurr durr stonks only go up... tell that to the dumb fucks who bought the dead cat bounce during the great depression. Those who are willfully ignorant or to dense to read the writing on the wall are asking to get fucked in the ass. Buy gold/silver, preferably silver

>>19706022
Gonna talk to her tonight & take a look at her portfolio & see where we’re at.
Appreciate it the tip bro.

Now I just have to get over getting scammed on ethx the other day. Fuck!!!!
Finally thought I was in early.. ha.

>>19706101
You cant buy anything at all with gold. Crypto is accepted anywhere Visa is. Grow up.

>>19706024
A-anyone?

>>19706190
Take a look at what Link does, how profitable it is - because its a token, not a currency coin - so it needs to be valuated based on earnings.. look at its market position in comparison to other projects, and what they do, some of them currency coins already with mass adoption etc. Link is obviously overvalued, in comparison to everything else. A smart person would at least take some and put it into other things at this high trade rate. BCH, LTC, etc.

>>19706190
yes sell ur link

"SmartContract's income

I'm having trouble identifying incentives:

Yes, SmartContract received $32 million during the ICO but what about now and also once mainnet is launched and established?

Are there major financial incentives for SmartContract to establish/maintain the chainlink infrastructure? Will there be something like a flat fee that is paid to SmartContract for every job? Will they be earning income through other means - like selling the remaining tokens to corporations or charging companies to help them implement chainlink's infrastructure?

What are the financial incentives that are currently motivating SmartContract to deliver a quality product? And what are the future financial incentives that will motivate them to maintain/improve upon an established infrastructure?

If I am missing something fundamental here, apologies in advance"

https://www.reddit.com/r/Chainlink/comments/99fsgd/smartcontracts_income/

The company SmartContract who own Chainlink would need to be making 280 million dollars a year sustainably to be valued at 2 billion. Are they making 280 million? How about 28 million? How about 2.8 million? Are they doing this from token sales, or from actual profits not just dumping a finite asset like it was a stock security.

TLDR: Chainlink has a value in single millions, not billions.

>>19706161
>thinking you can't trade in gold when humanity has been doing it for thousands of year already
>thinking that this financial system isn't a house of cards
>gold and btc in 2017 vs now

Don't fuck people over with this advice, gold/silver is not a 'investment' in so far as it's more of a store of wealth and a hedge against the current monetary system which will fail inevitably. It doesn't even matter if I'm wrong and stocks and shitcoins 'rise' in price if the dollar is worth less and less due to inflation. Look at Venezuela's stock market, line go up but it doesn't mean shit if the currency is shit

As an old fag (30 yo) the sentiment now is very similar to how it seemed before 2008 and 2000. In 2000 everyone was getting in stonks. Everyone wanted to be a day trader. I remember being in school in 2000 and my teacher was retiring to become day trader. He was telling us how many thousands of dollars he was making a day, and that a lot of people in the future wouldn't need to work because of house fast technology was progressing they could just invest in stocks.

In 2007-2008 I was just starting college so remember it much better. It was less stock shit and more just people having crazy debt in general. I knew tons of people with 5 figure credit card debt that would just roll it over on a new card every year for 0% APR offers. Literally can't go tits up. Margin trading was very popular, and people really did believe shit like the famous "mortgage your retirement" strategy where students were advised to take out as much student debt as possible, and any other debt like credit card, personal loans, etc. and invest it into the stock market. The theory was like a house mortgage you pay the interest while the investment grows faster.

Now the crazy ideas are back. Normies are literally "investing" into leveraged ETFs, dabbling in options, making commodity plays. And its bizarre what people like. Why is every normie is a raging oil bull for some reason, but also balls deep in TSLA and NKLA? Extreme growth tech stocks are seen as "safe" in comparison. Index funds with 10-15% return are boomer shit. They need 10-15% a week.

To me its clear we are in another bubble, its just a question of when it pops.

Is it time /biz/?

>>19703462

Hedge with the GDX gold-mining index, or some of the big gold-mining companies like Newmont, Franco-Nevada, etc.

>>19706330
>thinking you can't trade in gold when humanity has been doing it for thousands of year already
Lets play with a fun scenario. Youre on welfare so youre not allowed income, you have lots of money in gold because neet and tax avoider. Now you have to sell a multiple thousand dollar credit suisse 50g gold package. Do you A take a 15%+ hit against spot from a shady partially legally operating Jew or do you take a cheque for spot, deposit it in your bank account and get hit with welfare fraud. Oops, crypto solves this problem.

YOU CANT SELL ANY SIGNIFICANT AMOUNT OF IT WITHOUT TAKING A CHEQUE AND PAYING TAX OR THE JEW TAX

Crypto sells above market value anonymously. Also this store of value thing is retarded, if I wanted money later Id buy assets that gain value, wait, thats crypto!

>>19706352
I was fucking staring at it at 8.07 on Thursday like this fucks about to go. I didn't pull the trigger and made stupid as fuck decisions in the days following.

>>19702997
If you came out of the week in the black, you won. Don't worry about it more than that.

>>19706352
Could be look at sqqq for the year then this >>19705910

>>19703244
Woke clown

>>19702997
The thing what you think will happen often the opposite will happen. Also sports betters are playing the market now.

>>19706161

If you mean Bitcoin (BTC), it's an absolute joke and isn't accepted anywhere. You have to pay enormous fees and wait for enormous amounts of time to get anything done with it. The bankers destroyed it long ago. It also crashes even more than the stock-market does when the stock-market goes down. So please do not mislead people into thinking that that is a good investment at a time like this. Crypto, as a highly speculative gamble, should only be 1 or 2% of a portfolio, and good crypto only, with a genuine use-case--ETH, XMR, BCH, etc. Gold is guaranteed to go up at a time like this, because gold is not only a hedge against negative yields and inflation, but severely undervalued when compared to real estate and the Dow. People will want a safe place to put their money, and they will inevitably go to the 5,000-year-old safe haven to do so, especially when gold is presently so cheap.

>>19706408
>.It also crashes even more than the stock-market does when the stock-market goes down


lmao now this is a clown , the dow reached 18k a few months ago and when the dow was 18k btc was sub 400 usd.

BTC is holding great in this deflationary conditions.

>>19706408
>If you mean Bitcoin (BTC), it's an absolute joke and isn't accepted anywhere.
Well I mostly mean actual cryptos worth being in like Litecoin or BCH but yes actually Bitcoin is accepted literally anywhere Visas are through the crypto.com visa card, along with all the other major ones like BCH and LTC and I think Eth. I dont mention XRP normally but its one of them, the list will expand. Crypto was mass adopted this year, its over, we won and the boomers can never recover. You will never be able to send gold across the planet in seconds for pennies without any third party involvement. Thats where its value comes from, boomers act like that isnt a valuable tool. Its not "the bigger fool" its literally the new form of monetary exchange which humanity has just invented. This is a once in 1000 lifetimes event and youre still telling people to hold rocks into their grave.

>>19706408
>>19706443
Also desu, the crypto.com solution solves the scaling/fee problem with bitcoin because it can transact everything offchain where it doesnt cost anything. You pay 2$ for a coffee and it just takes it off your crypto.com tab, not initiating a costly btc transaction. I still think BTC will die and be replaced by better coins, but Ill play devils advocate on that one.

>>19706443

>Bitcoin is accepted literally anywhere

See picture.

>You will never be able to send gold across the planet in seconds for pennies without any third party involvement

This is one particular use-case which crypto has over gold, yes. But gold has its own advantages. If you make a mistake on GoldMoney.com, you can talk to someone and get the transaction reversed. If you make a mistake with crypto, you lose everything. Most normal people will never want to take on board that kind of risk. Again, somebody can torture you for your crypto-keys, and, in a crypto-world, torturing people for their money would become commonplace. But nobody can torture you for your gold which you keep in a Swiss vault.

>This is a once in 1000 lifetimes event

The once-in-a-lifetime event is the junior silver miners. They could go 100x or 150x. That's enough money for me. I don't need to put everything on a speculative gamble when I know I have a sure thing. If you know you can turn £100,000 into 15 million, why bother with crypto? Low real yields means a PM bull market, a PM bull market means silver going up, silver going up means silver juniors go to a price which we can hardly imagine.

>>19706421

When the Dow dropped 33% in March, BTC dropped over 50%--an absolutely catastrophic loss. Gold barely dropped at all. Someone holding gold could have sold it, bought Bitcoin at the bottom, and tripled their money on the way up. The BTC holder still hasn't got back to the February top. You saw what happened a few days ago, when the market crashed. Bitcoin started to crash with it. Gold didn't. Gold is going up.

>>19706371
Gold/silver will always retain their value and because of the rising cost to mine and all of he industrial applications that both occupy, they'll continue to rise in price until we are able to replicate their properties or create them from other materials which is not likely to happen at least for a very long time. I'm not shitting on crypto and it's useful applications, but with gold you have a physical asset that will most likely never depreciate. Acting as if you're a crystal ball reader and thinking that crypto will always increase in value and has no downsides is foolish, granted I'm not an expert and I'm open to arguments for crypto. Also if the US dollar fiat system fails, most likely other systems will as well but gold will always be gold, again I would like to be wrong regarding crypto but I don't see anything that would make me start investing into crypto more than PM's

>>19706546
Its more likely that crypto takes the bottom out of the gold investment market and it drops to its actual value, much below what it is right now with rampant speculation.
>>19706506
The picture is irrelevant, and I think BTC is a piece of shit, but honestly crypto.com doesnt initiate fees so its totally irrelevant. They pay you back, it costs them nothing to change the tally. You load btc onto your card, it doesnt cost anything to pay with it after that. They convert it into USD when you load it up. You pay 1 transaction per load up, and this goes for the other cryptos too like LTC, it doesnt have to be BTC but the BTC lemmings are actually saved.

>>19706506
Just put the keys in a Swiss vault.

What's the difference between Junior and Global?

>>19706506
Also I didnt read that part but muh swiss vault is irrelevant, they can torture you for that just as easily as anything in a safe bolted to your floor, like your keys. I knew a guy in highschool, he was a pot dealer, moved pounds. He had saved up over 100k before 20 and had a loud mouth. One day a couple guys with guns kidnapped him during a deal, threw him in the trunk, took him to a basement and tortured him for several days until he gave up the pass for the safe at his mothers house. If you arent willing to live using advanced situational awareness techniques and to fight attackers off with deadly force, yea, that could happen to you. Carry a really sharp flip knife, aim for the throat with a single slash, and run.

>>19706844

>Just put the keys in a Swiss vault.

Would you trust the guards never to take a look at them? As soon as a single person sees your keys, you lose everything. And how would you get access to your keys, unless you lived in the vicinity of the vault? If you memorized them already, you'll get tortured for them all the same, and keeping them in the vault is pointless. If you didn't memorize them, the person who relays them to you when you call the vault knows your keys now, and can take all your money.

>What's the difference between Junior and Global?

Junior miners are mining companies which have a smaller cap and more potential to grow. GDX and SIL are the large gold and silver mining indices, GDXJ and SILJ are the junior indices.

>>19706840

>Its more likely that crypto takes the bottom out of the gold investment market and it drops to its actual value, much below what it is right now with rampant speculation.

Gold is very cheap. No speculation at all. See the Dow-Gold ratio. >>19703774 To get back to its nominal all-time-high of $1900 in real terms, gold would have to be $5000.

>>19706884

I don't really follow your counter-argument. I fail to see how somebody could kidnap you and get hold of your gold if it's in a vault in Switzerland. I'm not talking about a safe in your own home.

>>19706917
What if they're joggers and don't understand the significance? They might torture you anyway thinking you can get the gold somehow.

>>19706917
They can torture you for days and have you managed everything in online transactions with no exposure to police. Youd be better off having it at your local bank with no online option, in cash lol.. or a safety deposit box, at least that gives you the opportunity to tell a teller. Then what if they have your family too. Its a stupid argument for gold, its not an argument for gold. Crypto is just as safe, if not safer. Its much safer from governments, who are the real ones to be concerned with. Gold does not protect from taxes and generally ends up with you paying above spot to sell below spot. You cant trade that swiss gold for a coffee, you cant do jack shit with it. You boomers deserve to be buried with your rocks.

>>19706979
idk man mankind used metal (not rocks) for a long time and it worked out pretty well. then fiat came and made everything kind of shitty.

now you want everyone to take the next step, beyond fiat: fake money accountable to no one.

>>19703092
>tricking people to go all in at the peak so the crash is bigger so your puts make more

b-based..?

>>19706979

>Crypto is just as safe, if not safer.

In some ways? Yes. In other ways? No. You haven't adequately answered the torture argument. If I get you on you own, I can get your keys out of you easily, and it may only take me a few hours to do so. Torturing a person into getting his gold delivered out of a Swiss vault is a pointless task which would take weeks to accomplish. Indeed, it's probably impossible. People would notice he had gone missing long before the delivery came in, and would sound the alarm.

>Gold does not protect from taxes and generally ends up with you paying above spot to sell below spot.

If I buy CGT-free gold coins, I pay no taxes. You pay taxes on your crypto. If we both make a million pounds, you pay £200,000 of that to a government. ($280,000 of 1 million dollars in America?) So, no, you're wrong about that.

> You cant trade that swiss gold for a coffee

Untrue. You can pay for anything, however fractional, with gold. The digital age makes gold a better medium of exchange than ever before. Look into GoldMoney, which used to be called BitGold.

https://www.youtube.com/watch?v=BjqzyqRz_Mc

You can buy things, however small the amount, with a credit card backed by gold. The only thing hamstringing GoldMoney is government regulation. But government regulation can hinder cryptocurrency as well.

>You boomers deserve to be buried with your rocks.

1) Gold is a metal.

2) I'm in my twenties, so I'm probably younger than you are.

>>19706840
How do you figure that crypto is going to lower the price of gold? What would you say it's true value is? What is the true value of crypto and which coin is the most likely to be used, which coin has the best application potential?

>>19707057
I recognize your posting style. You’re the based anon from that thread that delved into QE and how the FED props up USA’s debt buy printing cash to artificially keep bond yields low, no?

>>19702997
I did a month ago sitting comfy in my cash pile

>>19706506
>The once-in-a-lifetime event is the junior silver miners. They could go 100x or 150x.
>Low real yields means a PM bull market, a PM bull market means silver going up, silver going up means silver juniors go to a price which we can hardly imagine.
How much of a historical precedence is there for this? It makes sense on the surface but for example, these stocks tanked March like everything else.

>>19703546
With nobody working, the dollar will either lose liquidity for the general public or will be printed and infused to them.
The only people who will be able to maintain an above average lifestyle in either situation will be people who have things to cash out in liquidity world or ones who invest early in UBI world.
The bubble culminates once the UBI folk can only compete by buying stock. Then it will be made worthless.

>>19702997
Isn't that just bobos salivating over idea of second crash?

Everyone here needs to go read this thread right now

>>19669285

>>/biz/thread/S19669109

>>19707216
bobo is so pathetic they couldn't predict the first crash because they're stupid (all bobos are) so they hope the market crash for the same cause which is second wave of nothingburger
nothing more pathetic than bobos

two more dead joggers in the news. one was found dangling from a tree. another shot in atlanta. you know what that means: markets are goyna be GREEN on monday.

>>19707146

Thank you. Yes.

>>19707193

>How much of a historical precedence is there for this? It makes sense on the surface but for example, these stocks tanked March like everything else.

It's impossible to say. The reason why I have a strong position in physical gold in a vault, not simply in gold miners, even though the miners will make far better gains, is precisely for this reason, that the miners may or may not go down in the short-term with stocks.

Historically, gold and gold miners have not crashed in a second-leg-down on the stock market. (https://goldsilver.com/blog/how-would-gold-perform-in-a-second-stock-market-crash/.).) While the Dow was going down 85% in the second-leg-down of the 1929-1932 crash, Homestake Mining was going up 87%. All in all, it went up 500%. Peter Schiff said on one of his podcasts recently that he thinks the miners going down was a "headfake," and that it probably won't happen a second time if the markets crash again. On the other hand, David Brady is saying that a downturn in the miners in the near-future is a real possibility, and that they will only explode in value once the market crashes, and the Fed institutes YCC in order to prop it back up. (https://www.sprottmoney.com/Blog/fed-tapers-liquidity-raising-the-risk-of-further-downside-david-brady-june-4-2020.html.).) So the sensible thing for a person looking to get in is probably to buy some mining stocks now, and wait in cash to see if they crash along with the stock market in order to buy some more later. I'm still 33% in cash.

>>19702997
Im hibernating, but will wakeup and buy them stonks at the very bottom

>>19707193
Try looking it up lol, they dip like everything else then they moon along with the price of gold/silver. We just need the price per oz to go up and the juniors explode right along with it

>>19707193
>>19707290

>How much of a historical precedence is there for this

To address this point more specifically: When silver went from $1 to $2.5, the average small-cap silver miner went up 150x. Again, many mid-tier silver miners went up 20x over three years in the silver bull market from 2008-2011; see First Majestic Silver for example. If you bought First Majestic Silver in 2001, and held until 2011, you made 11,000% gains. In other words, you would have turned $100,000 into $11,100,000 (11 million dollars).

>>19707290
>>19707353
Aight, appreciate the perspective m8. I'll have to do some more research into precious metals.

>>19707353
What's your stack looking like man? Will you DCA all the way up or will you just sit comfy?

>>19707469

I'm 66% in PMs, about half gold and gold miners, half silver and silver miners. If there's another general stock-market melt-down, I will buy every silver-mining stock I can get my hands on. If mining stocks and PMs go up from now on, I will go all in on them with my cash once gold breaches its former ATH. I feel confident that, if it does that, it will keep rising, so don't feel the need to pound-cost average.

As a dumbass who holds physical, I can tell you it's a pain in the ass both mentally (uncertainty about price, buying more, waiting for it to arrive, etc.) and physically (to hide it, worry about it getting stolen in a break-in).

I regret not buying mining stocks. I'm up only like 10-20% on my physical but mining stocks have already gone up 100% or more. The smart move is to make fiat from mining stocks, cash out and THEN buy hard asserts like PMs.

>>19706371
this is a stupid and hyper-specific scenerio
>neck yourself you fucking idiot

>>19702997
um ya. i started browsing /biz/ about 5 months ago. i realised biz is always wrong the way pol is always right (statistically) and just made $10 000 in 2 months.

dumped them last weekerino.
thanks /biz/ you are the grownup version of /pol/

>>19706371
also crypto isn't anonymous, the scenerio you said pertains to crypto more than PMs. I can go and sell any gold to anyone for spot+ some, but if I wan't to buy crypto without kyc(or sell) I have to take 15%. Stop being blinded. You're fucking stupid

What are some good jr silver stocks? I might start putting money into them instead of physical(I already have 160oz silver, 1.25 oz gold, 25$ FV of junuk silver)

>>19707353
How long do I have to get in?

>>19703349
Now do Great Britain last century.

>>19707532
This is the right opinion I feel, trade fiat with the gains from mining stocks into physical PMs

>>19707616
Couple of weeks I would say, follow Mike Maloney on YouTube, he seems to have a better idea of PMs and the history of them then the average person

>>19707613
If you go to PMG you’ll see most of them mentioned but I’m personally in Golden minerals and First majestic

buying AG and COF

What are good mining stocks?

>>19707616

This bull-market is just getting started. You don't have to go all-in, because, as I say, there might be another general melt-down soon, but it is a good time to establish some sort of position, however small, just in case that doesn't happen. Silver is still only $17.50, not even at its February high of $18.50.

>>19707613

If you don't know what you're doing, just buy SIL and SILJ. All the companies in them are very good companies. First Majestic, Pan American, Hecla Mining, Coeur Mining, Hochschild Mining, Silvercrest Metals, SSR Mining, MAG Silver Corp, etc. Most of my money is in First Majestic, simply because I like Keith Neumeyer, and the fact that he's a real silver bull who knows about the manipulation in the silver-markets and completely believes in silver. He's holding back his product and waiting to sell when the price goes up, so, if you think that silver is going high, it's a good business-strategy to bet on. But, as I say, every one of these companies is a very good bet.

>>19703349
by this chart gold looks like it's outperformed since 2000

US10Y vs S&P 500
>buy the dip

>>19708017
>not understanding asset classes

I'm balls deep in calls and I'm holding them all for the next few months

>>19708047
They will expire worthless, unless they are Dec/Jan or later.

>>19707759
I'll be honest man, in this crazy market, this is the first that has made sense to me. I was too yound to experience 2008. Missed out on Bitcoin golden bull run. Fuck it man, I trust this internet stranger more than anything I've seen the last several years.