/biz/ - Business & Finance

>>24040191
Because youre supposed to hold precious metals for at least 20+ years

Wait until Dec 12th but should have bought bitcoin then you'd have more gold coins.

Mmmmm sorry, gold and alts are just so yummy!

>>24040191
if you think gold's bad, try holding miners this past month.

>>24040191
the same reason btc will go down soon

>>24040191
cuz speculators buy it for short term hedges u retard. it will moon the coming years but not without some pretty big pants shitting pullbacks

>>24040456
michael saylor is the reason i will only hold btc or gold. fuck everything else, fuck paper promises, im not putting my worthless pieces of paper into a 2nd layer of illusory paper promises.
>>24040375
yea you're right nigga

>>24040191

the only reason to hold gold is with the hope to squat in the ashes of civilization as a pauper king.

OP
The paper derivative price is fake.
A monetary reset will occur.
This is a shift in human evolution.
The ones who prepared will be rewarded into the new world. The ones that didn't prepare will get socialism and eventually die out.
Take advantage and be patient.

>>24040729
i want to believe this is true *hopeful tears well up in eyes*

Gold is not some great investment that goldbugs will tell you it is

We are heading for deflation. The economy is operating nowhere at capacity, business’s are not investing due to COVID uncertainty, we have too much supply of goods/services if anything so watch prices fall and relative value of dollar rise for a while longer

>>24040191
Eat your applesauce old man.

>>24040191
I like gold, it's my #2. But there's too much asymmetric upside with Bitcoin. I've heard the biggest established goldbugs say you can maybe 2x your money with gold. You can 100x your money with Bitcoin, and who knows if that's the limit.

This is why:
https://news.bitcoin.com/jpmorgan-gold-etfs-bitcoin/

>>24040375

good goy get 1% gains every year

>>24040486
Why's that

>>24040191
because you bought the hype (top), brainlet. The time to listen to goldfags was 2018 not 2020 retardddddd

>>24041242
If we have deflation then why did gold ruse over the last 12 months?

>>24040486
liquidity crisis maybe

>>24041620
Not bad for 2020

>>24041652
artificial bubble
https://en.wikipedia.org/wiki/Gold_fixing

>>24041684
meh, imagine if you bought btc instead, literally 5x instead of shitty 1.3x

Up 10% in my personal account and 40% in my 401k on gold in a reasonable time frame...it's one of my safe performers. Probably going to sell out of it soon but I can't complain.

>>24041242
>>24041251
>>24041314
>>24041620
I'm gonna sell my 4 PAMP bars tomorrow for a bit of profit and keep the chink panda coin and the AGE.

>>24041776
you know what? I might go buy a fucking SI iced out two-tone rollie with the proceeds

>>24041724
https://www.google.com/amp/s/www.cnbc.com/amp/2020/09/29/jp-morgan-settles-spoofing-lawsuit-alleging-fraud-in-metals-trades.html

Rigged market, enjoy the discount while it lasts

>>24040191
>Gold is reacting to the increase of the monetary system
>Create more paper gold and dump it.
>Gold price flatlines the decade of the biggest monetary expansion

>Bitcoin reacting to the monetary expansion
>Short it & dump it
>Autists want the coins in hardware of wallets await of exchanges
>Price goes up a few weeks ago
>Goes up thousands of percent in a decade

>Why does gold is going down.

KEYNES DELENDA EST

>>24040191
Why the fuck did you sell 4 oz BEFORE the second stimulus and BEFORE seeing how inflation pans out long term. Brainlet.

>>24040600
sounds based

>>24040729
good all normies must die

>>24042307
i haven't sold them yet

>>24042251
Beautiful

Gold is going down because it's an obsolete relic of the past. It serves no purpose outside of electronics. It's from a time when people didn't have indoor plumbing and electricity and there was no global communication. Silver is even worse.

I always lose money

>>24042341
The pump after a second stimulus is just about guaranteed.

>>24042425
Cool to collect though unless you're getting generic ass shit that doesn't come from a state mint or have history. But essentially you're correct, precious metals are indeed a relic of what money used to be, it's quite sad to he honest.

>>24040191
Gold has been a terrible investment over the past 10 years if you compare it to other asset classes on the efficient frontier.
You would have got a much greater return per unit volatility if you invested in an index fund.

>>24042586
Forgot pic

>>24041652
Stimulus