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/biz/ - Business & Finance

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25738496 No.25738496 [Reply] [Original]

I'm a student who has 1k € and i don't want to lose it in the upcoming inflation/crisis/money devaluation because of covid. I don't want to win or loose, just keep my money safe. Is buying gold a good idea for this?
I currently live in spain if that matters

>> No.25738564

>>25738496
Invest in the coin hidden within my ID. You’ll become the richest person in Spain

>> No.25738565

buy tsla stuped
stocks onley go u p

>> No.25738570

>>25738496
Keep in mind what's coming in the future and invest accordingly
>L-shaped recovery
>Japanification
>Deflation

>> No.25738578

Just buy BTC

>> No.25738603

>>25738570
This. Don't be irrational. 1k isn't really gonna do much at this phase. Focus on getting a good education.

>> No.25738609
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25738609

>>25738565
until they don't

>> No.25738611

>>25738496
That’s literally the entire point of gold as an investment

>> No.25738650

>>25738496
there are no safe bets other than guns, ammo, and personal skills

>> No.25738715

No guys, i don't want to take risks, not now, i just want to keep my money safe to avoid having worthless pieces of paper when covie crisis hits

>> No.25738778

>>25738715
€1000 in any form of currency or stock of value isn't going to make any difference anyway. just keep your euros and forget about it and focus on yourself

>> No.25738790

>>25738715
Try treasury/government bonds
With 1k euro you can barely buy any though.. US T bills are currently 0.1% although you wouldn't want to trust on the Fed to pay up in a future shitstorm

>> No.25738813

>>25738496
If 1k is all you can invest, you might as well keep it in cash. Always good to have some cash available

>> No.25738927

>>25738715
gold and silver are good. I would personally get 1/4oz gold piece or maybe something slightly under(like a soveirgn or 10 peso) and the rest in silver. All physical of course. I would just get rounds or bars, not government coins either. Since you only have 1k you probably want to stack for weight over premiums

>> No.25739411
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25739411

>>25738496
The point of gold is to keep your money, the value of an ounce is similar to getting dressed and buying some everyday carry items, (eg. decent shoes, something to wear, good knife or cheap gun etc.)
It's not speculation, unless something drastic happens it's closer to showing you how currency slowly devalues, rather than how it appreciates.
For shit hit the fan scenarios, a known silver coin of your region might make more sense.
Smaller unit, easier to trade. (e.g. in Germany it would be the old 10-Mark silver coins, in Italy the 500-lira)
The basic assumption with an ounce of gold will be: probably some Chinese gilded tungsten.
Used coins and small bars sold at material-cost tend to be referred to as "junk-silver" if you want to go this route.

>> No.25739654
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25739654

>>25739411
On gold an silver, I forgot to mention,
gold might make much more sense due to taxes.
In some areas gold is tax-free while silver, platinum etc. has sales-tax (21% in spain?)
So you'd instantly loose money on buying silver.
when you get gold bars, get them from a reliable source (Chinese tungsten problem..) and with the small essayeur rectangle on them. With the logo a bank more or less treats them as currency (if the don't think it's fake).