/biz/ - Business & Finance

>>26042918
Gold money moving to crypto
Get rekt boomer

>>26042974
Is 31 boomer?

>>26042918
Apple sucks

>>26043401
It is if you’re buying gold

Is anyone thinking things could get shaky until Biden is well and truly in - as he post-pones inauguration and thre are more riots and threats and violence etc I'm guessing the markets are generally going down.

>>26042918
Niggers got in

>shiny boomer rock

>>26043570
They are which would in non clown world mean higher gold but since higher gold is a threat to central banks obviously they are not letting that happen.

>>26043506

If boomers were buying gold the price would be much higher. Get fucked zoomer.

>>26042918
zoomers decided they weren't going to buy boomer shiny rocks that were dug out of the ground
much like how they are also not going to buy the cardboard shitboxes that will be falling apart at the seams by the time you are wanting to cash them out to survive the last 10 years of your retirement
you would rather drool into a cup and shit into a diaper in a nursing home for 10 years than die and let your kids make it

>>26042918
We are literally creating a new generation of wealthy as those who arent on the crypto bus miss out on the huge volatility and price increase it is offering.

>>26043738
Stop saying shiny rocks are boomer they’re aren’t if they were gold would be much higher. Better to electronically “mine” nothing that means nothing and have no value because it clown world it’s a leading asset class.

>>26043762
Sounds like the dhotcom/housing bubble. You haven’t made shit till you sell.

>>26042918
bro, you need to update that chart, chainlink is currently at 22$.

>>26042918
0. The economy is hibernating due to COVID. The limited circulation is causing deflation.
1. Market is expecting another stock market boom from stimulus.
2. Investors sell gold to get cash to buy stocks before them.
3. When Robinhooders get their Bidenbux bankers will dump the stocks on them and escape to reserve assets.
4. Once lockdowns are released the economic damage begins to materialize.
5. Inflation rises followed by multiple carefully planned stimulus checks. PMs skyrocket.
6. Fiat-denominated debts and obligations of all heavily indebted western economies will be inflated away. (GREAT RESET)
7. Some classes, like pensioners will be given a pittance (UBI) while bank will be given bailouts.

Imagine not having universal, timeless wealth

>>26044170
Ok thank you so here’s the deal. My account is all PM miners and it’s down 20%. I am sure there’s a lot more downside still coming. Should I sell and then rebuy or since I’ve held through to two large pullbacks should I just hold all the way through and quit looking at my account and maybe double down at the bottom when gold hits like 1775 or 1750?

>>26044225
Sounds like timeless universal wealth failed

>>26044347
>my coin go up in risk on environment!
Probably bc it’s a risky asset anon

>>26044305
Buy high sell low! Do it anon!

>>26042918
Cope and seethe. Gold is scam like fiat. Read Jewish history. Gold was the original fiat and the original gold was products that have actual value like food

>>26042918
Rising interest rates = lower gold prices in Basel 3. Lower interest rates = higher gold prices.

Gold is priced as a 0-yield bond with infinite maturity (but it has industrial uses too).

>>26044521
>risk on
What's with the gayass lingo? Why not high/low risk instead of on/off?

>>26044688
But even when interest rates lower, gold doesn’t really move higher. Also how much fucking lower can they go? With all of the debt and currency printing gold is worth only $1,850? Impossible!

>>26043401
You have boomer mindset and you got what you deserved.

>people hold PMs
>initial uncertainty with Covid scare causes a run on PMs
>people who held PMs before Covid scare are now looking to sell for a nice profit, as the price has inflated significantly.

It’s really that simple.

well I'm buying the dip

>>26044811
Smart

>>26044783
so hold for maximum pain? I mean gain?

>>26042918
crypto is fun and all, but cmc futures are pure crack.

>>26044688
>Basel
huh? In CH?

>>26044746
because RISK IS ON or OFF the menu

>>26044751
Germany is at -0.7% interest on the 30 year. It's possible to keep going negative to increase the price of all currently issued bonds.

The limit to this is a -100% interest rate, 1 year treasury which lose their face value in 1 year, but these bonds beat -99% interest bonds. In this world, your money in the bank will disappear if you do not spend your money. I'm pretty sure this is the world we're headed, and Gold could cost $1M because it's a 0% yielding bond.

Think about it.

Why is there a flood of money going into the 30-year bond? Who is even buying negative yielding bonds? Why are we discouraged from buying this asset?

>>26046199
In many EU countries, banks are required by law, to buy bonds.