/biz/ - Business & Finance

I think they said yesterday that they didn't need any help from the central bank

they ain't finna saving yall lmao

>FINMA
financial mommy halp

>>54137814
>Finn ma

>>54137814
>Carlos.jpg
More like Credit Sussie
(My areas rangebanned from uploading files).

>>54137814
finma ballz

>>54137835
That's how it always work. Everything is completely fine (publicly) until its literally hours from failing.

>>54137814
Need healing

>>54137814
AAAAAAAARRGH HELP ME MOUNTAIN JEWS

pfft, more like Credit Scheisse

>>54137814
Market Cap 7.546B

fucking nothingburger

>>54137814
mario newfal is the reason why the Jewish plan to make sure Sam and FTX insidoors never face any consequences worked in the first place. It was HIS twitter spaces with Sam that allowed everything to happen. Imagine listening to him and giving him engagement. OP needs to this minute kill himself.

>>54138248
Idiot

>>54137896

>>54137814
so they're about to get heemed (financially speaking)

>>54138286
why? dogecoin has a bigger market cap than cs, it literally doesnt matter if they crash

>>54138316

>>54137896
GO TT EEM

>>54138248

The total assets are valued at $792.412B

Aprox 200B$ more than Lehman Brothers

>>54137814
https://www.youtube.com/watch?v=AaeX6v0mEqg
ANGUS MCFIFE STRIKES DOWN CLOWN WORLD ON HIS MIGHTIEST OF PATHS TO DEFEAT THE DARK WIZARD LORD ZARGOTHRAX

>>54138316
I don't know if you're trolling, but the relevant number is AUM - 1.3 TRILLION; and total assets - 530 BILLION Swiss francs.

>>54138316
Anon, for your own sake I hope you're trolling. The marketcap of a stock is not the same as the balance sheet of the underlying company.

>>54138248
market cap has nothing to do with assets retard

>>54137842

>>54138248
>Market Cap 7.546B
And liabilities 200 Trillion

But the upside is CS has been slowly failing for quite some time, therefore most institutions have reduced their exposure... right?
Because otherwise this is going to be a fucking mess. Does the Swiss state have the resources to backstop this crisis? Any of that Nazi gold left over?

Is this just a liquidity issue, or some sort of accounting fraud where they are hiding losses?

>>54138666
SNB can print as much as needed just like the FED or ECB, by design (2008 vibes)

>33 banks

>>54138675
Why does nobody understand this simple fact.
IF YOU PRICE THE BOTTOM OF SOCIETY(largest part) OUT OF THE EQUATION. IT COLLAPSES.
Moomoos.
You fucked over the poor, and now it's your turn to get raked over coals because they can't afford to exist anymore.

>>54138675
Did this come out today? I heard that the SEC didn't want them to release this

>>54138316
anon you are unironically right and what you are receiving is cheap jew rage. Keep being based and free thinking anon

>>54137814
>systematically important banks
so if we get rid of at least half of them we win against jews?

>>54137896

>>54138742
mhhhm long pig.

>>54138750
https://www.credit-suisse.com/about-us/en/investor-relations.html

>>54137880
>mfw will never have neko mommy sanna marin war concubine
why even live

>>54138675
book value is kind of meaningless for banks and after GFC a lot of them have traded below book value

because assets are incredibly hard or maybe impossible to value correctly

what is the present day value of a 100 year Argentinian dollar bond. I mean they are paying but is it 100% or what should the discount be. now multiply that across the whole portfolio

>>54138920
Hmm, makes sense. So essentially its accounting fuckery / straight up fraud.

can anyone explain how picrel would have ANYTHING to do with this?

>>54138810
They expect somebody in the fire. The poor are too afford to even make it. The elites certainly have large walls. Only the MooMoos are left holding. Running around the Lake of Madness where billions of conspiracies endlessly boil upwards.

>>54138462
>>54138488
>assets - $574b
>liabilities - $813b
So what you’re saying dogecoin has a market cap bigger by over $200b than Credit Suisse?
hella based

>>54138920
>because assets are incredibly hard or maybe impossible to value correctly

Most jewish thing I've heard all day long

>>54139015
>he thinks crypto market caps are real
lmao

>>54139042
Doesn’t matter, assets and liabilities are so dogecoin comes out on top either any

33
>33
33
>33
33
>33
33

What did the creators of the systemically important banks list mean by this? Quite coincidental that the world didn't have 34 systemically important banks. Or 32. It's a very good thing there are 33.

>>54138979
KEK BAGGIES

>>54138958
bank accounting is an art and not science
it can work the other way as well
you discount the assets on your books because you expect something bad to happen. nothing bad happens and everything gets paid in full. holy shit 3 billion unexpected profits, better pay 500 million in bonuses real quick

>>54138248
Gather round everyone, its a midwit! Tell me what its like to have an IQ of 106?

>>54137814
>FINMA
>FINANCIAL MAMMA

>>54139074
AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

Looks like the currency markets expect EUR to eat this one.
Would EU ride to Switzerland's rescue? How is that relationship?

50,000 shares at $1.93

Money printers, do the needful and bail this turd out now.

>>54139319
Are you perchance retarded?

THE RIDE NEVER ENDS

>>54138979
Is credit suisse managed by redditors?

>>54139319
a fool and his money are soon departed.

>>54139319
wats your exit price? cause i hope your just looking for a quick flip. Taxes are also gonna fuck you on a day trade

>>54139299
they would try to extort the Swiss into adopting more EU laws and regulations in return

>>54139319
wont get bailed out, europe literally doesnt have the money to bail them out and the usa by law cant bail out foreign banks
>I will be directly taking your losses as gamestop profits once citadel is no longer able to use credit suisse to artificially drive down GME price
Thank you sir please buy more

>>54139076
>Reddit literally destroying the world economy

I fucking knew it.

>>54139319
You gon get bailed in, son

>>54139319
This is a paper trade. Right? Right anon?

>>54139353
If by retarded you mean rich and retired from trading oil and gme, then yes

>>54139414
Maybe sell Thursday or Friday. 2.50 to 3 would be nice.

So I’ll owe taxes on an extra 25-50k? Better than not making that money, holy shit what retarded logic

>>54139393
not even redditors would short 70% of the float by themselves

kek fracties

>>54139319
Did you hedge? Is there even a play here or are you straight ballin?
Either way, you seem fun - I mean that sincerely.

>>54139319
YOU'RE A MAD MAN

>>54139444
I sold 7,000 shares of GME at $294 to you baggie

>>54138979
>I'm having a bad day, and it's about to become EVERYONE's problem

>>54139489
No, but I actually bought it on margin with IBKRs money.

>>54139560
well you have to factor in the lower gains along with the high risk

>>54139444
I'm bearish in general but I see both the swiss and the EU stepping in to bail them out.

>>54138920
>what is the present day value of a 100 year Argentinian dollar bond
Literally whatever the market value, what kind of question is this? The real problem is that accounting is all bullshit for banks, unrealized losses on bonds in a rate hike environment doesn't actually show up as a loss in book value because for accounting purposes they just write down the par value.

>>54137814
>yuro banks are just different mutt

>>54139580
Hedge? My hedge is selling my boat, letting my 911 get repossessed and living with my parents.

I am fun, yes, used to be wild in fact.

>>54139560
You really magically think this stocks going to hit numbers it was under before the stock crisis? US regional bank are still under price from before this fall out even with US fed backing them up

>>54139626

>>54138248
They have over a trillion in assets under management.

>>54137814
before the advent of stock markets banks weren't really engaged in gambling with their customers money in markets, etc. instead they kept the money safe for their customers. well now all of that is gone with the wind just like the times when it was the norm. instead of only profiting off of loans, banks now gamble with every dollar they receive. until this changes and we have responsible money controls back onto the banking sector - and/or proof of reserves in on chain avenues where tokenized assets cant be used by such degenerate bankers - we will always experience defaults in the banking sector. its as mathematically guaranteed as the sun exploding millions of years from now.

>>54139597
U have no idea

>>54138248
Leave this board. You're stupid.

>>54139747
And those assets could just get nationalized while stock holders get fucked, exactly what happened to SVB, literally precedent for it

>>54138768
Holy shit, the stupidity of this board legit makes me seethe.

>>54139776
Watch it dip $0.10 in value and he immediately panic sells

>>54139748
>instead they kept the money safe for their customers
This is such bullshit. Banks have always lent out customer deposits to make money.

>>54138675
>Is this just a liquidity issue, or some sort of accounting fraud where they are hiding losses?
I don't know. I'm waiting to see if pic rel anon's story turns out to be true.

>>54139319
Rooting for you tbqh

>>54138675
>checks dividend yields
>5 fucking percent
How can these banks think about dividends while being on death row it fucking blows my mind

>>54138720
>SNB can print as much as needed just like the FED or ECB, by design (2008 vibes)
Yes but it will devalue the Swiss Franc. Maybe not enough to do much harm, though.

>>54139793
Credit Suisse as in Switzerland.

>>54139319
He bought Lehman

>>54138920
>because assets are incredibly hard or maybe impossible to value correctly
Also, and perhaps more importantly, banks are STILL (even after GFC) highly leveraged, so small changes in valuations cause large changes in solvency.

>>54139507
>gme
should’ve just said yes lmao

>>54139942
Imo we now live in the hyper reactive central banking era. They won’t let Lehman happen again.

>>54139923
you think they wont look at what America did to resolve the crisis?

Save us daddy government.

>>54139716
>t. narcissistic redditor npc thinks it’s reddit

>>54139410
>a fool and his money are soon departed
It's "parted," bro. Or "partying" if you like. But not "departed."

>>54139976
>he thinks this time is different

>>54139978
Their GDP isn't even a trillion, their currency wouldn't survive state intervention to the tune of a trillion odd dollars.

>>54137814
Who cares if some Susan bank goes down? The EU will save them.

>>54139299

The ECB is certainly much more concerned about the Deutsche Bank instead.

>>54137894
Got you, hermano.

>>54140062
Switzerland is not part of the EU, by the way the ECB is probably going to raise rates tomorrow.

>>54139978
Credit Suisse holds more assets than THE ENTIRE SWISS ECONOMY. Unless they start opening up the fucking Nazi gold caves there is ZERO chance that Switzerland has the liquid cash to do a bailout big enough to prop up the bank.

>>54139319
I can't believe you've done this

>>54139716
Godspeed my dude

>>54140106
>Credit Suisse holds more assets than THE ENTIRE SWISS ECONOMY
holy shit, you're right. that's nuts

>>54139651
US will bail them out too, look at the shit we pulled in 08-10

>>54140106
The do not need to cover all the liabilities at once. Only the difference between those maturing and the liquid assets the bank has.

Also:
> https://www.ceicdata.com/en/switzerland/monetary-base

>>54140060
>>54140106
Bailouts need only be about 10 percent, perhaps even less, of the total assets.
Still a big problem but not as big as you anons suggest.

LIGMA, HELP ME

>>54138631
>And liabilities 200 Trillion

>>54137842

>>54140060
GDP is the amount produced in one year, not the total produced ever.

On the other hand, it does also not account for liabilities and amortizations and destruction...

>>54140184
US cannot bail out non-American institutions by law

is swisserland gonna reopen negotiations towards accession treaty with EU?

>>54138768
Kek

>33 banks
Bros... I'm so tired of the symbolism...

>>54140268
like they can’t infringe on the right to arm bears and speech of freedom?

>>54140268
It would be extremely retarded but they could conceivably ""bail out"" the USA wing of Credit Suisse who could then distribute the cash. They won't, but they could.

>>54140268
The Lend and Lease agreements were what in practice?

>>54140268
>US cannot bail out non-American institutions by law
The Fed can establish foreign currency swaps with other central banks. Basically loan dollars to other central banks and take their currencies as collateral.
https://apnews.com/article/economy-virus-outbreak-financial-markets-us-news-financial-crisis-17cfb4599a97bd04f9958733a6e996ab

>>54140268
it's called zero percent interest loans and quantitative easing and using US banks to buy up parts of the company and then bail them out, you really don't understand how sneaky these fuckers are, do you?

>>54137814
whats finma?

Can any of the schizos in this thread give me a prediction on how this impacts Davos WEF and your boy Klaus? Without the Swiss banking sector and BIS they lose a lot of clout, right?

>>54139319
someone screencap this, godspeed anon

>>54140389
finma balls

>>54139319
FORTUNE FAVORS THE BRAVE

>>54140398
all part of the plan buddy, you cant build something new without destroying the old first

>>54140398
davos and wef are just a front for the people with real power trying to bullshit the population into doing what they want by pretending adopting retarded policies somehow makes you a good person

>>54140535
Old as in the whole Old World.

Yes, about time.

>>54139793
the assets under management are in their off balance sheet.

>>54137814
the bank was asking for a reassuring statement from the snb or finma. their financial situation does not seem to be that bad. they are facing a confidence and reputation crisis.

>>54139319
He’s up a couple thousand

>>54140301
Why do they do it? What's the point of hiding le spooky freemason number everywhere?

>>54139319
Bell close in an hour, will anon make it!?

>>54137814
I told you in advance 9 hours ago
>>419753983

>>54139319
Credit Suisse isn't looking so good, how're you holding up anon?

>>54140226
fucking newfag GTFO

>>54139319
Almost identical as to what is happening now.
People bought Lehman shares thinking it would bail out or was too big to fail.
They all thought it was a great price! Until it wasn't.

>>54137814
Dear Finma,
I wrote you but you still ain’t call in’
I left my name my number and my address at the bottom
You must not take got ‘em

>Once in a lifetime financial crisis
Once in a lifetime financial
>Once in a lifetime
https://www.youtube.com/watch?v=5IsSpAOD6K8

It's over. UBS just sent me a hiring freeze msg.

>>54139976
https://www.youtube.com/watch?v=TpCb3xjh-Kk It different this time.

>>54141164
Lehman Brothers Pay and Save
(formerly Christie’s)

>>54141164
True but hard to say now because, after Dodd-Frank, some banks, including CS, have been deemed "too big to fail" well before they're in trouble. so they seem to be guaranteed to be bailed out.
Yet now it seems that "bailout" can mean two different things: bailout of the depositors but not the bank, or bailout of the bank as well.
If CS holds (on their own balance sheet, not as a custodian) a lot of debt from other big banks then if CS fails that debt goes up for auction, causing the valuation of the debt to drop, which in turn would cause stress in those other institutions. (This is how contagion works, IIUC.)

>>54141053
Price is currently exactly where he bought it.

Fuck me.

I dont think this will amount to anything, but here it is anyways.

>>54139600
not me my cost average is about $90 presplit

>>54138728
The Ancient and Accepted Rite.

THERE IS GOING TO BE A BAILOUT AND MEXICO WILL PAY FOR IT

>>54141355
who is that?

>>54139319
bump to see how anon makes out

>>54139319
CS currently at $2.13. That's a 10% gain, or $5000. The fact that anons here expected SNB to not bail out CS in the short term, is the real joke here

>>54141864
small mistake, not $5000, rather $10,000, I misread the original buy.

>>54141864
anon, 10% on 100k are not 5k

>>54138728
Good spot schizo

>>54137814
They hoarded jew teeth. Surprised they held out for more than 75 years.

>>54140012
noun
a particular dead person or dead people.
"the prayer for the departed" He may not bew wrong.

>>54139319
Good job anon, the Swiss are well known for printing money and bailing out their banks

Hey, anon. How stupid is to buy some shares of this bank now? Kinda think to put in $500, if the bank won't die - it will greatly pay off.

>>54137814
You've all realized this is a scam, right?
>sell shares high
>mimic a bank liquidation
>buy shares at half their price
>ask gubment for money
>profit

>>54142729
Before last Thursday the stock was selling for around $2.85. If you assume it will return to pre-shock level you can make some money. The bank is in a lot of trouble for reasons that have nothing to do with this panic.
t. I unfortunately own a CS bond which matures in August.

>>54137842
fr fr

>>54142489
It's not an issue of definition, he got the saying wrong. The saying is 'a fool and his money are soon parted'.

>>54143028
I know I was just pointing out the happy little accidents.

>>54137814
Credit Suisse finna go down fo real nigga no cap

>>54137896

>>54141129
checked and kek'd

It is so eye-opening watching the banks getting JUSTed. No different than a crypto exchange underneath. People just have more "faith" in one system vs another.

>>54143090
Fair play, never you mind me.

>>54137814
break out the chad nazi gold and paintings in storage

>>54138248
can someone explain how they can have such a low market cap?

>>54142831
As I dive deeper, I have more doubts.

>The bank is in a lot of trouble for reasons that have nothing to do with this panic
That's true

>If you assume it will return to pre-shock level you can make some money
That was my assumption, though checking different sources I am not sure already.

From reuters https://www.reuters.com/business/finance/credit-suisses-saudi-backer-happy-with-transformation-plan-doesnt-think-extra-2023-03-15/ :
>The head of Credit Suisse Group's largest shareholder, Saudi National Bank (SNB) (1180.SE), said on Wednesday it would not buy more shares in the Swiss bank on regulatory grounds.
>"We cannot because we would go above 10%. It’s a regulatory issue," SNB chairman Ammar Al Khudairy said in an interview with Reuters. The Saudi bank holds a 9.88% stake in Credit Suisse, according to Refinitiv data.

Idk maybe it's a trap for those like me, who might want to make quite risky bet.

Those from wsj it seems that the bank will not be allowed just to die - https://www.wsj.com/articles/credit-suisse-shares-plunge-as-bank-storm-spreads-to-europe-7251349d (sry paywall)
>https://www.wsj.com/articles/credit-suisse-shares-plunge-as-bank-storm-spreads-to-europe-7251349d

That explains why it recovered a lot from today's bottom (in %).

I might consider taking less risk and just but a bit of another bank, which looks better.

>I unfortunately own a CS bond which matures in August.
I hope everything works out, anon.

welp, cnn and npr confirmed this leak. i should take up the violin

>>54143594
quick fix:

Though from wsj it seems that the bank will not be allowed just to die - https://www.wsj.com/articles/credit-suisse-shares-plunge-as-bank-storm-spreads-to-europe-7251349d (sry paywall)

>Swiss Regulators Offer Financial Lifeline to Credit Suisse

>>54143510
Suppose you have a suitcase containing $1.01M but also containing a bill for $1M. How much is that suitcase worth?
Welcome to banking.

>>54137906
Correct. Some high IQ grey man babbles about deposits and positive outlooks, and is suitably boring. Meanwhile high pressure calls are taking place in elite circles, who all know its bullshit.
Presumably can will be kicked. Idk how long this shitshow can last though.

>>54137814
Can someone give me a quick rondown on CS? I see they've been shit for years now, what happened to them

>>54139319
<$1 and I'm in. How many retard points do I get? The Big Bailout Bet, roll up tards.

>>54139393
Yes.
>t. used to work there.

>>54143640
If you're willing to dig you can get a little more info out of the financial reports than most people have.
Right now the thing to look for on the balance sheet is "securities held to maturity" vs. "Securities available for sale." The former are not marked to market while the latter are. If the company is holding a lot of long-dated bonds as "held to maturity" then those bonds are worth less than the balance sheet implies, which means that the company's net assets are actually lower than reported, if they were forced to sell in the current market.

>>54137814
I GUESSW YOU SAY IT'S PRETTY SUSSIE

+$20k AH, all with houses money. Somewhat salvaged a shit day

>>54139353
>>54139410
>>54139444
>>54139467
>>54139580
>>54139597
>>54139718
>>54139729
>>54139806
>>54139942
>>54139964
>>54139999
>>54140036
>>54140162
>>54140402
>>54140448
>>54140648
>>54140793
>>54141053
>>54141243
>>54141747
>>54141864
>>54142553

>>54137880
>TFW no Finn ma

>>54140106
reddit told me that CS has its own entity for swiss-internal stuff which could be split off and saved on its own
also you dont need the entire AUM for a bailout like other anons pointed out

>>54138414
he just bumped his jaw OK??

>>54138248
>>54138316
>>54138488
Now THIS is trolling!

>>54138414
the Bogdanoffs have taken control of their corporeal presences. Efron and Madonna shall call into being the vishnu living on the blockchain, and plunge this world into 2,000 years of bearishness. Prepare.

Why doesn’t the bank just lend itself the money it needs? It can pay itself back later.

>>54146446
new money is a liability

>>54143777
CARLOS YOU GOT TRIPS

Phew

>all the shills saying this is nothing proves that it is a big deal
>logic dictates that if this was no big deal no one would bother to talk about it at all

>>54143777
Me arrodillo

>>54146521
If you add enough zeros the counterparty switches to the tax payer.
It's in a footnote in the Talmud.

>>54147529
Good news is bad news.

>>54138248
>>54138316
and just like that
fiatcel is gone from the thread

>>54137835
And you believed them.

>>54137814
why don't they just restrict withdraws if retards are causing a bankrun? if they suspend the stock market automatically it would be weird if there is no safety mechanism in place on banks

>>54143792
are those other 3 knife catches as well

>>54147835
$7.28 avg on DO
$5.30 on BORR
About break even on OXY, not sure how it calculated that. I started buying it a loooong time ago.

>>54138248
>market cap
kek this dumbass

>>54137814
PLease don't tell me Switzerland is going to become a shithole. I wanted to move there once XRP blows up

>>54148417
Switzerland will always be Switzerland. Don’t move there, or your soul will be eaten by the devil the ancestors of the Swiss tricked. If you are non-Swiss by race, then don’t even bother. You clearly do not and never will belong.

>>54138414
Dont forget the deposits. They are at 1tril

>>54147035
It’s not over.

>>54137842
kek
e
k

>>54137814
I have 3k euros in Sparkasse, how exposed are they to the big banks?

>>54138414
>The total assets are valued at $792.412B
>>54148774
>Don't forget the deposits. They are at 1tril
Where are you anons getting these numbers?

>>54140106
>ZERO chance that Switzerland has the liquid cash to do a bailout big enough
>2023 March 15th
>He still doesn't know central banks can guarantee any debt will be paid in full (((nominally)))

>>54140268
2022.10.20 Central Bank Swap Lines (from NY Fed) begins going parabolic, primarily to Swiss National Bank (can also check on Swiss bank's site for weekly auction results) https://www.newyorkfed.org/markets/desk-operations/central-bank-liquidity-swap-operations https://www.youtube.com/watch?v=fdEj44qHcts

>>54137814
> 33

>>54143792
>IBKR light theme
Gross lol

>>54137814
Thank you Big Papa Powell

>>54138248
>Market cap
Are you fucking stupid?
Why the fuck is this board full of idiots who don't know anything about business, or how it works, or even how crypto and stocks bonds work?

>>54148417
>XRP blows up
Xrp is incredibly bullish if banks go bust idk why it hasn't gone to 1$ yet it's fucking weird

>>54139414
>muh taxes

>>54137814
What a load of fucking bullshit, there is ZERO evidence this is a major problem for the banking system. You're all just financial terrorists

+24% on the opening , 50b from the SNB, at this point everything is a big game of Monopoly. I think i'm going to kill Blackrock execs in a public meeting, see you in a couple of years

>>54141341
What time is it?

>>54138675
Anon, we just went through covid. I guarantee there are liquidity issues globally. The money flows are fucked up everywhere because it's probably still adjusting to whatever the fuck just happened.
Hell, I doubt even printing money and handing them to every bank and every person on the planet could clear the flow issues. We're talking legal contracts here, not just cash.

>>54139876
Oh good lord it really is Lehman's all over again.

>>54139976
>They won’t let Lehman happen again.
I can tell you, after researching Lehman for years for my degree, that it definitely will happen again because nothing was done since 2008. Things were deregulated even.
Some people in finance actually consider Lehman's a success story in handling a crisis. That's how bad things are in this industry of delusion.

>>54140036
It's funny, because the exact same thing as Lehman's with their financial arrangements is occurring here with Suisse potentially where they used a child corporation as a launderer for their liabilities.
It was always going to happen again because nothing is done in our governments about this situation. There are too many crooks in this CARTEL that won't allow regulation to occur here.

>>54140268
What happened to the international emergency pools of money for situations like this?
Oh wait covid...

>>54143594
>sry paywall
Not if you get good.

Btw the next crash will be 100% intentional by hackers who have had enough of this fraudulent economy that is a toxic back and forth between financiers, lawyers, politicians, law enforcement and general cartels.
As someone who saw this coming 10 years ago, even without covid, I am just angry at this filth we call a modern liberal economy. It's not even a free economy. It's just warped to cartel interests.

>>54143594
wsj article

>>54138920
>impossible to value correctly
crypto solves this

>>54137880
why are her pupils always like needles? looks like a heroin addict on withdrawal

>>54137814
>33

>>54152864
Her eyes are adapted to Finnish darkness.

>>54149292
do you know how Google works you retard

>>54148556
Oh shut the fuck up

>>54150795
This is not a bust yet, EVERYTHING has to collapse for XRP to rise

I moved 150k from various accounts to a gold backed IRA with goldco (they had lowest fees). I feel very comfy right now. Now I can rest easy knowing I have a bunch of gold sitting on a shelf in my personal locker at a depository insurred by Lloyd's which can't be relent, crashed, jewed etc. It doesn't grow like a stock but with real inflation and them printing trillions it doesn't really matter now does it. I'll invest in my 401k and Ira still but for the most part all my extra cash will be going to buy bulion for the safe. They can't keep the ponzie scheme going for another 30 years.

>>54157466
even if they state it’s allocated, it’s as good as paper gold. taking delivery and testing your metals for tungsten is the only truly safe option

>>54157466
boomer leaded fuel brain damage right here.
if it isn't in your hand, you don't own it. You might as well have donated your money to the local synagogue.

>>54156076
I asked because my numbers (from Barron's) differ.
And so do yours: $574B vs $792B quoted by >>54138414
Your number comes from a shitty news site, not even a financial site.