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/biz/ - Business & Finance

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11929467 No.11929467 [Reply] [Original]

You DONT buy gold hoping it goes up in dollar price like a stock. Amazon is a business making revenue. Gold is just fucking gold... it isn't supposed to provide you returns.

Gold is money and savings to protect your wealth and exponentially increase it when fiat fails. That's the entire fucking point of buying gold.

The dollar value of gold is irrelevant. Gold didn't all of a sudden become valuable when America was born and the dollar was created so why the fuck would you be valuing gold in terms of fiat?

Also it was fucking gold that gave value to the dollar.

>> No.11929503

As a gold owner myself I HOPE the dollar price of gold goes back down to $250/oz.

Gold at $250 just means you have a govt that isn't out of control and an increasingly healthy economy.

Remember anons a good economy means prices are falling and gold going back down to 250$ means the economy is getting better and prices of all goods will drop as well so in real terms you would not lose if you bought gold at 1k and it went down to 250$ because a subway footlong sub will go back down to 3$.

All the dollar price of gold shows is how unstable, volatile, and lack of store of value the dollar is

>> No.11929752
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11929752

>>11929503
Who the fuck takes gold for payment tho

>> No.11929804

>>11929752
It's not about taking gold for payment you retard it's about the currency having a basis of value.

Gold gave the dollar its value. So you didn't have to buy things with gold and silver coins which is annoying.... but that dollar represented gold.

>> No.11929828

>>11929752
Gold can be converted into literally any currency EVER used in human history.

>> No.11929886
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11929886

>>11929467
Motherfucker, but you told me to all in on gold miner stocks.

>> No.11929918

>>11929467
>You dont buy gold for the returns.
>Gold will exponentially increase your wealth when fiat fails.

Pick one and stop contradicting yourself.

>> No.11929942

>>11929503
This is true. Whenever I put money into a store of value I hope the value goes down.

>> No.11929950

>>11929752
I accept gold for my house rent
>>11929467
I don't want gold to moon, because it means fiat collapse

>> No.11929952

>>11929918
You aren't buying gold now for fiat gains. You are buying gold for when fiat implodes and the transfer of wealth that comes to gold owners

That's literally the entire point of buying gold you moron

>> No.11929953

>>11929467
>Gold
You mean boomercoin?

>> No.11929960

Thanks just bought 100k gold.

>> No.11929972

>>11929942
Gold isn't going down when it goes down in price. It's just a barometer of the value of the dollar. A gold ounce 900 years ago is that same gold ounce of stored economic energy today. Doesn't matter if the dollar fucking exists or not you idiot.

So when the dollar price of gold goes down that means prices get cheaper.

25 years ago gold was at 300$ Or so and a loaf of bread was 90 cents or so.

Today gold is $1,200 and a loaf of bread is like $3.50.

Get it now retard?

>> No.11929991

>>11929952
>>11929972
You get really mad when someone doesnt want your shiny rock.

>> No.11929994

>>11929467
It will once I figure out how to synthesize it cheaply. I'm going to dump so much synthetic (don't worry it'll be chemically equivalent to "real gold") gold that the market will die and every old psychopath boomer that's put their life savings into this will be serving up fries at McDicks in no time

>> No.11930000

>>11929467
Gold $5,000/oz EOY

>> No.11930010

This is correct, but I would add one more thing.

Buy and hold physical gold (or silver)

There are gold-backed assets that are redeemable for gold until they aren't (the issuers over-sell them to make more money), so make sure you have a safe to keep your physical bullion in. Ideally keep it in forms easy to verify (I like using Canadian mint rounds because they are .9999 pure) and more easily traded with like 1/4oz and 1/10oz coins (a 1oz coin is enough to buy a used car or 1-2 months rent in fiat).

>> No.11930027

>>11929991
I'm trying to educate. Everyone is getting poorer because you and the rest of the population are low IQ and don't understand what real money is.

>> No.11930040

>>11929467
this looks like a penis

>> No.11930067

>>11929972
>and a loaf of bread is like $3.50
how much is a banana?

>> No.11930463

>>11930067
Knock, knock.

Who's there?

Banana.

Banana who?

Knock, knock.

Who's there?

Banana.

Banana who?

Knock, knock.

Who's there?

Banana.

Banana who?

Knock, knock.

Who's there?

Orange.

Orange who?

Orange you glad I didn't say banana?

>> No.11930523

>>11930463
where the fuck is a loaf of bread $3.50? do you live in the bay area or something?

>> No.11930548

>>11930523
dude, at kroger a loaf of Sara Lee is $3.59. There are some cheaper breads in the $2 to $3 range, but they are dog shit.

>> No.11930575

How bout how eggs were $0.89/dozen at the beginning of the year and now they're $1.69/dozen yet gold has gone down in value?

>> No.11930604

>>11930575
eggs are the same price as they were at the beginning of year, at least here, and gold is about the same price as well

>> No.11930630

>>11930548
sara lee is high end white bread as far as regular grocery stores go and also not that expensive in my area. other than that you're talking about a botique store or somewhere with HCOL. sara lee is similar to buying from the bakery in my area

>> No.11930644

>>11930027
>don't understand what real money is
ok
thats why im pulling in equity value and you are stuck with your shiny rock lol

>> No.11930650

>>11929752
i will

>> No.11930664
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11930664

give it up boomers nobody is gonna buy your shiny rock bags

>> No.11930692

>>11930664
yeah, it's worthless, which is why india, china, russia, etc are stockpiling like crazy

>> No.11930727
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11930727

>>11930692
>gold is good! thats why all those shitholes I just mentioned buy it!

>> No.11930729
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11930729

Gold... oh yeah

The little rock making desperate people all over the world put their kids into slavery and flush mercury in the waterways... digging, clawing, ripping the Earth up

All so you can pay tons to sit on your ass and feel good about your false sense of security

Gold industry has to sell everyone on all the standard shit. Buy it for your girlfriend. For your economic health.

Jump up and down, demand the government buy and hoard gold. Vote for pols to put all kinds of natural places in jeopardy.

>> No.11930764
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11930764

Gold.. its not even used in fillings anymore its only used by third world dictators to get their hands on currency

>> No.11930773
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11930773

I swear to fuckin god I've seen this chart somewhere before....

>> No.11931120

>>11929994
Found the good old Alchemist among us.

>> No.11931370

>>11929804
There are a lot of things with intricate value but they are still not accepted as payment or currency even. Gold is just a mediocre store of value build on speculation because gold is honestly basically worthless looking at the use cases there arent many