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/biz/ - Business & Finance

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12030939 No.12030939 [Reply] [Original]

Bitcoin and other crypto is crashing
Equities are crashing
Real Estate are crashing
Bonds are crashing

I told you to buy gold. Did you buy gold?

>> No.12030958

Gold crashed already. Now its the others turn to crash. Then the cycle continues.

>> No.12030962

>>12030939
gold is just flatlining because it already crashed nigga

>> No.12030964 [DELETED] 

a boomer rock?
why would I hold that?

>> No.12030977

>>12030964
Because it's real savings. Something you zoomers don't understand. Savings

>> No.12030978

I have $1k of silver will i make it

>> No.12030990

>>12030939
Goldmoney accomplishes everything bitcoin set out to do. Everyone will use Goldmoney in the future.

>> No.12030995

>>12030977
>savings
That's the actual usage of gold. If people plan to buy gold as an "investment" for "profits" you are kinda doing it wrong.

>> No.12031002 [DELETED] 

>>12030939
Everybody who's ever owned gold knows that central banks and the like dump their gold reservers in times of crashing to prevent anybody from moving away from their system. So gold is going to crash too

>> No.12031020

>>12030977
>>12030995
This too.
If you have say, $50k in cash savings, and hold for 10 years, infaltion slowly kills your savings. If you hold gold, it doesn't inflate

>> No.12031035

>>12030939
The price on Gold, Silver rises and drops so slowly you’d actually make more money in a 401k. There’s absolutely no reason to invest in it.

>> No.12031051 [DELETED] 
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12031051

enjoy your boomer stones straight from medieval.

>b.b..but you can pay with gold.

yes by cashing it out.

>> No.12031073

>>12031002
>dump their gold reservers
Physical or Paper? Huge difference.

>> No.12031076

>>12030939
mfw people are just buying jewelry

>> No.12031092

>>12031002
Try Google "Central Bank Gold Agreement", sure there are no guarantees but it's simply not true that central banks dump gold whenever shit hits the fan.

>> No.12031104

>>12030977
>real savings
gold shills keep saying this, but have never clarified what it means. they just repeat it hoping it will brainwash people.

>> No.12031117

>>12031073
Deleted my shitpost to not shit up the thread with too many replies. But the answer is both. Whenever there is a crash/recession, all the banks dump their precious metal holdings on purpose.

But if you're in it for the long haul, you simply need to look at the 200 year gold price charts and realize putting cash savings in there is a solid bet over 10+ years, despite banks crashing and pumping gold at their will. At least your initial savings will retain their buying power instead of inflating into being worth less than a chocolate bar price after X years.

>> No.12031134

>>12031020
>$50k in cash savings, and hold for 10 years
nah man fuck off with that stupid shit nobody does that!
you put that $50k in an index fund it will be $55k in 10 years.
if you put that into btc it will be $500 million

>> No.12031159

>>12031134
>Grandpa coin not dying a horrible fucking death in the next two years

HAHAHA okay.

>> No.12031173

>>12031134
>if you put that into btc it will be $500 million
Zimbabwe dollars maybe.

>> No.12031193

>>12031134
Id rather put 40k in index funds and 10k in gold

>> No.12031208

>>12031134
>you put that $50k in an index fund it will be $55k in 10 years.
you mean ~$100k. $55k is an amount you could expect from 1 year in the stock market.

>> No.12031230

>>12030939
>people actually think that during the apocalypse they will be able to trade a shiny yellow rock in exchange for being left alive

>> No.12031257

>>12031230
If you believe we are facing the apocalypse because markets (excluding) are crashing then you are quite retarded. This will actually end up being for the good of everyone.

>> No.12031277

reminder all the other boards make fun of /biz/ cuz u dont know what ur doing

>> No.12031312

>>12031208
yeah sorry more like $142k no?

>> No.12031324

>>12031208
This
Lol at the zoomies paying rent and getting out of crypto to get into gold

>> No.12031415

Unironically now is a good time to buy gold. Not because it's a "hedge" (it's not), but because it has arguably already bottomed, if not, within a couple months. Buy now. Will see ~10%+ gain in 2019. (30%+ if you use a 3x ETF). Thank me this time next year.

>> No.12031421

>>12030939
Calm down Peter Schiff, we heard you the first 20,000 times.

>> No.12032093

>>12031421
I'm sorry, I forgot /biz/ now a days is a board for shitcoiners only.

>> No.12032260
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12032260

>>12030939

>Real Estate are crashing

???

>> No.12032342

>>12031312
depends on the fund and if you include inflation. $100k is a realistic ballpark all things considered.

>> No.12032449

>>12030939
i keep 5% of the portfolio in gold, as a hedge

>> No.12033054

>>12030939
I didn't buy any but my dad did before he died. What's the markup on really old gold coins? Is it better to have the bullion?

>> No.12033187

>>12031104
they clarify it in most of the gold related threads.
I don't have the explanation at hand and I'm too drunk atm.

Maybe the based PM anon will hit this thread and will explain.

>> No.12033195

Lost half of my money Dx

>> No.12033213

>>12031134
And in 10 years the purchasing power of that $55k will be $40k. Really made me dink.

>> No.12033224
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12033224

back to facebook boomer

>> No.12033257

>>12031104
http://lmgtfy.com/?q=Store+of+value

>> No.12033303

>>12032342
ah $100k present value you mean?
yeah probably

>> No.12034228

>>12030939
no i bought silver

>> No.12034254

>>12030978
I only got $250 in physical silver. Investing while minwage-cucking is harsh. At least I have no debt and I'm in CC

>> No.12034272

>>12031159
And then what, the next bitcoin becomes grandpa coin in another 10 years, this is the problem with crypto, it has to be sound money for centuries not a revolving product you buy all over again like Windows updates.

>> No.12034274

>>12031134
>you put that $50k in an index fund it will be $55k in 10 years

lol @ the lies coinfags spread. After 10 years your money would AT LEAST double.

>> No.12034429

>>12034274
read
>>12031208
>>12031312
>>12032342
>>12033303

you double nigger

>> No.12034462
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12034462

Yup, added another $500 to the old gold pile when prices dipped below $1200/oz. Here's to you Schiff.

>> No.12034530

>>12030939
Silver is cheaper.

>be me, an 18 yr old β/α male, definitely not Ω
>have Silver that can be sold
>buy all silver can get hands on
>wealth goes to gold
>gets an island in the middle of the ocean
>mfw I see people swimming to shore
>mfw it's another season of Lost/Island survival reality show

>> No.12035358

>>12030939
Bond's aren't crashing you stupid pajeet. I went all in TLT and have 5% gains since tuesday.